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Annuities Pros and Cons Fixed Annuities Fixed-Indexed Annuities Immediate Annuities Deferred Annuities
  A Wealth of Knowledge,
A Knowledge of Wealth

Harry Wilk

More than 25 years of Integrity, dedication and service.

Since 1991, Harry Wilk has provided professional and experienced advice to achieve a long record of exceptional results for his clients.

Sigma Financial Group

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What Is an Annuity?
An annuity, by definition, is simply an agreement to make a series of payments of a certain amount of money to a specified party for a predetermined period of time. Annuities also refer to a commercial insurance contract offered by a life insurance company.
Purpose of Annuities
Annuities are designed to insure the contract owner against the risk of superannuation, which means outliving one's income. Older investors who run out of money to support themselves face a dire dilemma. Annuities were therefore created in order to mitigate this risk.

These contracts are guaranteed to pay out at least a certain minimum amount on a periodic basis to the beneficiary until death, even if the total payments exceed the amount paid into the contract plus any accrued interest or gain. Because of this type of protection and the fact that you cannot withdraw funds penalty-free until you are age 59 1/2, annuities are considered retirement savings vehicles by nature.

Annuities make the most sense for pre-retirees and retirees who want to minimize worry about bear markets in retirement. Retirees know they will have a specific stream of income no matter how markets perform. Annuities, in short, represent certainty in an uncertain world.
What are the different types of annuities?
  • Fixed Annuities
  • Deferred Annuities
  • Fixed-Indexed Annuities
  • Immediate Annuities
  • Variable Annuities (not offered by Sigma Financial Group)
Which is best for you will depend on several variables, including your risk orientation, income goals, and when you want to begin receiving annuity income.

For your particular situation, each type of annuity has advantages and disadvantages. An immediate annuity, for example, pays the most but requires sacrifice of principal. A variable annuity may increase your principal over time, but fees are particularly high. What is important is that you, a potential annuity buyer, become aware of the different types of annuities so that you can make the right decision about which type of annuity fits your particular needs.

Annuities are what we do. Based on your needs and goals we will work with you to design a plan that will work for you; which types(s) of annuities would best serve you, and help accomplish the goals you have set. When choosing an insurance agency to assist you in learning about the benefits & features of annuities you want a company you can trust. We are an independent insurance agency. We do not work for an insurance company; we work for YOU and our duty is to YOU. It is our responsibility to provide YOU the best service and the best annuity product to fit your needs.
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Final Expense.
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Annuities Pros and Cons.

Sigma Financial Group  

Sigma Financial Group
1110 Pivot Rock Road
Eureka Springs, Arkansas 72632

For more information, please call or email us:
(479) 253-7343
(361) 442-6635- Cell
(479) 253-7661- Fax
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Sigma Financial Group

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