All of this is general information, not personal advice — and not investment advice. Contracts differ. The carrier's materials for any product we discuss are the final word.
Frequently Asked Questions
What is an annuity?
A contract with an insurance company. You put money in. Later, the company pays you back — in one sum or as monthly checks.
What is the difference between fixed and indexed?
Fixed promises a set rate — slow and steady. Indexed links growth to a market index, with a floor guarding your principal from index drops, but caps limiting your upside.
Can I lose money in a fixed annuity?
The carrier promises to guard your principal. That promise rests on the carrier's ability to pay claims. No company is failure-proof — which is why carrier strength ratings matter.
What are surrender charges?
Fees for pulling money out during the surrender period — the first several years. They shrink each year and hit zero when the period ends. Fund annuities only with money you will not need soon.
What is the 21-day free-look?
You may cancel a new annuity contract within 21 days of receiving it for a full refund.
Do you offer variable annuities?
No. I hold no securities license, so I do not offer them. This site explains them for education only.
Are you a financial advisor?
No. I am a licensed Florida insurance agent. I am not an investment adviser and not a financial advisor. I do not manage investments or give investment advice.
Is this site investment advice?
No. It teaches how annuities work. It never tells you what to buy.
How do you get paid?
If you buy an annuity, the carrier pays me a commission. Quotes are free. You never pay me directly.
What if the insurance company fails?
No company is failure-proof. That is why I urge you to check the carrier's financial strength ratings before buying anything, from any agent.
Do annuities avoid probate?
With a named beneficiary, the payout most often goes straight to them — no court. Confirm it in the contract.
Will I owe taxes on payouts?
Gains you take out are most often taxed as income. This is general information, not tax advice.