Copyright 2013 - Affordable Insurance Solutions, LLC - 3604 Fernandina Rd Columbia, SC 29210 - 803-798-5754
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**The information, pictures, and other content in this website about particular insurance services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.
We offer innovative fixed annuity products and equity index annuity products. An annuity offers unique
benefits such as tax deferral, flexible payout options and can also help to dramatically reduce the chances
of outliving your savings
An annuity can provide you with a guaranteed lifetime income regardless of how long you live. Guarantees
are limited to the claims-paying ability of the issuer.
Unlike other tax-advantaged investments such as IRAs, you can contribute an unlimited amount of money
to an annuity during the year, whether in periodic installments or a lump sum. Individual insurance carriers
may place a ceiling on the total amount you can put into an annuity without approval.
Some annuities award investors with bonuses at the end of the annuity's first year such as extra interest
that further increases your investment. Bonus rate products may impose higher fees and charges and
longer surrender periods than contracts that do not provide the bonus feature.
Company pension or profit-sharing plan payouts may be reinvested without incurring current taxes or
No probate in case of death, as long as you specify beneficiaries.
Which means your family will find it easier and less costly to obtain the value of the annuity.
Shelter Investment Earnings
Retired people can use annuities to shelter investment earnings that would otherwise lead to taxation of
Social Security benefits.
Withdrawal & Early Withdrawal
At withdrawal Annuity holders pay a tax on the growth portion of the annuity on last in first out accounting
basis. If you are under 591/2 and need to pull your contributions out, the IRS will get 10% and, the contract
writer will ask for a "surrender charge" between 5 and 10%. Better writers have declining surrender fees at
lower percents, and allowances for 5-15% emergency withdrawals without penalties. You cannot borrow
against your contributions, but Uncle Sam will let you transfer the funds to another insurance company
without penalty (let your accountant handle this, if the check comes to you first you could be in trouble).
Affordable Insurance Solutions offers experienced annuity services throughout South Carolina, including
Fixed Annuity, Equity Indexed Annuity, Fixed Immediate Annuity, and others.
Fixed Tax Deferred Annuity
Fixed Immediate (Fixed Payment Annuity)
Equity Indexed Annuity