Annuities

Understanding Annuity Basics

EXPLORE ANNUITIES

Understanding Annuity Basics

An annuity is a contract between an individual (you, if you decide to buy one) and an insurance company. You contribute a set amount of money, and begin receiving payments after a certain amount of time. Typically, an annuity can allow you to receive payments for the rest of your life.* It’s important to stress that an annuity isn’t an investment; it’s an insurance product.

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Fixed Indexed Annuity Basics

A fixed indexed annuity (FIA) is an annuity product that protects your money. This is because, while your interest rate may rise in response to the performance of a market index, the value of your FIA will not fall if the market does. Whatever happens in the stock market, the money in your FIA will be safe. *

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Annuities and Taxes

Annuities grow tax-deferred.

You only pay taxes on the money in an annuity when it is withdrawn. Depending on your situation, you may be eligible for additional tax benefits. For example, if you received a lump-sum payment from a 401(k), you may be able to transfer that money into an annuity to defer taxes. However, when dealing with such sensitive issues, it's best to consult with a qualified tax advisor.

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**Our products offer a reasonable rate of return, over time.

IMPORTANT CONSUMER INFORMATION
This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the web site create an agent-client relationship.

By contacting James E Leader Jr. Delaware Lic. #3003046271/Leader Group Delaware Lic. #2025704735, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.
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