Fixed Annuities

Has your financial future been on your mind a lot lately? Have you developed a plan that includes your retirement and the financial status of your children?

Navigating the world of finance isn’t simple. It can also be stressful to figure out where and when you need to put your savings. But these types of questions must be asked (and answered) eventually. At Semmax Financial Group in Winston-Salem and Greensboro, North Carolina, we help people find the answers to these and many other questions about financial products. As financial professionals, we will help you balance your financial future.

One of the great financial products that we offer in Winston-Salem is fixed annuities. However, fixed annuities may be unfamiliar to most people. If you fit these criteria, we can help you. We’ll teach you about fixed annuities and help you decide if it is the right choice for you.

An annuity, similar to life insurance, is an agreement between a person and a financial organization. The owner of the annuity pays a premium that will, at a predetermined date, be returned back to the individual with the additional value of the investment. In addition, a fixed annuity comes with an interest rate that is “fixed” (for a certain period of time) when the investment is agreed upon. This gives the owner an option that is safe and predictable.

Included below are some of the great benefits of fixed annuities:

• Predictability – As an investor, you’re guaranteed* to get back what you have invested.
• Tax deferral – Fixed annuities are tax-deferred, which means this money will not be taxed until you withdraw your investment.
• Shelter from creditors – In most cases, creditors cannot touch annuity investments. Annuities are safe from probate** proceedings.

If you have any questions about fixed annuities or want to set up a consultation, please contact our office in Winston-Salem and Greensboro.

Insurance Products guarantees are subject to the financial strength and claims‐paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.

Semmax Financial Group does not provide legal advice. Consult with your legal professional prior to making any financial decisions for your personal situation.