Find us on Facebook
Follow us on Twitter
Read our Blog
Connect with us on LinkedIn
View our Newsletter
     Daniel J. Guarino Insurance Agency, Inc.         Northwoods Business Park  •  99 Rosewood Drive  •  Danvers Massachusetts
The Daniel J. Guarino Insurance Agency helps both individuals and businesses in Massachusetts get the best coverage at the best rates. Massachusetts insurance MA MassMA insurance Mass Massachusetts

Testimonials • Contact Us  •  p: 978-777-5820  •  fx: 978-777-9443  •  e: info@djgins.com    


Guarino Insurance Agency Blog

What Is An Annuity?

                              What Is An Annuity?

                                       

An annuity is a tax-deferred insurance product used to save for retirement. The types of annuities include fixed annuities, equity indexed annuities and variable annuities.An annuity is a legal contract between an insurance company and the owner of the contract. It is an agreement whereby the insurance company makes specific guarantees in consideration of money being deposited with the company.

An annuity promises the periodic payment of a sum of money for a term of years or for the life of a person.

The money deposited into an annuity accumulates tax-deferred until you begin to make withdrawals or begin to receive regularly scheduled payments.

As a tax deferred investment, money invested in an annuity grows because:  

  • The original investment earns interest
  • The interest earns interest, since it is compounded automatically
  • The money one would ordinarily pay out for taxes remains invested, thus earning interest

With CD and Money Market rates so low, many people are looking to annuities to provide a higher guaranteed interest rate for a set amount of years, while also utilizing the power of tax deferral. 

* Before getting an annuity, one should always have a discussion with a licensed insurance agent to determine if an annuity is appropriate and what type of annuity makes the most sense for you.  Annuities can vary in terms of contract length, guarantees, interest rates and certain benefits that are more important to certain people.

Popular Blog Posts


Subscribe To Our Blog

Enter your email address:

Delivered by FeedBurner

How can we help you today?

Please take a moment to fill out our quick form. One of our representatives will be in touch with you within 1 business day!

Name


E-mail


Phone


Comments / Questions


Free Quote

For a free, no obligation quote, click on the appropriate link below:

You can also contact us directly by email or call 978-777-5820


Main :: About Us :: Auto & Car Insurance :: Homeowners Insurance :: Condo Insurance-Unit Owners :: Condo Insurance-Master Policy
Renters Insurance :: Life Insurance :: Health Insurance :: Business Insurance :: Disability Insurance
Long Term Care Insurance :: International Medical & Travel Insurance :: Retirement Annuities :: Contact Us :: Related Resources :: Testimonials :: Site Index

Copyright © 2010 The Daniel J. Guarino Insurance Agency. All rights reserved.
Personal, Business, Retirement & Group Insurance for Massachusetts MA Mass

Website maintained and optimized by Siphon Marketing

 

 

The owner of this blog reserves the right to edit or delete any comments submitted to this blog without notice due to; 1. Comments deemed to be spam or questionable spam 2. Comments including profanity 3. Comments containing language or concepts that could be deemed offensive 4. Comments that attack a person individually Terms and Conditions All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. This policy is subject to change at anytime.

 

 

 

 

insurance advice Real Estate Directory and Resources HomeWarrantyDirectory - A Comprehensive Directory and Resource Guide of Home Warranty Services Massachusetts Mortgages

Finances | Real Estate Directory
Directory of web sites related to Real Estate, Construction, House Plans, Home Decor, Mortgages, Insurance and other Home Related Businesses.