An annuity allows you to plan retirement by earning interest
on your money now and paying taxes later. Annuity products
guarantee an income stream for you and your loved ones
for years to come.
Deferred Annuities
With a deferred annuity, you can earn interest on your money now and pay taxes later. Tax deferral helps an annuity grow at a faster rate than taxable interest accounts like money market funds and certificates of deposit because your money grows in three ways — your premium earns interest, your interest earns interest, and the money you would have paid in taxes remains in your account to earn interest. Current tax laws allow for the deferral of income taxes on an annuity’s earnings until they are withdrawn.
A deferred annuity also allows you to ease the worries of a fickle stock market by ensuring your principal is safe with a guaranteed minimum rate of return and provides an income that you can never outlive. Additionally, although deferred annuities are designed to be long-term retirement accumulation vehicles, all deferred annuities offered through our Agents include a withdrawal provision. This means you can gain access to funds if needed. You may also transfer/rollover funds from a matured CD or lump sum distribution or establish or transfer an existing IRA or Roth IRA.
Our Agents offer several deferred annuity options, each with unique features.
Elite Guarantee Annuity
You should consider an EliteGuarantee Annuity if you want to make a single premium payment and lock in an interest rate for more than one year. The EliteGuarantee Annuity provides you with a 3-year guaranteed interest rate. Once the initial rate guarantee period expires, you have the option to renew for the same period of time.
Platinum Bonus Annuity
Our Platinum Bonus Annuity features a competitive fixed interest rate that’s guaranteed for the first 12 contract months. Keep in mind that the first-year rate you’ll earn is based on the amount of your initial premium and includes a first-year bonus rate. Flexibility of premium payments is another key feature. You can decide when you add to your annuity without having a fixed schedule to do so.
Immediate Annuities
An immediate annuity might be right for people who:
-
Are retired and need to cover fixed or regular expenses
-
Want to provide an income they can never outlive, guaranteed
-
Want to provide an income for themselves and their spouse for life
Life offers the Single Premium Immediate Annuity (SPIA). With this annuity, you decide the amount and time period during which you wish to receive income and we’ll determine the single premium amount that will help see that your goal is met. Once your annuity contract is put in place, you are guaranteed a stream of income for life.
Payments received from an SPIA have been designed to return your premium in equal amounts over the income period you select. Minimum initial deposit is $5,000. Distributions are based on your age and the income option you choose. You may adjust both your income stream duration and premium until you arrive at just the right combination to meet your needs. Your premiums are returned in equal amounts over time and you may be eligible to receive a bonus when using an existing deferred annuity from our Life Insurance Company to purchase an SPIA.
ANNUITIES
GET A QUOTE!
Monday - Friday
9:00 am to 6:00 pm
Saturday
9:00 am to 1:00 pm
Evenings by Appointment
Location
HOURS & LOCATION
3122 Walton Blvd.
Rochester Hills, MI 48309
Located across from Oakland University and the Meadowbrook Theater.
In the plaza with Trader Joe’s, Busch's Market and Hallmark.
​
Give us a call today!
​
Fax: (248) 923-2667