Annuities - Handelman Insurance Advisors, Inc.

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An Annuity is a contract between you and an insurance company. Annuities are often chosen as a way to crease retirement income, but they can also be used to pass on a legacy to your heirs. Benefits can include:

  • Tax-deferred growth

  • Guaranteed income for life

  • Professionally managed investment choices

  • Protection for your beneficiaries


Who Should Consider an Annuity? 

An annuity could be a good choice if you want to:

  • Increase your tax-deferred earnings, and may be already taking full advantage of all available 401(k), IRA or other tax-deferred plans

  • Receive guaranteed income for life or a set period of time

  • Create a plan with flexible investment, income and legacy choices


Qualified Versus Non-Qualified Annuities: A qualified annuity is one that is purchased within a retirement account, such as a 401(k) or IRA. A non-qualified annuity is one that is purchased outside of such a plan, with dollars on which you´ve already paid federal income tax. Basically, the annuity is the same, but the tax consequences may not be. You may want to consult a qualified tax expert before investing.

How do you choose among annuities? The key to planning with annuities is customization. This starts with the type of annuity you choose: We offer both T
raditional Fixed Annuities or Fixed-Indexed Annuites. You may then customize further by choosing optional benefits for your individual contract, or from a variety of products with unique features.

Traditional Fixed Annuities are retirement contracts built on protection and guaranteed returns, including a guaranteed minimum interest rate. Fixed annuities offer guaranteed retirement income for a set period of time or for your lifetime. They also provide guaranteed return of your initial investment and death benefit protection.

Fixed-Indexed Annuities combine the benefits of a traditional fixed annuity, including guaranteed minimum interest, with the potential to earn additional interest linked to the return of an index. Fixed index annuities may allow owners the flexibility to build their contract to meet their individual needs. Some products offer two indexes, multiple crediting methods, a variety of contract lengths and optional features as well as a standard premium credit feature.

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