Stan Fortier Insurance Services
Yakima, WA. Since 1989
With Locations in Terrace Heights and
Annuity guarantees rely on the financial stability and claims paying ability of the issuing insurance company.
An annuity is a contract between you and an insurance company, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date. Annuities typically offer tax-deferred earning and may include a death benefit that will pay your beneficiary a guaranteed* minimum amount, such as your total purchase payments.
Anyone thinking about purchasing an annuity should carefully consider the following: the rating of the insurance company (indicating their financial strength) issuing the annuity.
Any withdrawal from an annuity may be subject to taxes and a 10% federal penalty if taken prior to 59 1/2 years of age
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The number of annuity products on the market today can make selecting the most suitable annuity a confusing process. In fact, there are essentially three types of annuities.
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