My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

Fixed Deferred Annuity Investments Michigan

A fixed deferred annuity is the insurance industry's version of a savings account. It helps you earn a modest rate of interest safely and allows you to postpone the payment of income taxes on your earnings for as long as you want.

Local Companies

State Farm Insurance Companies
(906) 632-7511
2901 I 75 Business Spur
Sault Sainte Marie, MI
State Farm Insurance Companies
(734) 525-3170
9400 Middlebelt Rd Ste 1
Livonia, MI
Farm Bur Insurance
(734) 428-7331
135 E Main St
Manchester, MI
Farm Bureau Insurance
(517) 263-9379
4330 N Adrian Hwy
Adrian, MI
Meemic Insurance Company
(248) 594-5700
1145 W Long Lake Rd Ste Ste
Birmingham, MI
Farm Bureau Insurance
(734) 692-1545
22601 Allen Rd
Woodhaven, MI
Miles Shirley
(586) 469-3790
37211 Harper Ave Ste 3A
Clinton Township, MI
Kerrins-Winters Insurance Agency
(810) 387-3221
117 Brockway Rd
Yale, MI
Sherman Jeanine
(989) 686-2600
210 S Euclid Ave
Bay City, MI
Goodwin Lademan & Assoc Inc
(734) 287-2400
20300 Superior Rd Ste 250
Taylor, MI

Annuities For Dummies

Adapted From: Annuities For Dummies

A fixed deferred annuity is the insurance industry's version of a savings account. It helps you earn a modest rate of interest safely and allows you to postpone the payment of income taxes on your earnings for as long as you want.

Fixed annuities sometimes offer higher interest rates than competing investments, such as CDs (certificates of deposit), because the insurance carrier puts your money in longer-term bonds, which typically offer better returns than short-term bonds. Whenever fixed annuities pay higher rates than other safe investments, they're worth considering.

Don't confuse these fixed annuities with immediate fixed annuities, where you pay a lump sum for a fixed monthly payment that can last the rest of your life, a specific number of years, or as long as you or your spouse is living.

Characteristics of fixed annuities include:

  • Guaranteed principal: You can't lose your money unless the insurance company fails, which is unlikely if it has a strong financial rating.
  • Guaranteed minimum interest rate: Your money never earns less than this rate, even if the insurance company reserves the right to reduce the rate it gave you in the first year.
  • Annual withdrawals: Most contracts let you withdraw up to 10 percent of the value of the annuity every year with no penalty. If you're younger than age 59-1/2, however, you may owe an IRS penalty.
  • Surrender period and surrender charges: This is the waiting period (one to ten years in most cases) during which you can't withdraw more than 10 percent of your money per year without a penalty or adjustment.
  • Death benefits: If you die while owning the annuity, your money (including the interest you've earned up to your death) goes to your beneficiaries. If you want, you can change the beneficiary after you buy the contract.
  • Income option: You can convert the value of the fixed annuity to a guaranteed income stream (regular payments to you) for a specific number of years or for as long as you (or you and your spouse) are living.
  • Premium requirements: The minimum initial investment for a fixed annuity ranges from $2,000 to $100,000. You can purchase a single-premium contract with one payment or a flexible-premium contract with ongoing payments. If you send in more than one premium, each premium may require the purchase of a separate contract.

Fixed annuities have their pitfalls. For example, you may find yourself trapped for years in an investment that pays you less and less interest every year if you get bad advice or don't read the fine print. But, when handled with care, fixed annuities can be valuable because:

  • Your money is safe.
  • You can delay paying taxes on the interest you earn.
  • You have virtually no upper limit on contributions.
  • They often offer higher interest rates than competing investments.
  • They can reduce the overall risk of your investment portfolio.

provided by:


For Dummies is a registered trademark of Wiley Publishing, Inc. in the United States and other countries. Used here by license.

Read more about Fixed Deferred Annuity Investments

Regional Articles
- Fixed Deferred Annuity Investments Adrian MI
- Fixed Deferred Annuity Investments Allegan MI
- Fixed Deferred Annuity Investments Allen Park MI
- Fixed Deferred Annuity Investments Alpena MI
- Fixed Deferred Annuity Investments Ann Arbor MI
- Fixed Deferred Annuity Investments Auburn Hills MI
- Fixed Deferred Annuity Investments Battle Creek MI
- Fixed Deferred Annuity Investments Bay City MI
- Fixed Deferred Annuity Investments Belleville MI
- Fixed Deferred Annuity Investments Benton Harbor MI
- Fixed Deferred Annuity Investments Berkley MI
- Fixed Deferred Annuity Investments Big Rapids MI
- Fixed Deferred Annuity Investments Bloomfield Hills MI
- Fixed Deferred Annuity Investments Brighton MI
- Fixed Deferred Annuity Investments Burton MI
- Fixed Deferred Annuity Investments Cadillac MI
- Fixed Deferred Annuity Investments Canton MI
- Fixed Deferred Annuity Investments Cheboygan MI
- Fixed Deferred Annuity Investments Clarkston MI
- Fixed Deferred Annuity Investments Clinton Township MI
- Fixed Deferred Annuity Investments Clio MI
- Fixed Deferred Annuity Investments Coldwater MI
- Fixed Deferred Annuity Investments Commerce Township MI
- Fixed Deferred Annuity Investments Comstock Park MI
- Fixed Deferred Annuity Investments Davison MI
- Fixed Deferred Annuity Investments Dearborn Heights MI
- Fixed Deferred Annuity Investments Dearborn MI
- Fixed Deferred Annuity Investments Detroit MI
- Fixed Deferred Annuity Investments Dowagiac MI
- Fixed Deferred Annuity Investments East Lansing MI
- Fixed Deferred Annuity Investments Eastpointe MI
- Fixed Deferred Annuity Investments Eaton Rapids MI
- Fixed Deferred Annuity Investments Escanaba MI
- Fixed Deferred Annuity Investments Farmington MI
- Fixed Deferred Annuity Investments Fenton MI
- Fixed Deferred Annuity Investments Ferndale MI
- Fixed Deferred Annuity Investments Flat Rock MI
- Fixed Deferred Annuity Investments Flint MI
- Fixed Deferred Annuity Investments Flushing MI
- Fixed Deferred Annuity Investments Fort Gratiot MI
- Fixed Deferred Annuity Investments Fraser MI
- Fixed Deferred Annuity Investments Garden City MI
- Fixed Deferred Annuity Investments Gaylord MI
- Fixed Deferred Annuity Investments Gladwin MI
- Fixed Deferred Annuity Investments Grand Blanc MI
- Fixed Deferred Annuity Investments Grand Haven MI
- Fixed Deferred Annuity Investments Grand Ledge MI
- Fixed Deferred Annuity Investments Grand Rapids MI
- Fixed Deferred Annuity Investments Grandville MI
- Fixed Deferred Annuity Investments Grosse Pointe MI
- Fixed Deferred Annuity Investments Hamtramck MI
- Fixed Deferred Annuity Investments Harper Woods MI
- Fixed Deferred Annuity Investments Harrison Township MI
- Fixed Deferred Annuity Investments Hazel Park MI
- Fixed Deferred Annuity Investments Highland Park MI
- Fixed Deferred Annuity Investments Hillsdale MI
- Fixed Deferred Annuity Investments Holland MI
- Fixed Deferred Annuity Investments Holly MI
- Fixed Deferred Annuity Investments Holt MI
- Fixed Deferred Annuity Investments Howell MI
- Fixed Deferred Annuity Investments Hudsonville MI
- Fixed Deferred Annuity Investments Inkster MI
- Fixed Deferred Annuity Investments Ionia MI
- Fixed Deferred Annuity Investments Jackson MI
- Fixed Deferred Annuity Investments Jenison MI
- Fixed Deferred Annuity Investments Kalamazoo MI
- Fixed Deferred Annuity Investments Lake Orion MI
- Fixed Deferred Annuity Investments Lansing MI
- Fixed Deferred Annuity Investments Lapeer MI
- Fixed Deferred Annuity Investments Lincoln Park MI
- Fixed Deferred Annuity Investments Livonia MI
- Fixed Deferred Annuity Investments Ludington MI
- Fixed Deferred Annuity Investments Macomb MI
- Fixed Deferred Annuity Investments Marquette MI
- Fixed Deferred Annuity Investments Midland MI
- Fixed Deferred Annuity Investments Monroe MI
- Fixed Deferred Annuity Investments Mount Clemens MI
- Fixed Deferred Annuity Investments Mount Morris MI
- Fixed Deferred Annuity Investments Mount Pleasant MI
- Fixed Deferred Annuity Investments Muskegon MI
- Fixed Deferred Annuity Investments New Baltimore MI
- Fixed Deferred Annuity Investments Niles MI
- Fixed Deferred Annuity Investments Northville MI
- Fixed Deferred Annuity Investments Novi MI
- Fixed Deferred Annuity Investments Oak Park MI
- Fixed Deferred Annuity Investments Okemos MI
- Fixed Deferred Annuity Investments Owosso MI
- Fixed Deferred Annuity Investments Petoskey MI
- Fixed Deferred Annuity Investments Pinckney MI
- Fixed Deferred Annuity Investments Plymouth MI
- Fixed Deferred Annuity Investments Pontiac MI
- Fixed Deferred Annuity Investments Port Huron MI
- Fixed Deferred Annuity Investments Portage MI
- Fixed Deferred Annuity Investments Redford MI
- Fixed Deferred Annuity Investments Rochester MI
- Fixed Deferred Annuity Investments Rockford MI
- Fixed Deferred Annuity Investments Romulus MI
- Fixed Deferred Annuity Investments Roseville MI
- Fixed Deferred Annuity Investments Royal Oak MI
- Fixed Deferred Annuity Investments Saginaw MI
- Fixed Deferred Annuity Investments Saint Clair Shores MI
- Fixed Deferred Annuity Investments Saint Johns MI
- Fixed Deferred Annuity Investments Saline MI
- Fixed Deferred Annuity Investments Sault Sainte Marie MI
- Fixed Deferred Annuity Investments South Haven MI
- Fixed Deferred Annuity Investments South Lyon MI
- Fixed Deferred Annuity Investments Southfield MI
- Fixed Deferred Annuity Investments Southgate MI
- Fixed Deferred Annuity Investments Sterling Heights MI
- Fixed Deferred Annuity Investments Sturgis MI
- Fixed Deferred Annuity Investments Swartz Creek MI
- Fixed Deferred Annuity Investments Taylor MI
- Fixed Deferred Annuity Investments Temperance MI
- Fixed Deferred Annuity Investments Three Rivers MI
- Fixed Deferred Annuity Investments Traverse City MI
- Fixed Deferred Annuity Investments Trenton MI
- Fixed Deferred Annuity Investments Troy MI
- Fixed Deferred Annuity Investments Utica MI
- Fixed Deferred Annuity Investments Walled Lake MI
- Fixed Deferred Annuity Investments Warren MI
- Fixed Deferred Annuity Investments Waterford MI
- Fixed Deferred Annuity Investments West Bloomfield MI
- Fixed Deferred Annuity Investments Westland MI
- Fixed Deferred Annuity Investments White Lake MI
- Fixed Deferred Annuity Investments Wixom MI
- Fixed Deferred Annuity Investments Wyandotte MI
- Fixed Deferred Annuity Investments Wyoming MI
- Fixed Deferred Annuity Investments Ypsilanti MI
- Fixed Deferred Annuity Investments Zeeland MI
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History
Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
Copyright © BET Information Systems, Inc. All rights reserved.