The Whitesell Insurance Agency

Annuities

What is an Annuity?
An annuity is a retirement investment that allows you to accumulate funds on a tax-deferred basis. It has a payout period that can be for life or for a specified period of time.

Annuities can be a "qualified" plan, such as an IRA, where funds are purchased with before taxes dollars, or "non-qualified" plan, which means taxes have already been paid on the funds being invested. Both accumulate on a tax-deferred basis. Certain IRS rules apply to these plans.

Why purchase an annuity?

Annuities are the only investment vehicle that offers a guaranteed income for life.
With annuities you may be able to avoid probate by choosing the beneficiary.
Choice of fixed interest rate or equity-indexed annuities - or a mix of both.
Insurance companies are required to set aside funds equal to the surrender value of the annuity.

What does Guaranteed Income for Life mean?
Do you know if your retirement will provide you an income for your lifetime? With an annuity, the insurance company calculates payments based on your life expectancy and determine an amount to pay you on a monthly basis. It will continue for as long as you live - even if you live much longer than expected. You can never outlive the income from an annuity.

How does the death benefit work?
Simply put, if you should die before the annuity pays out, a named beneficiary will receive the existing funds. Because it is an insurance product with a named beneficiary, it does not go through probate.

What is a fixed interest rate annuity?
The insurance company provides a fixed interest rate of return on the funds for a declared period of time.

What is an equity-indexed annuity?

It provides a safety of premiums and existing gains. This means your investment never goes down.
It allows you to take advantage of the gains in the stock market using an index such as the S&P-500 index.
You do not loose value (principal + gains) in the declines in the stock market.
Most have a minimum guaranteed gains.

Annuities are great investments to protect your retirement from the rollercoaster of the market.

We can review the benefits of annuities for you and your family. Fill in the form by pressing the button below or give us a call to schedule a visit to discuss this way to protect your future.

We will contact you within 2 working days.