Dennis D. Smith Insurance: Contact Us

An annuity is a contract between you and a life insurance company. As the contract owner, you pay a premium to the insurance company. The insurance company, in return for your premium, agrees to pay you a stream or series of payments at a specified time in the future. An annuity can help you meet retirement income goals, protect assets from creditors or probate, or provide opportunities to create a constant stream of income.

There are several categories of annuities depending on how you agree to provide your money (fixed or variable), if you want the money to accumulate or start paying-out immediately (deferred or immediate), how you want to receive the pay-outs (fixed period, fixed amount, or lifetime), your tax status, and whether you agree to pay the premium all at once or over a period of time (single premium or flexible premium).

Purchasing an annuity requires what is called a Suitability Evaluation Care Review, and you will need to be prepared to meet with a licensed insurance agent.

To begin, ask yourself three basic questions:

What do I want this money do for me?

Am I looking for safety, growth, or something in between?

How soon will I need the principle?

To arrange a no-obligation Suitability Evaluation

CALL 717-225-9696