Secure a steady cash flow for you and your loved ones for when you need it most.

What is an annuity?

An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date.

Annuities typically offer tax-deferred growth of earnings and may include a death b benefit will pay your beneficiary a specified minimum amount, such as your total purchase payments. While tax is deferred on earnings growth, when withdrawals are taken from the annuity, gains are taxed at ordinary income annuity rates, and not capital gains rates. If you withdraw your money early from an annuity, you may pay substantial surrender charges to the insurance company, as well as tax penalties.

Types of Annuities: 

There are generally three types of annuities — fixed, indexed, and variable.

We can help you increase savings, protect your savings or generate a stream of income with invested annuities. Selecting the best investment depends on your financial goals and market conditions. Fixed annuities are low-risk investments that can help you reach those goals. Get in touch with us today at 248-689-4910 to discuss what the best annuity plan options are for you!