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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

Great American Life Insurance | New 84-24 Requirements Effective Feb 1

In December 2020, the Department of Labor (DOL) announced its interpretation of the five-part test to determine who is an investment advice fiduciary for ERISA plans and IRAs.

Nationwide | Peak 10 Monthly Newsletter

We’re excited to announce that e-app capabilities through FireLight will soon be available for Nationwide Peak 10.

Global Atlantic | Increase to Lifetime Withdrawal Percentages on Income 150+ SE

Income 150+ SE fixed index annuity Lifetime Withdrawal Percentages increase to take effect November 8, 2021.

American Equity | Catch up with American Equity

For the sixth quarter running, IncomeShield 10 is the #1 selling fixed index annuity with guaranteed lifetime income benefits. See why your peers have been making IncomeShield 10 #1 since 2020*.

What is the SECURE Act?

The SECURE Act, which was officially enacted on Jan. 1, 2020, is now the largest retirement reform to impact the economy since the Pension Protection Act of 2006.

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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