Fixed Annuities
Fixed annuities are tax deferred savings plans made and sold exclusively by life insurance companies. The most attractive advantage of fixed annuities is the power to defer the taxes on the interest earned until death if the money is not needed.
Fixed Annuities' most attractive advantage is the power to defer taxes until death if the money is not needed. People often say, "Why should I have to pay tax on my money if I am not going to use it?" Fixed annuities are a guaranteed safe investment. Fixed annuity holders are guaranteed that their investments are protected as long as they are within the limits provided by state law.
Fixed annuities are paid to a named beneficiary just as in life insurance; therefore, there are no will, probate, or legal tangles involved. They are absolutely creditor proof, i.e. Ken Lay had most of his money in fixed and variable annuities and life insurance. Everyone knows what happened to Ken Lay's money while he was alive and after he died. His family did not lose one penny to creditors, the IRS, or lawyers, because his money was airtight safe in fixed and variable annuities and life insurance at all times. In Texas, life insurance and fixed annuities are safer than any investment known to mankind.
We sell fixed annuities through New Era Life Insurance Company, Fort Dearborn Life, Jefferson Pilot Financial, Illinois Mutual, EquiTrust, Genworth Financial (GE), and Guaranty Income Life Insurance Company.
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