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Barry Keller, of Keller Insurance Agency, is proud to offer Annuities! |
Annuities can offer you safety,
while helping you reach your financial goals.
Annuities offer you the following benefits:
- You can earn a bonus on premium received in future years.*
- Each year, you may receive indexed interest based on monthly changes in the market index, subject to a monthly cap.
- Any indexed interest is locked in once a year, eliminating risk due to market index losses.
- Your premium and bonus are protected from index losses.*
Annuities give you a variety of options to receive a steady, predictable income from your annuity:
- Interest only - You have the option to receive interest-only annuity payments for a given number of years. Interest will be paid as earned, based on the amount of your annuitization value. After a given number of years of interest-only payments, you can take your full lump-sum payment.
- Installments for a guaranteed period - You can choose to receive annuity payments in equal installments for a period from 10 to 30 years. Each installment would consist of part principal and part interest.
- Installments for life - You have the option to receive annuity payments in equal installments for the rest of your life. Payments end upon your death.
- Installments for life with a guaranteed period - You can choose to receive annuity payments in equal installments for the rest of your life. Upon your death, the balance of the guaranteed period, if any, will be paid to your beneficiary the same way as you previously selected.
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How an annuity works:
An annuity is a contract between a contract owner and a life insurance company. The annuity's value and guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
As a contract owner, you pay a premium to the insurance company. In exchange for your premium, the insurance company promises to make payments to you at some point in the future.
You should not buy an annuity for short-term purposes. You generally have to keep your premium in the annuity for a specified period of time to avoid the assessment of penalties, such as surrender charges.
Annuities offer important benefits:
- Potential growth during the annuity's accumulation phase
- Income for life and other options
- Tax deferral that can help your money grow
- Death benefit protection
*Bonus annuities may include annuitization requirements, lower caps, or other restrictions that are not included in similar annuities that don't offer a premium bonus feature. To receive the annuitization value, the contract must be taken over a minimum of 10 years. If this requirement is not met, you will receive your contract's cash surrender value. Receiving the cash surrender value will result in a loss of bonus, indexed interest, and a partial loss of principal. Any amounts withdrawn may be subject to ordinary income taxes and, if taken prior to age 59 1/2, to a 10% IRS penalty. These taxes and penalties may additionally reduce the amount you receive. Not available in all states or on all products. Avoidance of probate delays and costs may require a properly named beneficiary, other than the estate.
Disclaimer: The information found on this page is for informational purposes only and is subject to change without prior notice. Please contact Barry Keller of Keller Insurance Agency for the most up to date information.
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