Seibel Insurance wants you to make an informed decision when you consider the purchase of an annuity. Annuities are an excellent tool to help you plan for your financial security. Annuities offer a variety of benefits including tax-deferred growth, ability to avoid probate and lifetime income.
Tax-deferred growth allows your money to grow faster because you earn interest on dollars that would otherwise be paid as taxes. Your principal earns interest, the interest compounds within the contract and the money you would have paid in taxes earns interest. The chart to the right shows the impact of a tax-deferred annuity.
Annuities offer the ability to name a beneficiary, which may minimize the expense, delays, and publicity that comes with probate. Your named beneficiary may receive death proceeds as either a lump sum or monthly income.
Annuities can provide you with a guaranteed income stream with the purchase of a tax-deferred annuity. You have the ability to choose from several different income options, including life or a specific period. With non-qualified plans, a portion of each income payment represents a return of premium that is not taxable, reducing your tax liabilities.
At Seibel Insurance we understand that, depending on your individual situation, you need the ability to choose whatever type of annuity fits you best. Our choices include:
A Traditional Fixed Annuity offers a declared fixed interest rate that is guaranteed for a specific period and guaranteed to never go below a specific percentage.
The interest rate credited to your annuity contract is linked to specific market indices that you can choose on an annual basis. Once the interest is credited you are guaranteed that it can never go down based on future market fluctuations.
You are guaranteed an income stream ranging from a specific period of time to your entire life. An immediate annuity offers a solution to the problem of outliving your money.