Welcome to our Home Page for Annuities.

On this page you can begin to explore the two basic types of annuities that we offer at GRACO Financial.  How we use these two different types of annuities is determined primarily by how you choose to make contributions into your plan and when you want the guaranteed income stream to begin.

Immediate Annuities

Immediate Annuities are used to generate an income stream immediately.  This stream can last for a specified period of time or be guaranteed to last an entire lifetime or joint lifetimes.   An immediate annuity is typically funded with a single, lump-sum contribution into the plan.  In other words. you would deposit a lump sum into the plan and begin receiving income right away.  To find out more about immediate annuities, please click on the box on the left hand side of this page, or enter in your contact information on the bottom of this page and we’ll call you right away.

Deferred Annuities

Many clients use deferred annuities to continue to grow their investment plan on a tax-deferred basis for many years before deciding to take income from it.  Your principal is guaranteed by the insurance company to never go down in value, and has the opportunity for significant growth through a variety of interest earning options that are available.