What are the features and benefits of the EIA? |
Please note: Not all annuity investments
have exactly the same characteristics or tax benefits.
Before investing, a thorough financial review to determine
the proper type of investment plan for each individual should be
conducted by a qualified advisor.
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SAFETY
- Guaranteed minimum account value
I know I cannot lose any of my principle.
I don’t need to worry about the ups and downs of the stock market.
- Guaranteed minimum interest rate
I know I won’t receive less than annual guarentee.
- Issued by a financially strong insurance company
I know the money and benefits will be there when I need them.
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YIELD/RATE OF RETURN
- Competitive interest rates
My rate is as good as other safe alternatives and better than most.
- Potential for greater earnings
I know by linking to indexes, I can earn even higher rates.
- No loss due to stock market losses
I know my values will be as much or more every year.
- First year bonus up to 10%
I can quickly get ahead or recover from a loss in my last investment.
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- Interest not taxed currently
I can delay taxes on money I’m saving now.
I can accumulate more money because I’m not paying taxes now.
- Annuitization of cash values
I can pay taxes over the years I take income, not all at once.
Since only part of my yearly income is taxed, it will go farther.
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LIQUIDITY back to top
(NOTE: There may be tax liability on money withdrawn from an IRA.)
- Free withdrawals of part of my account
I can take up to 5% of my premiums without a surrender fee.
I can do this one time during each policy year up to 25% of value.
- Lump-sum payments
I can receive the cash surrender value at any time.
- Nursing home benefit
If I should need a nursing home, I can accelerate the distribution to as short as five years to help pay the cost.
- Systematic withdrawal of credit option
After five years, I can receive interest and index credits and keep the policy in deferral.
- Interest only payment option
After five years, I can receive interest only payments for ten years, after which I may receive the annuitization value in a lump sum.
- Retirement income
After five years, I can receive periodic distribution of the annuity value over a period as short as ten years or I can choose to receive an income stream guaranteed for life.
- Disability and illness income
If I qualify and have selected a lifetime income option, I may receive up to 60% additional income if I suffer a disability or illness that prevents me performing certain Activities of Daily Living.
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- Not usually subject to delays and publicity of probate
I know this money will not get tied up in court proceedings.
I know my privacy will be protected.
My beneficiaries will not lose money to probate costs.
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