Annuities - Income Planning
A higher fixed account rate is now available in year one for the Strategic Growth 7 Annuity!
8% First Year Fixed Rate*
Projected Year 2 Rate: 3.50%
* The Fixed Account interest rate shown for the first contract year will not be available in subsequent contract years, but the rate will never be less than the Fixed Account’s Guaranteed Minimum Interest Rate stated in the contract.
In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments. Usually the term “annuity” relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company.
There are many categories of annuities.
They can be classified by:
- Nature of the underlying investment – fixed or variable
- Primary purpose – accumulation or pay-out (deferred or immediate)
- Nature of pay-out commitment – fixed period, fixed amount, or lifetime
- Tax status – qualified or nonqualified
- Premium payment arrangement – single premium or flexible premium
These videos are for educational purposes. We represent many of the top carriers available. We will review your unique situation and be able to offer you a variety of carrier products and plans to choose from.
Buying An Annuity
Questions to Ask When Purchasing a Fixed Indexed Annuity
Contact Information
Address Details
- 2 Charles St., Suite 3A Providence, RI 02903
