A fixed annuity is a tax deferred savings plan with a death benefit offered by an insurance company. It's a way to accumulate money over a long period of time, not pay taxes on it until you withdraw it and leave any unused portion to a survivor.

An annuity can be non-qualified, funded with personal savings or qualified or funded with pre-tax dollars. Once you are ready to use the money you've accumulated, it's available in a lump sum or a variety of payout options, including a steady income guaranteed for life. In most instances under a non-qualified annuity, part of the income you receive is non-taxable, since it is a return of principal. In the event of death, if a beneficiary has been designated, the remaining amount bypasses probate without any court costs, delay or publicity.

AAA Insurance Agency offers tax deferred annuity products underwritten by several top rated insurance companies. Some of the special features these products offer include:

• Competitive interest rates
• Safety of principal backed by the financial strength of the Insurance Company
• Withdrawal privileges of interest earned or accumulated value
• Minimum guaranteed interest
• Flexible contribution terms

Our agency's representatives are available to help members gain more knowledge about Annuities and their many benefits. For more information call 1-800-333-4242.