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 Specializing In Affordable Health Insurance for Michigan |
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Annuities Annuities have become popular over the years and even more so recently, because of the amount of interest they earn. You will get a higher return than with banks, credit unions, money markets or even CD’s. The money invested will be locked up for a period of years, usually five or ten. The money you accumulate will be tax-deferred. This means all interest gained is not taxed until withdrawn, whether in part or in full. This has definite tax advantages over money that is taxed during accumulation. Is your money going to be safe? In fact in the history of our country, no one has ever lost a single penny in a Tax-Deferred Annuity. You are protected by: The Legal Reserve System Legal Reserve refers to the strict financial requirements that must be met by an insurance company that protect the money paid in by all policyholders. These reserves must, at all times, equal the withdrawal value of every annuity account. The Insurance Company The full assets of the issuing company stand behind the annuity values. You should place business only with the strongest annuity carriers in the industry so that safety is guaranteed. Our State Pool Most states have a further protective device. Should an insurance company fail, all other companies doing business in that state take over the annuities of that carrier. The values are further guaranteed by contributions made to a pool by all carriers. For more information on annuities please provide your name and a preferred method of contact in the space provided below.
You will be contacted shortly to discuss the kinds of annuities that are available and the options to make a decision on what would be the right annuity for you.
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