Fixed Indexed Annuities   |   Fixed Annuities   |    Life Insurance

Fixed Indexed Annuities

Fixed Indexed Annuities are contracts between you and an insurance company. Regardless of market swings, FIAs guarantee a minimum rate of return for a fixed number of years. Interest is earned based in part on changes in a market index, which measures how the market, or part of the market, performs. Other benefits of FIAs include no risk to your principal, tax-deferred growth, and the ability to create an income stream you can’t outlive. State insurance commissioners serve as the regulatory authority and states are required to have life insurance licenses to sell the product. For FIAs, the insurance company assumes the risk.

Fixed Annuities

Fixed annuities are contracts in which the insurance company makes fixed dollar payments to the annuitant for the term specified in the contract, usually through the lifetime of the annuitant. Like FIAs, the insurance company guarantees both earnings and principal. Other benefits include tax-deferred growth. State insurance commissioners serve as the regulatory authority and states are required to have life insurance licenses to sell the product. Once again, the insurance company assumes the risk.

Life Insurance

Term Life insurance guarantees payment of a death benefit during a specified term. If the policy holder outlives the specified term they have the option to renew for another term, convert the policy to a permanent coverage policy, or allow the policy to terminate.

Fixed Index Universal Life insurance can offer protection, flexibility, and tax advantages including income-tax-free death benefit and tax-deferred accumulation value.

Final Expense insurance is a type of whole life insurance designed to cover medical bills and funeral expenses when you pass. Also known as burial or funeral insurance and is popular among seniors.

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