SPDA

Single Premium Deferred Annuity. You can’t add to it.

FPDA

Flexible Premium Deferred Annuity. You can add to your account from time to time.

IMMEDIATE

ANNUITY

You give us the money now. We pay you a Pension, usually for Life, or for as long as either you or your significant other lives. Since Annuities come with built-in peace of mind Annuitants seem to live forever and continue to receive income as long as they live.

RATED

ANNUITY

An Immediate Annuity that pays you a larger pension because you have some medical condition that causes your life expectancy to be shorter than normal.

COMPANY

RATINGS

A measure of the Carriers ability to meet its obligations. Only important if you are concerned about the carrier’s ability to pay – when you want your money.

BONUS RATE

A Contractual Guarantee that the interest rate will drop at the end of the first year. Bonus Rates are great for the Carrier, not so great for the Customer.

CD ANNUITY

A CD Annuity is an annuity where the Surrender Charge period does not extend beyond the Guarantee Period. Frequently best for your client. Almost always pays a lower commission because the company is deprived of the opportunity to screw your client.

RATE

GUARANTEE

Interest Rates may be Guaranteed for as little as One Year, or for Two, Three, Four, Five, Seven Years, even up to 10 years.

SURRENDER

CHARGES

Ideally, the Surrender Charges should not extend beyond the Rate Guarantee. Where they coincide, we refer to this as a CD Annuity. With a CD Annuity, if you don’t like the new interest rate being offered, you can take a hike with no penalty.