An annuity is a contract between you and an insurance company, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date. Annuities typically offer tax-deferred growth of earnings and may include a death benefit that will pay your beneficiary a guaranteed minimum amount, such as your total purchase payments.

There are generally two types of annuities – fixed and variable. In a fixed annuity, the insurance company guarantees that you will earn a minimum rate of interest during the time that your account is growing. The insurance company also guarantees that the periodic payments will be a guaranteed amount per dollar in your account. These periodic payments may last for a definite period, such as 20 years, or an indefinite period, such as your lifetime or the lifetime of you and your spouse.

In a variable annuity, by contrast, you can choose to invest your purchase payments from among a range of different investment options, typically mutual funds. The rate of return on your purchase payments, and the amount of the periodic payments you will eventually receive, will vary depending on the performance of the investment options you have selected.

• Tax deferral on investment savings
• Protection from creditors
• An array of investment options
• Tax-free transfers among investment options
• Lifetime income
• Benefits to your heirs

Long term care insurance typically helps pay for the long term care services you need as the result of chronic disease, serious accident, sudden illness or cognitive impairment such as Alzheimer’s Disease that can limit a person’s ability to think.

Long term care services may be provided by a health care professional such as a home health aide, or other personal care providers such as family members and personal care attendants.

Varying amounts of care can take place in a variety of locations, ranging from a few hours of care per week at home to round-the-clock care in a nursing home.

We offer a full range of retirement plans tailored to individuals and small business.

• Traditional IRA
  Contributions are made on a tax deferred basis and are tax deductible subject to income limits. Earnings grow tax deferred until retirement. Withdrawals are treated as earnings and are taxed at your current income tax level.
• Roth IRA
  Contributions are made on an after-tax basis, and any earnings grow free of federal taxes. You will not receive a tax deduction now, but will not be taxed on the earnings later.

• 401(K) Plans
  A retirement plan that allows for employee contributions, larger employer contributions and more plan features.
• Simple-IRA
  A retirement plan for smaller businesses that allows employee contributions and a limited employer contributor.
• Sep-IRA
  A retirement plan funded by the employer for businesses of any size.