insuranceglobe.net » CD Rates http://insuranceglobe.net/learning_center Thu, 17 May 2012 20:54:31 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Fixed Annuity Rates http://insuranceglobe.net/learning_center/fixed-annuity-rates-2/ http://insuranceglobe.net/learning_center/fixed-annuity-rates-2/#comments Mon, 27 Dec 2010 14:05:10 +0000 Admin http://insuranceglobe.net/learning_center/?p=714 Compare Fixed Annuity Rates as of  April 26, 2011

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Midland National Life MNL Guarantee Ultimate 10 (200k) 10 Yr. 4.25%
Midland National Life MNL Guarantee Ultimate 9 (200k) 9 Yr. 4.10%
Midland National Life MNL Guarantee Ultimate 8 (200k) 8 Yr. 3.90%
Midland National Life MNL Guarantee Ultimate 7 (200k) 7 Yr. 3.60%
The Standard Focused Growth Annuity 6 (100k) 6 Yr. 3.40%
American Equity Inv Life Ins Co Guarantee 5 5 Yr. 3.15%
Midland National Life MNL Guarantee Ultimate 4 (200k) 4 Yr. 2.15%
OM Financial Life Insurance Company OM Guarantee-Platinum 3 3 Yr. 2.25%
Allianz Life Dominator Select 2 2 Yr. 1.50%
Allianz Life Dominator Select 1 1 Yr. 1.50%

 

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  No taxes are due on an annuity’s earnings until withdrawn, while interest on a CD is taxed each and every year whether you touch it or not.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.

]]> http://insuranceglobe.net/learning_center/fixed-annuity-rates-2/feed/ 0 Fixed Annuities VS CD’s http://insuranceglobe.net/learning_center/fixed-annuities-vs-cds/ http://insuranceglobe.net/learning_center/fixed-annuities-vs-cds/#comments Fri, 27 Mar 2009 02:10:10 +0000 Admin http://insuranceglobe.net/learning_center/?p=133 This is a very handy chart to compare the features and benefits of fixed annuities vs CD’s.

CERTIFICATES OF DEPOSIT (CD’s) VS. MULTI-YEAR GUARANTY FIXED ANNUITIES
CERTIFICATE OF DEPOSIT FEATURES FIXED ANNUITY COMMENTS
Yes Guaranty of Principal? / Safe? Yes Both are “safe money” instruments.
Yes Monthly Interest Income? Yes* Monthly Income is typically available with both.
Yes Surrender Charges? Yes Annuities only apply surrender charges to amounts in excess of penalty free withdrawals. If you touch “a penny” of your CD, you may be subject to a penalty on the entire deposit.
No** Tax-Deferral if you Choose? Yes Eliminate current income and restart if later needed-when you want. You choose when to pay taxes-not Uncle Sam.
No Lifetime Income if you Choose Yes Create an income you cannot outlive-only if you choose.
No Bypass of Probate? Yes Avoid the time, publicity and expense of probate.
No Protection from Creditors? Yes*** Annuities and life insurance are the only financial vehicles protedted from creditor claims.
No Penalty Free Withdrawals? Yes Access a portion of your account value each year with NO penalty, typically after the first year.
No Nursing Home Waiver? Yes* surrender charges are waived on a portion of your annuity if you are confined to a nursing home.
No Terminal Illness Waiver? Yes* Surrender charges are waived on a portion of your annuity if you are diagnosed as terminally ill.
No Ability to Control Distributions to your heirs, after death? Yes You can choose to have the proceeds from your annuity paid to your heirs in a lump sum or as an income over a period of time. Different selections can be made for each beneficiary.
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