Annuities
Annuities refer to a regular stream of level payments, whose duration may be specific or indefinite. Marshall Young Insurance can offer you a series of annuities that assist you in providing for your financial security. Annuities can be an alternative to low yielding bank CDs or savings accounts and can be broken down into three basic types:
Single Premium Deferred Annuity (SPDA)
If you have $10,000 or more to invest, a Single Premium Deferred Annuity is an excellent choice. You may choose a guaranteed period of 3, 5, or 7 years. Depending on the amount of your deposit, bonus rates may be available.
Single Premium Immediate Annuity (SPIA)
The Single Premium Immediate Annuity is an excellent choice for someone who desires an immediate source of income. Income options include period certain, life annuity, life annuity with periods certain and joint and survivor annuity.
Flexible Premium Deferred Annuity (FPDA)
The Flexible Premium Deferred Annuity allows you to make scheduled or intermittent payments into a retirement savings plan that will be available when you need it. This plan can also be used as a non-qualified savings vehicle for retirement.










