What Types of Annuities are there?
Annuities are available in three forms: Variable, Fixed, and Indexed.
Integrity Financial offers only fixed and indexed
Variable Annuities use the stock and bond market to drive the account values. The performance on Variable Annuities will vary with the ups and downs in the stock and bond markets.
Fixed Annuities provide guaranteed performance with positive growth that you can rely on. The insurance company guarantees that it will fulfill its obligations to each of its annuity owners. The guarantee is backed by the full faith and credit of the insurance company offering the annuity.
With a Fixed Annuity, your money grows at a predictable rate of return
and you will never earn less than the Guaranteed Minimum Interest Rate. There is
no fluctuation of principal. You also have the ability to earn more with higher
interest rates if your premium falls within certain dollar amount to help with
any savings gap.
A fixed annuity can also provide you with income guaranteed to last a lifetime. You can customize the income stream to fit your personal needs. For instance, you can:
- Receive income for life
- A specific time period (such as 10 or 20 years)
- Or create a payout schedule based on two lives (you and your spouse).
The income stream is based on a fixed interest rate to provide steady and
With a fixed annuity, the money grows tax-deferred and is distributed in the "pay-out" phase when the deferred investment is converted into an income stream.