Welcome to the Complete Solutions Inc Annuities page. Here you can learn the differences in the common types of annuities available as well as request more information on annuities.
Annuity definition: An annuity is a contract between you (the annuity owner) and an insurance company. In return for your payment, the insurance company agrees to provide either a regular stream of income or a lump sum pay-out at some future time (generally, once you retire or pass age 59 1/2).
Fixed Annuity: An insurance contract in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurance company guarantees both earnings and principal.
Equity Indexed Annuity: An indexed annuity is a fixed annuity, either immediate or
deferred, that earns interest or provides benefits that are linked
to an external equity reference or an equity index. The value of
the index might be tied to a stock or other equity index. One
of the most commonly used indices is the S&P 500, which is
an equity index. The value of any index varies from day to day
and is not predictable.
Reasons to use an Annuity: • Annuity is able to safely create wealth for your heirs
• Annuity is able to create tax-deferred growth
• Annuity is able to guarantee your principal and interest
• Annuity can enable your heirs to avoid probate upon your death
• Annuity can allow for increased death benefit
• Fixed annuity can allow stock-market gains without the risk
• Annuity can provide money for designated inheritance
To request more information and get a quote of the most up to date interest rates.
