Tax deferred growth allows you to accumulate more money because you do not pay taxes on the interest you earn until withdrawal.

During the accumulation phase, an annuity functions much like other savings vehicles such as savings accounts or certificates of deposit.

During the distribution phase, if elected, the insurance company guarantees to pay a lifetime income to the annuitant, or the annuitant may elect an income for a specified period of years.

The primary difference between an annuity and other forms of savings is the advantage of tax-deferred growth. Most other forms of saving money incur annual income tax on any growth. At time of withdrawal you will be taxed on the interest earned during the accumulation phase. Under Federal Guidelines, any funds withdrawn prior to age 59 1/2 will be subject to an additional 10% penalty tax, unless the withdrawal meets one of the exceptions outlined in the Internal Revenue Code.

• Fixed After Tax Annuity (FPDA Series)
• Fixed After Tax Annuity with High Interest Option (where available)
• Variable Annuity available - contact us for information

• Deferred Growth - no annual taxation on earnings
• Competitive Interest - Our fixed annuity earns a competitive interest rate. Click here for additional information.
• Annual Statements - sent to report current account value
• Flexible - single payments, regular payments or a combination of both

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