BALL INSURANCE AGENCY
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What is an Annuity?

Annuities are contractually-executed, relatively low-risk investment products; the insured (usually, an individual) pays a life insurance company a lump-sum premium at the start of the contract. That money is to be paid back to the insured in fixed, incremental amounts, over some future time period (predetermined by the insured). The insurer invests the premium; the resulting profit/return on investment fund the payments received by the insured, and, compensate the insurer. 

Conventional annuity contracts provide a predictable, guaranteed stream of future income (e.g., for retirement) until the death(s) of the beneficiaries(s) named in the contract, or, until a future termination date – whichever occurs first. These financial instruments have been used to accumulate funds and provide significant and sudden increases in personal income (via future, lump-sum withdrawals), all while legally avoiding the taxes (e.g., income-, capital gains-, estate-) that would otherwise be assessed on them.

Immediate Annuities vs. Deferred Annuities

An Immediate Annuity is an insurance policy which, in exchange for a sum of money, guarantees that the issuer will make a series of payments. These payments may be either level or increasing periodic payments for a fixed term of years or until the ending of a life or two lives, or even whichever is longer.

A Deferred Annuity is a contract that is chiefly a vehicle for accumulating savings with a view to eventually distribute them either in the manner of an immediate annuity or as a lump-sum payment

Contact us to learn more about the right annuity for you.
Annuity Quote
Annuities provide guaranteed income for life

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Ball Insurance Agency
132 S Elk St
Sandusky, MI 48471
(810) 648-3033
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  • Home
  • Quotes
    • Auto Quotes >
      • Auto Insurance Quote
      • Boat Insurance Quote
      • Motorcycle Quote
      • ATV/UTV Insurance Quote
      • Classic Car Insurance Quote
      • RV Insurance Quote
    • Property Quotes >
      • Home Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
      • Flood Insurance Quote
    • Life & Umbrella Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Umbrella Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Other Quotes
  • Service
    • New Policy Request
    • Policy Review
    • Make a Payment
    • Policy Changes
  • Insurance
    • Vehicles >
      • Auto Insurance
      • Motorcycle Insurance
      • Boat Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Roadside Assistance
      • RV Insurance
    • Property >
      • Home Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Workers Compensation
    • Life/Umbrella >
      • Life Insurance
      • Annuities
      • Umbrella Insurance
    • Event Insurance
  • About
    • Meet Our Staff
    • Insurance Carriers
  • Contact