Latest Annuity Rates
LATEST RATES:
Fixed Annuity - 5 year - 3.65% guaranteed
Fixed Indexed Annuity - Earn up to 31.2% annually with NO risk of losing
* You can also earn up to 10% bonus on all your money!!! +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Fixed Annuity –
This traditional insurance product has several functions:
1. Generally higher interest rates
2. Tax deferred – which means an even higher APR
3. Treated like life insurance and is transferred without probate
4. Guaranteed Safe – no risk of losing money
5. Can have guaranteed lifetime payments
6. Access to 10% of your money – penalty free at anytime.
If you do not have life insurance, this product is almost a necessity. Many people falsely think that a trust avoids probate. Anyone can challenge a trust (think of Anna Nicole Smith and the Billionaire), but life insurance and annuities can be passed immediately. Of course the safety of the product is what most clients are after. When interest rates are down, your gains may feel small, but there are no risks and this is usually the highest guaranteed rate you can find.
Fixed Indexed Annuity –
This product has gained huge popularity in the last 10 years due to the stock markets volatility. Do you remember when the financial planners all would say, “in the history of the stock market, there has never been a period that the stocks didn’t finish higher.”? Hmmm, I don’t hear anyone say that today, because it would be a lie. You most likely LOST money in the last 10 years unless you happened to guess the exact right times to get in and out. Are you one of the many who got fooled by those really smart financial planners that always glanced over the warnings on their products that said, “Past performance does not predicate future returns…” or “Your money is not guaranteed…” These are the same planners that say annuities don’t make enough money. A Fixed Indexed Annuity can!
This annuity has all the same benefits of a traditional fixed annuity, except will have ways to gain interest based on the stocks. It is important to understand that your money IS NOT in the stocks, but the interest you gain is determined by how well the stocks perform. Every company has their own version and their own interest crediting strategies, but here is a brief scenario:
1. The annuity will have several “buckets” to place all or part of your money in
2. There is always a fixed interest rate “bucket”, and if you put all your money in this, it works the exact same way as the traditional.
3. The rest of the buckets will be based on any of the indexes (Dow and S&P are the most popular, but even foreign ones are available)
4. IF the stocks do well based on your strategy, your interest is credited based on how well they do, usually with some cap. Our highest one has a potential of 31.2% growth! However, on a good year, it is not uncommon for clients to receive 10 – 15% interest.
5. IF the stocks go down, you do NOT lose any money as all of your money is based on interest credited, NOT in the stocks themselves.
This makes FIXED INDEXED ANNUITIES a great choice for people who want to have a chance at gaining a higher amount, but do not want to risk losing principle. Please call or email us to explain these in detail and PROTECT your money!