Deferred Annuities

What Are Deferred Annuities?

Deferred annuities are contracts that defer payments of income, installments or a lump sum until the buyer elects to receive them. This type of annuity has two main phases, the savings phase in which you deposits are made, and the income phase in which the plan is converted into an immediate annuity and payments are received.

Deferred annuities can be an additional option for retirement planning portfolios.

What Are The Tax Advantages?

Earnings on deferred annuities are taxed only upon withdrawal, providing the annuity buyer with a tax benefit. This type of annuity also provides a death benefit, so that the beneficiary of the annuity is guaranteed the principal and the investment earnings.

Comparisons Are NOT Always Simple

Every company seems to have its own "hook" to attract buyers: the Interest Credited, Bonus Interest, No Surrender Charges (after x years), and many others. In searching for the "right" annuity, we begin with finding the ones with the worst commission paid to the broker. We find these are generally the best annuities for the client.

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Neither Russ Swallow nor BenefitsLab nor BenefitsLab Insurance Agency, Inc. are Registered Investment Advisors nor are we licensed to sell securities. We do not offer investment advice nor do we participate in any fees derived from any other advisor’s investment advice. We are a Professional Employee Benefit Consultant and Broker and our sole source of income is derived from commissions based on common-sense insurance recommendations.