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Health Insurance California >>
Annuity >> Fixed Annuity
Fixed Annuity
Why choose a fixed annuity?
If you are kind of traditional investor, a fixed annuity
may be right to you. Fixed annuities give steady and guaranteed growth.
But a fixed annuity also offers you tax-deferral to help your money grow
faster and gets you a lifetime income selection to keep your retirement
very secure.
By choosing fixed
annuity you could enjoy the safety of principal, steady tax-deferred
growth, a guaranteed rate of return (set annually), and also guaranteed
income options. In the prime year your annuity would get off to a faster
start with an additional interest rate credit (Purchases would earn an
attractive rate, as well as an Additional Interest Rate for the first
year contract only). Total Interest Rate is tranquil of an Interest Rate
with the additional interest rate. Purchase payments received in the prime
contract year will be eligible to receive any Additional Interest Rate
that is in effect at the time of purchase payment for one year. Minimum
initial purchase payment is $5,000. On each purchase payment anniversary,
a new Interest Rate would become effective with a one-year guarantee.
How does a fixed annuity work?
Your purchase payments earn a guaranteed interest rate for
a particular period of time. At the end of the period a new fixed rate
then becomes effective, based on current interest rates.
Earnings are not taxed until they are withdrawn (For tax purposes, earnings
are withdrawn first. In addition, withdrawals during the first six years
of your contract will be subject to a withdrawal charge of 6%, 6%, 5%,
5%, 4%, 2%, or respectively. Withdrawals of taxable amounts would be subject
to income tax, and prior to age 59 1/2, a 10% federal income tax penalty
would be applied). You also have a choice of payout options, with a lifetime
income.
For more informations on our services
contact insurance brokers John
Good | Kelly Good |
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