An Annuity is a contract between an insurance company and an individual, where its holder is taxed after beginning to receive distributions or by withdrawing funds from the annuity—essentially making the annuity tax-deferred until withdrawn. Annuity payments from annuities can be made as a lump sum or as payment over a period of time as income, usually after the holder turns 59½ years of age.
There are many types of Annuity contracts designed to fit the needs of each individual seeking to diversify his or her strategic approach to drawing benefits upon retirement. Annuities also have specific tax benefits, depending on the type of Annuity an individual may hold—including traditional-fixed, interest-indexed, equity-indexed or certificate annuities. Sabat Insurance offers these and many more popular Annuity types:
- Traditional fixed annuities
- Interest-indexed annuities
- Equity-indexed annuities
- Certificate annuities
Sabat Insurance can help you determine options and the best course of action since Annuities are not for everyone and require a consultation with an insurance professional. Use the quote request form on this page or contact us at 1-866-895-7502 to learn more about Annuities.
Annuities are not for everyone and they must be carefully considered by consulting with an insurance professional with the knowledge to help make an informed decision. Annuities are highly dependent on the risk factors affecting an individual's life and any potential threats related to his or her health, occupation and a wide variety of reasons why a person's life can end.
When you purchase an Annuity contract, you are betting on the chance of living a long and healthy life--and then cash in the rewards of investing on your longevity. Case in point, individuals who believe to have the highest risk due to occupational hazards, health problems and other threats to their life may have a lower return or none at all.
Contact Sabat Insurance today at 1-866-895-7502 to learn if you qualify for an Annuity and explore the options available to you and your family.