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Immediate Annuity Quotes
American General
American National
American National
of New York |
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Please call for the
latest, most competitive quotes
from other competitive carriers |
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Annuity
Purchase Program
Yes, you can get cash
for your unwanted Annuity |
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| SPDA |
Single Premium Deferred Annuity. You can't add to it. |
| FPDA |
Flexible Premium Deferred Annuity. You can add to your account from time to time. |
| IMMEDIATE ANNUITY |
You give us the money now. We pay you a Pension, usually for Life, or for as long as either you or your significant other live. Since Annuities come with built in peace of mind Annuitants seem to live forever, and continue to receive income as long as they live. |
RATED
ANNUITY |
An Immediate Annuity that pays you a larger pension because you have some medical condition that causes your life expectancy to be shorter than normal. |
| COMPANY RATINGS |
A measure of the Carriers ability to meet its obligations. Only important if you are concerned about the carrier's ability to pay - when you want your money. |
BONUS
RATE |
A Contractual Guarantee - that the interest rate will drop at the end of the first year. Bonus Rates are great for the Carrier, not so great for the Customer. |
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CD ANNUITY |
A CD
Annuity is an annuity where the Surrender Charge
period does not extend beyond the Guarantee
Period. Frequently best for your client. Almost
always pays a lower commission because the
company is deprived of the opportunity to screw
your client. |
RATE
GUARANTEE |
Interest Rates may be Guaranteed for as little as One Year, or for Two, Three, Four, Five, Seven Years, even up to 10 Years. |
| SURRENDER CHARGES |
Ideally the Surrender Charges should not extend beyond the Rate Guarantee. Where they coincide, we refer to this as a CD Annuity. With a CD Annuity, if you don't like the new interest rate being offered, you can take a hike with no penalty! |
