What are Annuities?

Annuities are insurance contracts in which the company promises to pay a stream of income, either now or sometime in the future. Annuities can give clients the stability they are looking for during their retirement years. Annuity benefits include protection of principal from market volatility, fixed interest growth, tax deferral, and a predictable guaranteed lifetime stream of income.

The annuity landscape is ever evolving from regulatory change to company product changes. Pinnacle Financial services is here to help, from case analysis and design to comprehensive suitability evaluation.

Fixed Annuities

Interest is set by the insurance company for a period of time.

Immediate Annuities

With an immediate annuity, or SPIA, the insurance company will begin a guaranteed fixed income payment within a year from contract issue. The client can choose a guarantee lifetime payment, or typically a payment as short as 5 years, depending on their goals.

Fixed Index Annuities

Interest is credited based on the change of an index such as the S&P 500. Because your money is not actually invested in the index, there is never a risk of loss due to market fluctuations.

Annuity Resources and Tools

Quoting available on our Annuity product portfolio.

Annuity Carriers

Pinnacle works with a wide variety of carriers to help provide your clients with the best options available.

Annuity News

Fidelity & Guaranty Life Insurance | Annuity Rate Update

We are adjusting rates for our FG Guarantee-Platinum® 3, 5 and 7 multi-year guaranteed annuities (MYGA). New rates will be effective on December 14, 2023.

Athene | Rate update for Athene Products

We’re updating rates on Athene products. Rate grids with current and new rates can be found below. Visit Athene Connect for additional product information or to run an illustration.

Nationwide | SPIA Available in New York

On November 13, 2023, Nationwide® announced that our INCOME Promise Select immediate annuity reopened to new sales in the state of New York.

North American | Rates Increase Dec 12

Rates will increase on the following index annuities: NAC Control Xsm, Performance Chice 8, NAC Versa

MassMutual | Rates Are Decreasing

Rates are decreasing for the products below effective December 7, 2023. Purchase payments received on or after this date will receive the new rates.

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.