• The Principal is guaranteed. Some pay a 10% bonus on every deposit for the first five years. Others have a 3% to 20% bonus range.
• Potential Interest during the annuity’s accumulation phase: During this initial phase, an annuity may be an appropriate vehicle to help you accumulate money for your retirement.
• Guaranteed income for life and other options during the retirement income phase: When you are ready to start taking income, the annuity offers you a range of payout options. Some options may offer an immediate, single payment. Others may include income payments scheduled over a specific period of time, including your entire lifetime.
• Tax deferral that can help your money grow: The money in your annuity can grow tax-deferred. This means you don’t have to pay taxes until you begin to withdraw money from the annuity.
• Guaranteed death benefit protection for your beneficiaries: Annuities are insurance products, so it’s only natural that they can give you reassurance, knowing your beneficiaries are protected if you pass away before you start receiving annuity income payments.

A deferred annuity is a contract between a contract owner and a life insurance company. As a contract owner, you pay premium to the insurance company. In exchange for your premium, the insurance company promises to make regular income payments to you over a period of time, beginning at some point in the future. This is called annuitization. You may also receive additional benefits, which we will discuss with you at a consultation.