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Annuity

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

Mutual of Omaha | Express – June 29th

A Weekly Update for Mutual of Omaha’s Brokerage Sales Distribution. June 29, 2022.

Americo | Platinum Assure Series Rates Are Increasing!

We are excited to announce that we are increasing rates on our new Platinum Assure Series product for guarantee periods 5, 6, and 7.

Americo | We’re Raising Annuity Rates!

Great news! Effective today, we have made positive rate adjustments to our Elite 5 and Ultimate One Index Series products.

Global Atlantic | Additional States adopt the revised NAIC Suitability Model

Additional states have adopted the National Association of Insurance Commissioners’ revised Suitability in Annuity Transactions model regulation, which aligns with the Securities and Exchange Commission’s Regulation Best Interest (REG BI).

Pacific Guardian Life | Diamond Head MYGA Update

Great News! PGL’s Diamond Head MYGA rates are increasing! Interest rate changes are effective as of June 13, 2022.

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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