If you would like to speak to a licensed agent, please call InsuranceGlobe.net at 1-888-950-8376.

Compare Highest Fixed Annuity Rates

Are you considering an investment in a Bank Certificate of Deposit?  If so, consider the following:

• Fixed annuity rates often are higher than CD interest rates.
• CDs do not offer any tax advantages – they are taxed every year.
• CDs can be garnished or seized.
• Most CDs cannot be liquidated without penalties and withdrawal charges never end.
• CDs have no lifetime income guarantee.
• CDs are subject to probate.
• CDs will not waive charges if you are terminally ill or confined to a nurshing home.

Consider the advantages of Fixed Annuities:

• Fixed Annuities allow you to begin receiving interest in 30 days.
• Fixed Annuities allow you to make penalty-free withdrawals.
• Fixed Annuities are creditor protected in most states.
• Fixed Annuities automatically bypass probate expenses and delays.
• Fixed Annuities give you an option to receive guaranteed monthly income for life.
• Most Fixed Annuities allow you to access your money penalty-free if you become terminally ill or were confined to a nursing home.

What is an annuity?

An annuity is a contract in which one party pays a premium (you), and the other party (insurance company) agrees to pay a stipulated amount (the deposit plus interest) periodically throughout life.  No taxes are due on an annuity’s earnings until withdrawn, while interest on a CD is taxed each and every year whether you touch it or not.  Some people have to make quarterly estimated tax payments because of interest they earn on their CD’s. 

Liquidity

Annuity accounts are liquid when compared to bank CDs.

• Some annuities allow interest withdrawals after 30 days.
• Most annuities allow withdrawals of 10% per year.
• All annuities can be converted to an income stream you can never outlive.
• Most annuities will allow full access to your money in the event you become terminally ill or confined to a nursing home.
• Most annuities allow Required Minimum Distributions from an IRA to be made free of any charges.

If you would like to speak to a licensed agent, please call InsuranceGlobe.net at 1-888-950-8376.

The most frequently used stock market index is the S&P 500.  In addition to  upside potential and safety of principal, your earnings will grow tax deferred.  However, if you withdraw you money prior to age 59 1/2, a 10% penalty may apply.  The insurance company will also provide you with a death benefit and options for how you can withdraw income when you reach the end of the specified term that you select.

Our Equity Indexed Annuity for the week is the ING Secure Index Annuity 7.  The first year cap on this product is 9%.  What this means is that if at the end of the first year the S&P 500 is up 10%, 9% will be credited to your account.  Your money is not actually invested in the S&P 500, it is just used as a measure to determine how much interest is credited to your account.  The % cap is declared annually and can go down.  You can never earn more than the declared cap in any given year.  However, once interest is credited to your account, it is locked in.  Your principal and any interest credited is protected from any stock market declines.  If the stock market goes down in any given year, you will not earn any interest, but you will not lose anything either.  Currently, the minimum guaranteed rate over the length of the term for this product is 1%.

Beginning in the second year, 10% of the accumulation value (as of date of withdrawals) may be withdrawn without a surrender charge.  Any withdrawals above the free withdrawal amount will be subject to a surrender charge. 

ING USA Annuity
Secure Index Seven

  100% Participation
No Spread/Margin Fees

9.00% Annual Cap

S&P 500 Point-to-Point

7 Year Surrender Term

A+ (Superior) Rating from A.M. Best

1.      FIXED ANNUITIES ARE NOT INVESTMENTS.  An annuity is a contract with guarantees between the insured and an insurance company with the ability to guarantee an income stream throughout retirement.

2.      YOU CAN NEVER OUTLIVE FIXED ANNUITIES INCOME PAYMENTS. Mutual Funds, Bonds, Stocks, Bank CD’s, Annuities; of these retirement savings choices only annuities can solve longevity and provide a guaranteed lifetime income.

3.      FIXED ANNUITIES ARE A SAFE ASSET CLASS.  Federal and State regulations provide strict reserving guidelines for insurance companies to ensure the security of their policyholders annuity principal and interest.

4.      FIXED ANNUITIES CAN PROVIDE LASTING INCOME TO A SURVIVING SPOUSE.  A surviving spouse can keep receiving a guaranteed income stream for their lifetime, if elected.

5.      FIXED ANNUITIES HAVE LIQUIDITY OPTIONS.  The vast majority of annuity contracts allow for penalty-free withdrawals and contain provisions for emergencies and other contingencies.

6.      FIXED ANNUITIES CAN PROVIDE  AN INFLATION HEDGE FOR YOUR RETIREMENT INCOME.  Today’s fixed annuities can be structured to provide an income that will increase over time while still providing an income that cannot be outlived.

7.      ANNUITIES PROVIDE A REASONABLE RATE OF RETURN.  Due to the safety of principal and interest, as well as the power of belonging to an insurance pool, there is a solid rate of return with annuities, both in deferral and when used for income.

8.       A SUBSTANTIAL PORTION OF RETIREMENT INCOME SHOULD BE LONGEVITY INSURED.  For the pre-retiree or retiree concerned about outliving their assets, or not having an income last through retirement, fixed income annuities have a rightful place in their portfolio of assets.

9.      FIXED ANNUITIES ARE SIMPLE, SAFE, ASSET-TO-INCOME STRATEGY.  For many of those who have accumulated a nice “nest egg” at retirement, the great question becomes, “Now What”.  Fixed annuities offer what is perhaps the simplest and safest means by which to convert a lifetime of savings into a solid, predictable, guaranteed lifetime of income.

10.  FIXED ANNUITIES PROVIDE CHOICES.  Today’s fixed annuities contain options that keep you in control; you can choose income now, later or both; you can choose a guaranteed lifetime income and still change your mind.