Fixed Annuities and Equity Indexed Annuities
Alliance Insurance Brokerage offers fixed annuity and equity Indexed annuity contracts with several different companies in the states of Kansas and Missouri. Fixed annuities are contracts with an insurance company that offer tax-deferred interest for a commitment of dollars over time. Fixed annuities offer certain minimum guaranteed interest rates, have limited withdrawal privileges, all interest grows tax deferred and opportunities to receive pay outs over a set period of time or life. Many fixed annuities have provisions and riders that offer death benefits and free withdrawals for certain situations like confinement in a nursing home or terminal illness.
Another type of annuity is an Equity Indexed Annuity. These annuities offer many of the same benefits of the fixed Annuity and earn interest based in part on the changes of a market index. However, the premiums are not directly invested in a market index. Returns on these Annuities can be much greater than fixed annuities with still very high guarantees on your principal. If you are a long term investor (7-12 years) you also would have an opportunity to earn an up-front interest bonus of 1 to 12% depending on the company and contract you choose.