Personal Services - Personal Insured Annuities

An insured annuity provides retirement income with tax and estate-planning advantages. With an insured annuity, you receive a steady stream of payments in return for a lump sum deposit. By insuring your annuity, an amount equal to your original deposit is issued to a named beneficiary or beneficiaries when you die.

Tax advantages: Because only the interest portion of each income payment is taxable every year, you can maximize after-tax retirement income without increasing investment risk.

You can earn a pre-tax equivalent yield likely unattainable with today's fixed income investments.

Because you have a lower amount of payable taxes, you increase your chances of securing government benefits.

If you're a small business owner, by depositing a lump sum into an insured annuity with little or no cash value, you can reduce the overall value of your business and limit the capital gains liability.
Estate planning advantages.

An amount equal to your original deposit is returned to your estate's beneficiaries.
These proceeds avoid probate and can be issued directly to a beneficiary without cost or delay.
An insured annuity is a long-term commitment .

The decision to annuitize is permanent and cannot be reversed — it must be carefully considered.
Most annuities cannot be cashed or altered after income has commenced.
Payments cannot be adjusted to reflect changing needs.