Annuities
C & A Financial Programs, Inc. puts you in control of
your financial future today by helping you, the annuity holder,
convert annual payments into a large lump sum payment.
C & A Financial Programs, Inc. will do all of the work
associated with purchasing your seller held annuity contract
at no extra cost to you. You will be quoted a net amount to
purchase your annuity contract. C & A Financial Programs,
Inc. will pay for all costs and expenses related to closing
the transaction.
If you have an annuity contract to sell, fill out our
Annuity Quote Form and send it and we will get the process
started, or call today and let our team of experts assist
you in finding the plan that is best for you!
An Annuity is a unique financial product
that provides tax deferral of interest and capital gains and
the option of a guaranteed monthly income which you can not
outlive.
Accumulation Period
During the accumulation period of an annuity
contract all premium payments are invested in either a fixed
account also known as a guaranteed account. Your principal
and the interest rate are guaranteed by the company. Interest
rates a usually guaranteed for one year however increasingly
guaranteed annuity rate are available for longer durations.
Distribution Period
During retirement funds can be withdrawn from
the contract and the owner has several options to chose from.
Withdrawals
Withdrawals may be made at any
time from the annuities contract, prior to retirement as well,
usually with a minimum dollar amount and at the option of
the owner.
Systematic Withdrawal Plan
A Systematic Withdrawal Plan enables
the owner to pre-authorized periodic withdrawals. The owners
of the annuity contract instructs the company to withdraw
a percentage or a level dollar amount from the contract on
a monthly, quarterly, semiannual, or annual basis. Checks
are sent directly to the owner or can be deposited directly
into the owners checking account.
Fixed Account
The owner of the annuity contract may transfer
all or part of the value of the annuity contract to the fixed
account, sometimes called the guaranteed account, and elect
to annuitize those funds. In essence the owner of the contract
for a fixed dollar amount, purchases a monthly income which
will be paid to him/her until death.
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