Evaluation Service

Get the most from your annuity and retirement plan.  Are you looking to purchase or upgrade an annuity for your retirement plan? Wealth Preservation Group provides friendly and objective assistance in helping you make sense of the vast number of different annuity products that are available. As independent agents we provide superior planning services, as we can recommend annuity products from the widest range of companies. This ensures you get the best advice possible, as our agents are not limited in the recommendations they can make due to restrictive affiliations.

Fixed Annuity Overview

Fixed Annuities are Safety-First savings type plans. (Safety First) - These include retirement based annuities that provide tax deferred benefits, long term growth, guaranteed interest rates, probate protection, trust advantages, lifetime income benefits, and guarantee the security of principal and earnings over the lifetime of your annuity. Your options range from Multi Year Rate Guarantee, Traditional, Fixed Indexed, and Immediate annuities.  Fixed annuities are utilized by individuals who insist on no loss at any level for their accumulated assets.

How Safe is Safe?  Guaranty Associations were created by state legislatures to protect life, annuity and health insurance policyholders and beneficiaries of an insolvent insurance company. All insurance companies licensed to write life or health insurance or annuities in a state are required, as a condition of doing business in the state, to be members of the guaranty association. If a member company becomes insolvent, money to continue coverage or pay claims is obtained through assessments of other insurance companies writing the same kinds of insurance as the insolvent company

Multi Year Rate Guarantee Annuity is a popular retirement and savings vehicle that was created for the stability of a guaranteed fixed interest rate with no risk to principal or earnings. A fixed annuity contract lets the insurance company invest your lump sum or accumulated contributions into low-risk assets, providing a guaranteed return traditionally higher than that of a CD product.

Traditional Annuities typically have a base rate, plus, either an interest rate bonus or premium bonus, that is guaranteed the first year. After the first year, the annuity rate is declared by the insurance company that issued the annuity policy.  Depending on economic conditions, these type of annuities may be more attractive than a multi-year rate guarantee because they do not lock you in to a fixed rate, so if economic conditions are favorable the declared rate for a particular year may be higher than a multi-year rate guaranteed annuity.

The Fixed Indexed Annuity is a unique type of fixed annuity that mirrors the performance of particular stock market indices, without ever risking the loss of their principal due to unexpected market changes. An fixed indexed annuity also guarantees a minimum interest rate regardless of future performance, with each insurance company using a different formula to calculate the rate guarantees. The fixed indexed annuity was created in 1995 by insurance companies to meet the interests of consumers who wanted more from their fixed interest products. While the stock market offers opportunities for higher returns, that upside always comes with potential risk. For conservative investments, fixed interest products, such as CD’s, prioritize safety and protection of principal, but that comes with the promise of lower returns. The fixed indexed annuity was designed to provide a middle ground where performance meets safety and investors can potentially experience the best of both worlds, higher returns with protection of principal

With an Immediate Annuity, your income payments start right away (technically, anytime within 12 months of purchase). You choose whether you want income guaranteed for a specific number of years or for your lifetime. The insurance company calculates the amount of each income payment based on your purchase amount and your life expectancy.