If you own a CD, you probably purchased it for “safety” and you are most likely earning a fixed 2.00% to 3.00% annually. You are unable to participate in the stock market index increases and you cannot access your money without penalty until the CD expires. You may be searching for a financial vehicle which enables you to experience stock market-linked rewards with a minimum interest rate guarantee comparable to CD rates, annual penalty-free withdrawal privileges, flexible deposits and more.
Consumers Burnt By Stock Market
If you have suffered through down-market times, you are looking to rebound. You can have the opportunity to experience stock market-linked gains while being protected against the risk of stock market index losses.
Retirees Desiring to Defer Taxes
Retirees can take advantage of the power of tax deferral. With a tax deferred annuity, you do not have to pay taxes on interest earnings until you actually withdraw those earnings. Your money grows faster through tax deferred compounding than it can through a taxable accumulation vehicle.