Immediate Annuity is an insurance policy which in exchange for a sum of money makes a series of payments. These payments may be either level or increasing periodic payments for a fixed term of years or until the ending of a life or two lives, or even whichever is longer.
With a Fixed Annuity, earnings accumulate at a rate of interest guaranteed for a specific period of time, depending on the contract's terms. When that period ends, a new rate may take effect, or the old rate may be offered again. The new interest rate never will be less than the guaranteed minimum rate defined in the contract.
Annuities are offered through Blue Ridge Insurance Services. To learn more about annuities, please contact Jeff Walters.
To view additional insurance products, click on the links below:
Long Term Care
Not FDIC Insured ~ Not Bank Guaranteed ~ May Lose Value ~ Not a Deposit
Not Guaranteed by any Federal Government Agency