Immediate annuities are use to generate an income stream immediately, that can last either for a specific period of time or be guaranteed to last for an entire lifetime or joint lifetimes. An immediate annuity is typically funded with a single, lump-sum contribution into the plan.
To find out more about immediate annuities, please click on the "Learn More About Immediate Annuities" option in the menu located on the left side of this page.
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. Their 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. In many ways, Deferred Annuities represent the best of both worlds, by providing guaranteed safety with significant growth potential.
For more information, click on "Learn More About Fixed Index Deferred Annuities" or "Learn More About Fixed Income Deferred Annuities" in the menu located on the left side of this page.