An annuity is a contract between you and your insurance company of choice.  These programs are designed to meet your retirement and long term goals. There are 3 different types of annuities to choose from. 1. Fixed 2. Indexed  3. Variable.

With a Fixed Annuity, the insurance company agrees to pay you no less than a specified rate of interest during the time that your account is growing. The insurance company also agrees to pay a specific amount of money on a periodic basis. These periodic payments may last for a definite period, such as 20 years, or an indefinite period, such as your lifetime or the lifetime of you and your spouse.

With an Indexed Annuity, the insurance company credits you with a return that is based on changes in an index, such as the S&P 500.  Indexed annuity contracts also provide protection that the contract value will be no less than a specified minimum, regardless of index performance.

A Variable Annuity, you can choose to invest your purchase payments from among a range of different investment options, typically mutual funds. The rate of return on your purchase payments, and the amount of the periodic payments you eventually receive, will vary depending on the performance of the investment options you have selected. Variable annuities are securities and are regulated by the SEC

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