Insurance Annuities

What is an annuity?

In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments. Usually the term “annuity” relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company.

Types of annuities

There are many categories of annuities. They can be classified by:

Nature of the underlying investment - fixed or variable

Primary purpose - accumulation or pay-out

Nature of pay-out commitment

Tax status - qualified or non-qualified

Premium payment arrangement - single premium or flexible premium

An annuity can be classified in several of these categories at once. For example, you might buy a nonqualified single premium deferred variable annuity. Contact us for a more complete explanation of annuities and their features.

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Contact

Our offices are located in Chicago IL. However to ensure prompt service and reduce unsolicited spam email you should use the web form email method.  

If you need assistance selecting an appropriate benefit plan, completing the application process, or would like an in-depth analysis of your health and financial needs, then contact ....

John Mazur at : (312) 922-5550

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