OCBIS offers a complete line of deferred and immediate annuities from the top annuity companies throughout the country. Non-qualified deferred annuities are investments similar to bank CD’s and normally offer higher interest rates and tax deferral on the interest earnings. Tax-qualified deferred annuities are a great funding vehicle for traditional IRA’s, Roth IRA’s and 401(k) rollovers.
Single Premium Annuities (SPDA)– A single premium, often a rollover from a lower yielding bank CD is invested into the annuity. Many plans offer premium bonuses on the initial deposit of up to 10%. Interest rates may be guaranteed from one to ten years depending upon the particular product.
Flexible Premium Annuities (FPDA) – Ongoing premiums are deposited on a regular basis without the need for a new application for each deposit. Attractive for investors who want to make monthly or yearly contributions to save money for their future.
Multi-Year Guarantee Annuities (MYGA) – Offers a fixed guaranteed interest rate for periods of between five and 10 years. Most plans allow annual withdrawals of the interest earnings or up to 10% of the account value each year depending upon the particular plan selected.
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Fixed Index Annuities (FIA) – Interest crediting is linked to popular stock indexes such as the Standard & Poor’s 500 or the Dow 30 and offer the potential for a higher return that a “regular” annuity. These plans are not invested the underlying market and thus can never lose money in a particular year. Gains are based upon the index but gains are often limited by a “cap” or maximum rate that can be earned in any one year.
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Guaranteed Minimum Withdrawal Benefit Annuities – These plans offer a guaranteed annual gain in the income value of the annuity, often between 6%-10% for up to 20 years of deferral. At retirement, this income account can provide a fixed percentage of the income value for the lifetime of the annuitant.
Because products vary so much with bonuses, rollup rates, payout percentages, we have a new comparison program that shows which product is best suited to your individual clients needs.
Call us at 714-550-0159 for a detailed comparison!
Single Premium Immediate Annuities (SPIA) – Provide guaranteed income for the lifetime of the annuitant, similar to a pension plan, and is used primarily with IRA or 401(k) funds to provide retirement income. Income can cover a single life, both a husband and wife for their lifetimes, a specific period only or a combination of the two. SPIA’s must begin distributions with one year from the issuance of the policy.
Annuity rates can change several times a month so before quoting a particular rate to your client please confirm the rate with our Annuity Department prior to completing application paperwork.
Need a Quote? Email Kirk at email@example.com