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Woodstock, Georgia Annuities

Woodstock, Georgia Annuities

Do you have investments in bank CDs?  If so, you are getting a minimal return and paying income tax on the return.  We should discuss an annuity.

Would you like to receive your proceeds in equal monthly payments over 5, 10, 15 or 20 years?  We should discuss an annuity.

Annuities are helpful in planning your financial future.  You can defer taxes,  or obtain an immediate income.

Annuities are one of the best ways individuals have to set aside money on a tax-deferred basis.

A unique feature of an annuity, not found in any other investment vehicle, is that it can provide a stream of income that cannot be outlived. If the annuity benefits are to be paid over a lifetime, the monthly or annual benefit amount is guaranteed to come each and every month or year regardless of how long the individual lives. Several other payment options are also available. In the event of death, all proceeds can pass directly to a named beneficiary, without surrender charge, probate delay, estate settlement costs, or publicity.

Advantages of an Auto-Owners Life Insurance Company Deferred Annuity

  • Safety - Auto-Owners Life Insurance Company has been awarded an A.M. Best rating of A+ (Superior). A.M. Best Company is a leading independent organization for rating financial strength of insurance companies. In addition, Auto-Owners Insurance Company has been named to the 2007 Ward's 50 Benchmark Group for achieving outstanding financial results in the areas of safety, consistency, and performance. Auto-Owners Life Company has been satisfying its customers since its beginning in 1966.
  • No set up or annual administration fees.
  • Single or multiple deposits for varying amounts can be made at any time.
  • You have a choice of current guaranteed interest rates for six years, or a fluctuating rate of interest program.Auto-Owners Life Insurance Company deferred annuity products may have restrictions or limitations. They contain surrender charges on early withdrawals, and the IRS imposes a 10% penalty tax for most withdrawals before age 59-1/2.

For additional information, or a personalized illustration, visit our office or send us an email.  

This is intended for general informational purposes only and not intended as tax advise.

Auto-Owners Life Insurance Company products are among the best in the industry. We pride ourselves in providing high quality, fairly priced life insurance, disability income, long term care and annuity programs.

Immediate Annuities
For a specified period of time or for the rest of your life, you can use an immediate annuity for regular payments. Immediate annuities are single payment annuities. A large sum of cash can be used for income for a specific time frame. These are not intended to offer liquidity or growth.

Income Annuities
An annuity that is fixed or variable paying a certain monthly amount. Income annuities are usually purchased in a lump sum and are used to provide a stable income for retirement.

Deferred Annuities
This annuity will begin payments from a specific date. Usually these are purchased with payments or sometimes a single payment. These payments are typically made while the insured is working in order to receive payments during their retirement.

Fixed Annuities
This annuity is used for retirement or savings for long term investors that want to have the stability of a fixed interest rate with no risk that they'll every lose any of the principal. A fixed annuity will provide steady and guaranteed growth with the tax-deffered benefit

Variable Annuities
With a variable annuity, the insurance company pays periodic payments to you either now or at a future date. The insured might see higher growth from a variable annuity, but will also be at risk from market changes. Variable annuities will vary will the performance of the investment options that are chosen.

As you can see from the definitions about there are many different types of annuities.  We can help you choose the right one for your situation.  And, we have several different companies to choose from.  If you live in Woodstock, Canton, Roswell, Alpharetta or anywhere in between or around let us hear from you!

When it comes to helping you choose the right annuity we are not limited to one single company.  We have access to several leading companies and a ton of customer support, information, and education.  Well, maybe not a ton, but all the information you need to make a decision when it comes to buying the right annuity.

When you buy an annuity you want to be sure to buy from a company that is financially solid.  We will help you select a company that has the financial strenghth  to meet their obligations.  

There are so many advantages of having a good solid annuity.  At our agency we talk with you and listen to help determine if this type of product will serve your needs.  Contact us today.