An annuity is a contract between you (the purchaser or owner) and the issuer (usually an insurance company). In its simplest form, you pay money to the annuity issuer, the issuer invests the money for you, and then the issuer pays out the principal and earnings back to you or to a named beneficiary. One of the attractive aspects to an annuity is that the earnings on an annuity (i.e., the interest earned on your money by the issuer) are tax deferred until you begin to receive payments back from the annuity issuer. Another unique feature to an annuity is that you cannot outlive the payments from the annuity issuer to you (assuming you elect to receive payments over your entire lifetime). If you elect to receive payments over your entire lifetime, the annuity issuer must make the payments to you no matter how long you live.
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DISCLOSURE: Investment Advisor Services offered through Investment Advisors, a Registered Investment Advisor and a division of ProEquities, Inc. Securities offered through ProEquities, Inc., a Registered Broker-Dealer. Member, FINRA and SIPC. LD&B Insurance and Financial Services is independent from ProEquities, Inc. Please be advised that presently Adam Savanick holds the series 6, 7, 63 and 65 licenses in FL, OH, PA, and VA. Stephen Cavanaugh holds the series 7, 31 and 66 licenses in FL, IN, PA and VA. Steve Brunk holds the series 6, 7, 63 and 66 licenses in DC, DE, MD, PA, TX, VA and WV. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by Adam, Steve or Stephen before proceeding further. No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendation. Securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risks including possible loss of principal.