|
An annuity policy is a vehicle in which your
premium dollars grow on a tax-deferred
basis, increasing your spendable income.
Many individuals purchase annuities to save
for retirement, and use them as an alternative
savings vehicle.
Annuities also have a unique feature in that
when you decide to "annuitize", or receive
income, you can choose an option to receive
that income for your lifetime. There are a
multitude of other options to create income
with annuities.
|
|
Single Premium Deferred Annuity
An annuity that is purchased with one premium.
- Withdrawal Privileges
-
Annuitization Options
-
Guaranteed Interest Rate Up To 5 Years
- Tax
Deferred Growth
-
Principle Is Guaranteed
- No
Annual Fees
-
Confinement Waiver
Flexible Premium
Deferred Annuity
Allows premium payments to be made at varying
intervals and in varying amounts.
- Tax-Deferred Growth
-
Guaranteed Principle
- No
Annual Fees
-
Additional Deposits
-
Guaranteed Base Interest Rate
-
Withdrawal Privileges
-
Annuitization Options
-
Confinement Waiver
|
|
The information on this site is an overview
for generalization only. For exact definition of terms, benefits,
exceptions and exclusions
as well as any waiting periods, you must see the policy itself.
The Policy contained herein may
have some Limitations and Exclusions.
|
