Equitable fixed annuity rates

Equitable fixed annuity rates DEFAULT

SILAC Secure Savings Elite 2 Fixed Annuity

Taxes

Non-Qualified Annuity

Non-qualified funds are cash, checking, savings, life insurance cash value, etc. Only the interest you’ve earned will be taxed as ordinary income as you withdraw money.

Qualified Annuity

Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Both principal and interest will be taxed as ordinary income as you withdraw money.

Roth IRA Annuity

Withdrawals from Roth IRA annuities are tax-free as long as the IRS requirements are met.

Early-Withdrawals

If you withdraw money from your annuity before you turn age 59.5, you will receive a penalty of 10% plus ordinary income taxes from the IRS.

 

For more information:  How Are Annuities Taxed?

Silac Secure Savings Elite 2 Fixed Annuity (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Brochures

SILAC Secure Savings and Secure Savings Elite Fixed Annuity Brochure

Disclaimer*Brochures may vary by state.  For the most accurate information, please request info in the Request Quote form.

Silac Secure Savings Elite 2 Fixed Annuity (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

About Equitable Life and Casualty

Equitable Life and Casualty Insurance Company

SILAC Insurance Company
299 South Main Street #1100
Salt Lake City, Utah 84111
Policyholders: (800) 352-5150
Agents: (800) 352-5150

Financial Strength

  • A.M. Best: “B+” (Good)

 

Silac Secure Savings Elite 2 Fixed Annuity (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Why Buy This Fixed Annuity?

Silac Secure Savings Elite 2 Fixed Annuity (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Annuity Rates

The current fixed annuity rate is listed under the Additional Information tab.  You can also compare current annuity rates here.

Silac Secure Savings Elite 2 Fixed Annuity (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Are Annuities FDIC Insured?

Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).

Silac Secure Savings Elite 2 Fixed Annuity (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Sours: https://www.annuityexpertadvice.com/shop/annuity/fixed-annuity/equitable-secure-savings-elite-2/

The Structured Capital Strategies® Plus annuity is another version of the standard Structured Capital Strategies® annuity listed above. However, this contract offers stronger returns possibilities in concert with higher fund fees. Annuitants will save money on the variable investment option fee, though.

This contract's investment options are slightly less robust than the Series C contract, but it does add an optional return of premium death benefit for an extra fee. This benefit guarantees that your beneficiaries receive at least the value of your premium payment upon your death.

Fees

This contract comes with a standard variable investment option annual fee of 1.15%. In addition, you'll pay an annual operating expense fee for each fund you invest in, with these charges ranges from 0.71% to 1.00%. The contract's optional Return of Premium Death Benefit comes with a 0.20% annual fee.

You are allowed to withdraw up to 10% of your contract value annually before you're penalized. Should you surpass that amount, Equitable will charge you the following fee rates:

Withdrawal Fee Schedule
Year 1Year 2Year 3Year 4Year 5Year 6Year 7+
6%6%5%5%4%3%0%

The IRS charges a 10% income surtax to any annuitants that withdraw money from their account prior to turning 59.5 years old.

Realistic Return Expectations

Variable annuities offer returns that are just that: variable. That you means you could lose or gain money depending on the market performance associated with the funds you invest in. As a result of this, it's essentially impossible to gauge what kinds of returns you might garner. Either way, tax deferral will be a major benefit for growth.

Sours: https://smartasset.com/retirement/axa-annuities-review
  1. Under armour blue logo
  2. Long and foster lynchburg
  3. Relic tour schedule 2016

Help build a bigger nest egg with annuities

Annuities are one of the most popular investment products available today. One reason annuities are attractive is that they can accumulate value over time.

By providing potential growth that is tax deferred, an annuity's investment earnings can accumulate and compound untouched by federal, state, or local income taxes until you begin making withdrawals, which is usually after retirement. Keep in mind that withdrawals made before age 59½ are taxed as ordinary income and may be subject to a 10% federal penalty. There are different types of annuities and they can be classified in a number of ways. For example, fixed annuities guarantee* a certain rate of return for some specified period of time.

Variable annuities offer a choice of underlying investment options. These may include fixed accounts, which can help protect principal from market risk, and variable investment accounts in stock and bond portfolios. The value of a variable annuity is not guaranteed and will vary according to the performance of the investments in the underlying investment options.

Together, tax deferral and investment options make annuities attractive to people who are investing to supplement future retirement benefits and to retirees who want greater control over their income and the flexibility to continue deferring taxes on investment earnings.

* Guarantees are backed by the claims-paying ability of the issuing company.

What are annuities?

Annuities are essentially contracts in which payments are made to an issuing insurance company which agrees to pay out an income or a lump sum amount at a later date. Until the 1970s, most annuities were sold through insurance companies and offered only a fixed amount to be paid out. Annuities today are sold through banks and insurance companies and are much more flexible. They may include both fixed accounts and potentially higher-returning variable investment options.

Money is accumulated in an annuity through contributions and investment earnings.

You should fully investigate the insurance company's stability and financial strength through an independent agency, such as Moody's, or Standard & Poor's, before committing to a contract.

Deferring current taxes may help build value

The power of tax-deferred growth can be substantial compared with a comparable taxable investment. Compared with other tax-deferred accounts, such as IRAs or 401(k)s, you have much greater control over the income generated from your annuity. The same 10% federal tax penalty that applies to early withdrawals from retirement accounts also applies to annuity withdrawals made before age 59½. Early withdrawals are also taxed as ordinary income. In some instances you may be able to defer making withdrawals until several years past retirement. (Check your policy for details.)

Annuities: a range of benefits

  • You can make a single contribution or a series of payments over time.
  • You generally can contribute any amount, regardless of your income level or sources of income. Check your policy for details.
  • When you begin making withdrawals, you can choose from different payout methods, depending on your contract provisions, including a fixed amount for life for you and/or your spouse, or payments to your beneficiaries or heirs.
  • Payout methods may include insurance features, which guarantee payment of an amount defined in your contract to your designated beneficiaries if you die before withdrawals begin. In most cases this payment does not have to pass through probate.
  • They generally allow unlimited after-tax contributions, whether you have earned income or not, and your contributions can continue even after retirement.
  • At withdrawal, only the investment earnings on your annuity contributions are taxable.

Help maximize the value of your annuity

Fees charged for annuities are similar to those on other investments, but with additional expenses of insuring the total value of premiums paid. In choosing an annuity, you may want to compare both annual expenses and insurance charges as well as sales charges. Many annuities collect a surrender charge if the contract is canceled prematurely. But if you plan to use your annuity as a long-term investment, you'll likely be more concerned with front-end sales loads and annual contract charges than surrender fees.

Choose an annuity that offers a variety of investment options

Many experts suggest that individuals in their 30s or 40s concentrate their long-term investments in stocks, which provide the greatest potential for long-term capital appreciation over time. Of course, these investments also carry higher risk. You might also want to diversify your investments to help reduce investment risk. As your lifestyle changes or your financial needs change, you will want the flexibility to rearrange your investments to keep in step with your situation. Look for annuities with no-fee exchanges and a variety of investment options.

Dollar cost averaging could boost long-term return potential

That is, by investing the same amount at regular intervals, you essentially buy more when prices are low and less when prices are high. This may help manage some of the normal fluctuations of the stock markets over the years. Dollar cost averaging does not assure a profit or protect against a loss in declining markets. Because such a strategy involves periodic investments, you should consider your financial ability and willingness to continue purchases through periods of low price levels.

Increase the potential return on aggressive investments

Even though the maximum federal capital gains tax rate is well below the top income tax rates, you may still benefit by deferring current taxes on your long-term capital gains until you make withdrawals.

Enjoy the benefits of asset allocation

Spreading your money among different types of investments has been a strategy used to potentially lower your investment risk. Annuities offer opportunities to diversify among fixed account and variable investments, thereby helping you manage your risk while still allowing you to potentially benefit from higher returns.

Use annuities to pass money along to heirs quickly

Annuities can offer a number of advantages in estate planning. For example, if you designate family members as beneficiaries to the annuity, your loved ones will (in most cases) receive the insurance benefit directly, without having to wait for your estate to be settled. If your spouse is named beneficiary, he or she may even be able to keep the annuity in place and continue tax deferral on any investment earnings if you die prior to annuitization.

Choose fixed or variable investment options

With little risk to principal, fixed annuities offer a stated rate of return for a specified period of time. Variable annuities include a variety of investments that may offer higher potential for return with a higher risk to principal due to market fluctuation.

Variable investment choices can include:

  • Equity fund account – common stocks
  • Fixed-income fund account – bonds, preferred stocks
  • Balanced fund account – stocks and bonds
  • Money market fund* account – bonds and notes
  • Fixed-rate account – no risk to principal; bonds and notes

    *Not FDIC Insured

Building your nest egg: cost vs. benefits

An annuity can be an excellent investment vehicle if you are able to forego use of the money for several years. Annuities also offer unlimited contributions, and seek the protection of principal on fixed accounts and the potential to earn higher rates of return on your investments in variable accounts. Annuities may also entail higher fees and expenses than some other investment vehicles, in part due to the insurance feature annuities provide.

Annuities today are flexible investment vehicles that can be used to help meet a variety of financial needs. If you have been investing in other types of investments, a variable annuity might be the next logical step for a portion of your personal retirement savings plan. Whatever your financial plans for the future, an annuity can help you build a nest egg that will be ready when you are.

Your financial professional can provide more information and help you determine if there's an annuity that's appropriate for your portfolio.

Sours: https://equitable.com/retirement/articles/build-bigger-nest-egg-with-annuities

Retirement Cornerstone® Rates Page

IMPORTANT NOTE

As a reminder, this information is not intended as, and does not constitute, investment advice. Your needs, goals, circumstances and tolerance for investment risk are unique to you, and you should work with your financial professional and consider these together before deciding whether any of the annuity product discussed here or any other particular financial product or service is right for you.

A deferred variable annuity, such as Retirement Cornerstone®, is a long-term financial product designed for retirement purposes. It is a contractual agreement in which payment(s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date. Variable annuity contracts offer tax-deferred growth potential and optional features such as living and death benefits. Guarantees are based on the claims-paying ability of the issuing company.

Withdrawals from an annuity contract are taxable as ordinary income and, if made prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals may also be subject to withdrawal charges. Amounts invested in an annuity’s portfolios are subject to fluctuation in value and market risk, including loss of principal. There are fees and charges associated with a variable annuity contract, which include, but are not limited to, operations charges, sales and withdrawal charges, administrative fees, and additional charges for optional benefits. See the prospectus for complete details.

If you are purchasing an annuity contract to fund an Individual Retirement Annuity (IRA) or employer-sponsored retirement plan, you should be aware that such annuities do not provide tax-deferral benefits beyond those already provided by the Internal Revenue Code. Before purchasing one of these annuities, you should consider whether its features and benefits beyond tax deferral meet your needs and goals. You may also want to consider the relative features, benefits and costs of these annuities with any other investment that you may use in connection with your retirement plan or arrangement.

The contingent withdrawal charge declines from 7% over a seven-year period for the Series B product. Please see the prospectus for the withdrawal charge scale for other annuities in the Retirement Cornerstone® Series. This content is not a complete description of all material provisions of the variable annuity contract. The prospectus contains more complete information, including investment objectives, risks, charges, expenses, limitations and restrictions. Please read the prospectus and any applicable supplements and consider this information carefully before purchasing a contract.

There are certain contract limitations and restrictions associated with the Retirement Cornerstone® contract, which include, but are not limited to, a contract fee and additional charges for optional benefits. In addition, the underlying investment portfolios charge management fees and have other expenses. For costs and complete details of coverage, speak to your financial professional/insurance-licensed registered representative. Certain types of contracts, features and benefits may not be available in all jurisdictions. Equitable offers other variable annuity contracts with different fees, charges and features. Not every contract is available through the same selling broker/dealer. Equitable may discontinue contributions and transfers among investment options or make other changes in contribution and transfer requirements and limitations. If we discontinue contributions and transfers into the Protected Benefit Account, you will no longer be able to fund your guaranteed benefits.

Retirement Cornerstone® is a registered service mark of Equitable Financial Life Insurance Company, New York, NY 10104. Retirement Cornerstone® variable annuities are issued by Equitable Financial Life Insurance Company, New York, NY 10104. All contract and rider guarantees, including optional benefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the claims-paying ability of Equitable. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representations or guarantees regarding the claims paying ability of Equitable. This is not a complete description of the Retirement Cornerstone variable annuity contract.

The Retirement Cornerstone® variable annuity is issued by Equitable Financial Life Insurance Company (NY, NY). Co-distributors: Equitable Distributors, LLC and Equitable Advisors, LLC (members FINRA, SIPC), (Equitable Financial Advisors in MI & TN).

When distributed outside of New York State by Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI and TN) through Equitable Advisors Financial Professionals who do not have an office in New York State, Retirement Cornerstone® 19 is issued by Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with main administrative headquarters in Jersey City, NJ. When offered by Equitable Advisors Financial Professionals who do have an office in New York State or when distributed by Equitable Distributors, LLC through financial professionals of unaffiliated broker-dealers, Retirement Cornerstone® 19 is issued by Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY). The obligations of Equitable Financial Life Insurance Company and Equitable Financial Life Insurance Company of America are backed solely by their own claims-paying abilities.

Contract form #s: ICC12BASE4 and ICC12BASE3 and any state variations.

Sours: https://equitable.com/retirement/products/variable-annuities/retirement-cornerstone/rates

Rates equitable fixed annuity

Equitable Lets Cash Flow Out of Fixed-Rate Living Benefits Annuities: Earnings

Net results included a $12 million charge for credit losses on investments, calculated using the new Current Expected Credit Losses (CECL) accounting standard. The CECL standard requires a company that uses it to estimate how the value of credit losses on its bond holdings has changed and to include that change in its net results.

Adjusted operating income, which excludes the effects of mark-to-market accounting, fell to $20 million, from $26 million for the year-earlier quarter.

FBL’s annuity unit is reporting $12 million in pre-tax adjusted operating income on $55 million in revenue, compared with $16 million in pre-tax adjusted operating income on $53 million in revenue.

The annuity unit is reporting that commission spending fell to $421,000, from $514,000.

The number of direct annuity contracts provided fell to 50,948, from 52,519.

Here’s what happened to first-year payments into two types of annuities between the first quarter of 2019 and the latest quarter:

  • Traditional fixed Annuities: $5.4 million (down from $23 million)
  • Group annuities: $2.6 million (up from $1.8 million)

The West Des Moines, Iowa-based company’s life unit is reporting $10 million in pre-tax adjusted operating income on $107 million in revenue, which are about the same as the results the company reported for the first quarter of 2019.

At the life insurance unit, commission spending increased to $4.8 million, from $4.6 million.

The number of traditional life policies in force fell to 364,286, from 365,650.

The number of universal life policies in force increased to 73,508, from 70,494.

Here’s what happened to first-year premiums for some types of life products between the first quarter of 2019 and the latest quarter:

  • Universal life: $8.1 million (up from $5.8 million)
  • Whole life: $1.8 million (down from $2.6 million)
  • Term life and other: $2.8 million (up from $2.6 million)

Voya Financial Inc., New York (Stock symbol: VOYA)

Voya is reporting a $78 million net loss for the first quarter on $1.7 billion in revenue, compared with $74 million in net income on $1.8 billion in revenue for the first quarter of 2019.

Net realized losses on investments increased to $233 million, from $12 million.

Manulife Financial Corp., Toronto (Stock symbol: TSX)

Manulife is reporting 1.3 billion in net income for the first quarter, in Canadian dollars, on 20 billion dollars in revenue, compared with 2.2 billion dollars in net income on 24 billion dollars revenue for the first quarter of 2019.

That’s the equivalent of $966 million in net income, in U.S. dollars, for the latest quarter, on $15 billion in revenue, compared with $1.6 billion in net income on $18 billion in revenue for the year-earlier quarter, based on an exchange rate of 1.341 Canadian dollars per U.S. dollar in the latest quarter, and 1.329 Canadian dollars per U.S. dollar for the year-earlier quarter.

The company’s U.S. operations are reporting $1.4 billion in net income for the latest quarter on $7.9 billion in revenue, up from $332 million in net income on $4.6 billion in revenue, thanks in part to gains in the estimated value of the derivatives the company uses to hedge against investment risk and other forms of risk.

— Read Earnings: Prudential, Genworth, CNO, RGA, Sun Lifeon ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on FacebookLinkedIn and Twitter.

Sours: https://www.thinkadvisor.com/2020/05/08/equitable-lets-cash-flow-out-of-fixed-rate-living-benefits-annuities-earnings/
Equitable Annuity Webinar 4/3/18

Will not. bullying her. - Okay.

Similar news:

Marina arched in an arc, twisting the head of the unfortunate deer who was unable to pull its horns out of the girl's. Suddenly steel grip. The deer twitched desperately in an attempt to escape, while simultaneously delivering his cock to the still inside girl even more pleasure from the powerfully beating body. Finally the orgasm subsided and Marina relaxed and released the unfortunate stag.



1817 1818 1819 1820 1821