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The Pension Protect Act (PPA) was passed by Congress in 2006 and became effective in 2010. The law provides tax advantages for consumers who wish to purchase a long term care policy using a non-qualified annuity policy. The provision in the I.R.S tax code allowing for this is called a 1035 tax free exchange. Consumers can use …

March 10, 2014

Category: Annuities, Articles, Long Term Care Insurance

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Understanding monthly point to point annuity with cap accounts is very important if you are a current or potential indexed annuity investor. Typically, these accounts offer some of the highest potential for yearly returns when markets steadily trend upward. This post is the second in our ongoing series discussing indexed annuity sub-accounts. Our first was an explanation …

February 14, 2014

Category: Annuities, Articles, Retirement Planning

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In response to market demand, several insurance companies are offering annuity accounts with a guaranteed death benefit rider. These new riders increase the contract value each year by a guaranteed interest rate. The annuity death benefit proceeds will be passed on to the insured’s beneficiary(s) in a lump sum – or over the course of a predetermined …

December 26, 2013

Category: Annuities, Articles, Retirement Planning

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If you own or are considering investing in fixed-indexed annuities, it is important to understand how a point to point annuity sub-account works.  In this post, we will discuss how these accounts operate and what investors can expect from them. Considered the most conservative of most indexed annuity investment options, point-to-point accounts are the least complicated.  There …

August 1, 2013

Category: Annuities, Articles, Retirement Planning

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There are several types of retirement annuity accounts offered from various insurance companies. The one that will work best for you will depend on your short and long term financial goals. If you are closer to or at retirement, then a single premium immediate annuity account might be best. If you are saving toward retirement, then a [...]
July 2, 2013

Category: Annuities, Articles, Retirement Planning

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We have written extensively about the benefits and limitations of annuity income riders. There is a lot to learn about these accounts and we do our best to educate consumers online, over the phone and in person. The purpose of this article is to discuss some of the innovations with newer income riders. Not all are …

May 23, 2013

Category: Annuities, Articles, Retirement Planning

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Asset based long term care is quickly growing in popularity as those nearing retirement plan for potential long term care costs. There are only a few companies marketing long term care annuity policies and Mutual of Omaha is one of them. Their policy is called the Living Care Annuity. The primary advantages of their hybrid annuity …

April 10, 2012

Category: Annuities, Articles, Long Term Care Insurance

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The Pension Protection Act of 2006 became law in January of 2010.  The new law offers several provisions to incentivize the purchase of long term care insurance coverage. One significant component of the new law allows you to use what would normally be taxable annuity dollars to purchase a long term care insurance policy. This …

July 29, 2011

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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Planning for retirement income is an often overlooked but necessary piece of any financial plan.  Some retirees rely on stocks and bonds, others opt for annuity accounts, and many use a mixture of both in order to diversify their assets. Annuities have grown in popularity based on their history of safe & reliable returns and the …

July 6, 2011

Category: Annuities, Articles, Retirement Planning

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Compared to what other investments? Is an annuity a good investment if you had invested the majority of your dollars with Bernie Madoff or Alan Stanford? How about if you invested in Countrywide, General Motors, Lehman Brothers, Enron, WorldCom Inc, Citi Group, Fannie Mae or Feddie Mac? Or maybe you were unlucky enough to have saved …

June 2, 2011

Category: Annuities, Articles, Retirement Planning

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We receive several requests from fixed and indexed annuity shoppers about which insurance companies offer the best premium bonuses on first year and subsequent yearly deposits. Interest rates and bonus amounts are constantly changing, so it is best to give us a call in order to compare current yields and illustrations as one size does not fit …

March 30, 2011

Category: Annuities, Articles, Retirement Planning

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Conservative investors looking to protect a portion of their individual retirement account will often consider an annuity as a means to establish predictable growth and reliable income now or in the future. IRA annuity investments provide steady growth and are ideally suited for required minimum distributions. There are several types of annuity accounts to choose from, but …

February 23, 2011

Category: Annuities, Articles, Retirement Planning

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Let’s face it, sometimes annuities get a bad rap in the investment world and perhaps some of that is deserved. In fairness, those who are talking down these accounts are usually trying to sell some other financial product. However, the bottom line is investors are usually and understandably concerned about access to their deposited funds. Safe …

August 19, 2010

Category: Annuities, Articles

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There are three types of deferred annuities for investors to choose from in order of least to most risk: fixed, fixed-indexed, and variable.  Variable accounts are most risky as they are directly tied to the ups and downs of the overall stock market which is why you you see variable annuity complaints. In an attempt …

August 9, 2010

Category: Annuities, Articles

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Unfortunately, there is quite a bit of misinformation that has spread about annuity investment contracts. What is not clear is whether these untruths are intentional or a general lack of knowledge, but it is beyond time to set the record straight. One of the biggest concerns potential annuity investors have is what happens to their money …

July 1, 2010

Category: Annuities, Articles, Retirement Planning

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