Improve Your Return on Your Annuity
Many times people are sold annuities that benefit the agent rather than the client. Because Laurence Lof is a Certified Financial Planner (CFP®), we are a Fiduciary Firm. We are required to do what is best for you. We will analyze your situation and present you with options so that you can make an informed decision.
Multi-Year Guarantee Annuities (MYGA’s) are now earning over 5.00% guaranteed*. If you are earning 2.00% in an old annuity, it will take more than 13 years to equal what they could be making in five years at 5.00%.
5% and 2%
You would have to have over $117,900 earning 2.00% over five years to equal $100,000 earning 5.00% over five years.
Interest rates, caps, and participation rates have climbed dramatically over the last 12 months. If you have an older, underperforming annuity, we can help you find the right Fixed or Fixed Indexed Annuity solution.
The 1035 Exchange Process
- We will make the transfer process as painless as possible. We start by filling out an application to the new company.
- We also submit a 1035 exchange form which instructs your current annuity company to transfer the account balance to the new company.
- The 1035 transfer qualifies as a tex-free exchange so you don't have to pay taxes until you withdraw any of the account balance.
- If you pass away, your beneficiaries can extend the annuityover their lifetime- only having to take an annual payment based on their life expectancy.
What Our Clients Have to Say
*As of 6/12/2023. Verify all interest rates, state approvals and commissions. Changes may occur without notice.
