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.<\/p>\n
Single Premium Annuities (SPDA)<\/strong>\u2013 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.<\/p>\n Flexible Premium Annuities (FPDA)<\/strong> \u2013 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.<\/p>\n Multi-Year Guarantee Annuities (MYGA)<\/strong> \u2013 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.<\/p>\n For the top MYGA rates, click this link<\/a><\/span><\/strong><\/p>\n Fixed Index Annuities (FIA)<\/strong> \u2013 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.<\/p>\n