PROTECT your future,
DIVERSIFY your savings,
ENJOY the good life.
What is Annuity
People are generally living longer and that means more time and savings could be spent in retirement. If you need a tax-deferred investment to provide a guaranteed stream of income for life or a specified number of years, it might be worth considering an annuity.
Annuities are designed to help you grow your retirement income. They’re long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments.
People are generally living longer and that means more time and savings could be spent in retirement. If you need a tax-deferred investment to provide a guaranteed stream of income for life or a specified number of years, it might be worth considering an annuity.
Annuities are designed to help you grow your retirement income. They’re long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments.
Provides an alternate way to save
An annuity can help you save additional money for retirement once you’ve maxed out other tax-favored investments.
Lets you catch up
Annuities can help you catch up on retirement savings when you have less time to save.
Offers growth potential
Annuities offer potential for tax-deferred growth and an income stream for life.
See Our Current Rates
* Includes 1% Bonus first year
* Includes 1% Bonus first year
We Also Offer Fixed Indexed Annuities
Find out what the highest caps
and participation rates are today.
Who needs annuities?
Annuities can suit a wide range of financial needs. They are not one size fits all. Depending on your retirement goals, annuities may be right for:
- Retirees looking for a predictable income stream
- Pre-retirees looking for safer ways to grow their principal
- People with 10+ years before retirement looking to diversify and grow their nest egg
- People who wish to maximize the legacy they leave to their beneficiaries
Annuities can suit a wide range of financial needs. They are not one size fits all. Depending on your retirement goals, annuities may be right for:
- Retirees looking for a predictable income stream
- Pre-retirees looking for safer ways to grow their principal
- People with 10+ years before retirement looking to diversify and grow their nest egg
- People who wish to maximize the legacy they leave to their beneficiaries
Why You Need an Annuity
Its tax-deferred status allows you to benefit from compounded growth.
The original deposit will not decline. Please keep in mind, though, that all guarantees are subject to the claims-paying ability of the issuing insurance company.
A rider is often available for an additional cost to guarantee set payments regardless of how long you and your spouse (if elected) live. Or, get lifetime income through annuitization at no additional cost.
At the end of each term, earnings are credited; at that point, they may be affected by negative index performance. Earnings can, however, be limited by the policy’s spread or cap rates. Some carriers may offer a feature that allows you to take advantage of index highs during your term.
You can pass assets to beneficiaries and avoid costly probate. Optional riders, available for an additional cost, can enhance the amount your beneficiaries may receive.
Most companies offer spousal continuation only upon the first spouse’s death and don’t pay a death benefit out until the second spouse passes. However, some carriers do offer a joint option that may cover the death of either spouse upon the first passing.
Growth potential can be achieved through the performance of the index or a fixed interest rate earned on the fixed account — or a combination of the two. Your investment professional can help you find the best combination for you.
Process for getting an annuity
During your initial phone call, I will ask you questions to understand your financial goals and objectives.
After looking at your entire financial picture, I will provide you with suggestions to fill in the gaps so you can choose the products best suited for your situation.
If you’re satisfied with my recommendations, I will work with you to secure the products and services to help ensure your financial future.
I will work with you over time through periodic reviews to help you monitor the strategies in place, and their capacity to continuously meet your goals.
Contact us
Monday through Friday
8:30 AM to 4:00 PM
2033 Main Street
Suite 103
Sarasota, FL 34237
Monday through Friday
8:30 AM to 4:00 PM
1 South School Avenue
Suite 501
Sarasota, FL 34237
All written content on this site is for information purposes only. Opinions expressed herein are solely those of Gulf Coast Insurance Group and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual financial professional prior to implementation. Insurance products and services are offered through Gulf Coast Insurance Group and J Guy LaBelle and are not affiliated with or endorsed by the Social Security Administration or any other government agency. This content is for informational purposes only and should not be used to make any financial decisions. Exclusive rights to this material belongs to Gulf Coast Insurance Group. Unauthorized use of the material is prohibited.
Single Premium deferred annuity rates are guaranteed for the full term of 5,6,7 or 10 years. Should you choose to continue the annuity after the initial term, new guaranteed rates will be declared, and the minimum rate guarantee is 1.00% for contracts issued in 2022. Guaranteed rate drops 1% after the first year Credited rates effective 9/12/2022 and are subject to change without notice. Interest is credited daily on the Initial Purchase Premium, less withdrawals that exceed the cumulative amount of interest credited. Quoted rates do not reflect optional liquidity riders. If you choose to add any of the available liquidity riders the interest rate will be reduced accordingly. Early withdrawals may be subject to Surrender Charges and Market Value Adjustments. The IRS may impose penalties for early withdrawals from qualified plans. Contracts issued by Atlantic Coast life Insurance Company. Not FDIC insured. Rates vary by state. ACLHARPRE-FL 090722
Maximum Surrender Charges: Issue age 60-90
