Deferred Annuities

Deferred annuities offer a flexible way to secure future income while allowing your investment to grow over time. Here’s how they work:

1. You can contribute either a lump sum or make monthly premium payments to the insurer.
2. These contributions are invested according to the terms of your contract, providing an opportunity for your principal to grow.
3. You will start receiving income at a future date, either as a lump sum or through regular monthly payments, ensuring guaranteed financial security.

One of the key benefits of deferred annuities is the tax-deferred growth. Unlike traditional retirement accounts such as IRAs or 401(k)s, deferred annuities do not have contribution limits. This means you can invest as much as you want without worrying about hitting a cap. You’ll only be taxed when you begin to withdraw your funds, giving your investment more time to grow and compound.

Why Choose Deferred Annuities?

Guaranteed Income: Receive a steady stream of income when you need it most—during retirement.
Tax-Deferred Growth: Enjoy tax advantages until you’re ready to access your funds.
No Contribution Limits: Invest as much as you want for your future.
Flexible Payout Options: Choose between a lump sum or monthly income tailored to your retirement goals.

Want to learn more? Contact us today to discuss how deferred annuities can fit into your financial plan. Let us help you secure your future!