Guaranteed Yield Tax-Deferred Annuities
We always advise protecting and preserving the gifted portion of a Gifting/Medicaid Compliant Annuity Plan in the event that any potion of the gift should need to be returned to the Medicaid applicant. As a means to preserve the gift a Single Premium Tax-Deferred Annuity is a simple and convenient solution, in addition to providing your client with flexibility, safety, and attractive yields. Give your clients peace of mind by suggesting they place their gift into Single Premium Tax-Deferred Annuity.
Guaranteed Income
Only an annuity can guarantee an income that cannot be outlived. Only an insurance company can offer lifetime annuities.
Flexibility & Liquidity
An individual can begin a tax-deferred annuity with as little as $10,000. He or she will always have access to all the earned interest. Additionally, he or she may reclaim 15% of the premiums paid in one penalty-free withdrawal each year after the first anniversary.
Safety
The annuity is backed by all of the insurance company’s assets. An individual will never earn less than the guaranteed interest rate stated in the policy throughout the specified term of the annuity.
NOTE: Effective December 30th, 2009, the 12 month Tax-Deferred Annuity plans will be temporarily unavailable due to market conditions.
