Annuities

AnnuitiesAn annuity is a financial investment product that is designed to provide options for income either immediately or in the future such as at retirement.  The two main features of annuities are tax deferral of returns and payment options such as guaranteed income for life, joint lives, or for a period certain.  Some combinations of the options are also available.  Annuities can prevent one of the most common retirement difficulties which is outliving one's financial resources.  Annuities are frequently used for IRA's, 401k transfers as well as lump sum contributions by non-qualified funds.

Annuities pay a rate of return by various means.  There are fixed rate, equity indexed, and variable annuities available.  Death benefit options are also available which can guarantee an amount to a beneficiary upon the death of the owner of the annuity.  Some options carry an extra charge inside the contract.  There is usually a surrender charge in annuity contracts which takes effect if the contract is cancelled within a specified period of time.

To determind if an annuity is suitable for your circumstances get the help of a financial professional who can evaluate your goals and objectives. 

For More Information you may call CSI at 256-543-7660 ext. 2202 or you may email Jim Houston. Click Here To Send Email


Community Services, Inc. is a subsidiary of Community Credit Union and has agents licensed and authorized to conduct insurance business in Alabama. This website is in no way to be construed as an offer for the sale of insurance in unauthorized states or countries. Insurance services offered through Community Services, Inc., a subsidiary of Community Credit Union.  Insurance products are not an obligation of or guaranteed by Community Credit Union.