Fixed Annuities

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Long Term Savings through Annuity Policies

Fixed Annuities:

Fixed annuities often have a fixed rate of return for a set number of years. After the fixed period expires, you have the option of withdrawing the money or renewing for another term at whatever rates are available at that time. If the annuity is owned by an individual, the interest is tax deferred, so taxes are not owed until the money is withdrawn.

As of 8-16-17, our rates are as follows:

• 2.15% for 3 years
• 3.0% for 5 years
• 3.1% for 7 years
• 3.25% for 9 years

Ideal for:

• Reserve funds for condos, homeowners associations and non-profits
• Long term or retirement savings for individuals.
• A great alternative to bank CDs.

Indexed Annuities:

Indexed annuities allow the owner to receive a portion of the gain when the stock market goes up, but not lose any money when the stock market goes down. If things go well, they can return much better results than the fixed annuities described above. If the market does poorly, you don't lose anything. We offer a variety of indexed annuities, including one product in which an immediate 10% bonus is added to all amounts deposited. Thus, if you put $100,000 into the account, you have $110,000 on day one, earning interest.

Ideal for:

• Clients who have long term savings and are looking for a better rate than bank CDs
• Clients with a short life expectancy who wish to maximize the value of their savings for their heirs.

401K Rollovers and IRAs:

Each of the annuity products above can be used as an IRA, or as a 401K rollover IRA.

Ideal for:

• Clients with 401K money with a former employer, or an employer who has terminated their 401K plan.
• Clients who are not offered a retirement plan by their employer.

Do you have questions about Fixed Annuities?

Contact an insurance agent at Brown's Insurance Agency, Inc. today to answer any questions about Fixed Annuities or for a free review and insurance quote for Fixed Annuities. And don't forget, as an independent insurance agency, we represent several top rated insurance companies. We have the flexibility to help you find coverage at competitive premiums for business, home, auto, and more.