Disability & Annuities

Disability Insurance

Unfortunately, a disability strikes more often than you’d think – so it’s important to protect your ability to earn an income. This is true whether you are single or have a family. Disability insurance insures your paycheck.

Disability income insurance (DI) offers protection through benefits that replace a portion of your pre-disability income. The monthly amount you qualify for, benefit period, and premium all depend upon your occupation and income.

Annuities

Fixed Annuities

Fixed annuities are a safe place to hold your money that will often yield a higher annual percentage than a CD at your local bank. Interest rates in these plans are guaranteed and set by the insurance company selling the plan. Surrender periods do apply, so you need to choose a suitable investment period to have your money tied up with minimal access to those funds without penalty. Growth within these plans is tax deferred, but note that any money you take out is taxed on a first-out basis. There are additional considerations when establishing an IRA contract.

Fixed Indexed Annuities

Fixed indexed annuities are tax deferred and returns are based on an index of your choice such as the S&P 500, Dow Jones, or Nasdaq and crediting method. You have protection against a market down-turn if your indexes perform inversely, and you will not lose any of your principal investment. Although interest credited to a fixed indexed annuity is based on an index that shadows the market, you are not directly invested in the stock market.

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