Industry

Frequently Asked Questions




Who should consider purchasing an annuity? Anyone who wants a safe way to accumulate funds through triple compounding without paying current taxes on earnings should definitely consider purchasing an annuity.

What kinds of dollars can be used to buy annuities? Dollars from maturing CDs, money market funds, checking and savings accounts, mutual fund accounts, stocks and bond funds, IRA rollovers, etc. can all be used to purchase an annuity.

Will an annuity be tied up in probate proceedings? No — as long as the owner designates a “named” beneficiary other than his or her estate, the beneficiary will receive the annuity dollars without the delay, expense and hassles of probate proceedings.

Is an annuity identical to an IRA? No. Although an annuity is often used as the funding vehicle for an IRA, many annuities are purchased with after-tax dollars that are not deductible. Also, with annuities, there are not government-imposed limits on how much an individual can contribute to an annuity.

How can I get more information? We know you may have questions that are not addressed in this section. Please feel free to contact us, and we will provide you with all the individual information you need.