Jay Gray has over ten years of guiding clients in the purchasing of Variable Annuities. He has multiple options from you to choose from because he represents the annuity products of multiple financial firms. This offers you the most flexibility and options. Jay is an independent agent who supports clients in Oceanside, Carlsbad, Vista and all communities in San Diego, Riverside and Orange Counties. Receive a free quote call Jay at 1-877-777-7055.
Variable Annuities
The variable annuity is a tax-advantaged investment product available from insurance companies, whereby the insurer agrees to make periodic payments to you beginning either immediately or at a future date. While the variable is a form of deferred annuity, they differ from the guarantees of fixed and equity indexed annuities in that their value depends on the market performance of investments held by the variable annuity you purchase. As a result, you could experience higher gains over traditional fixed annuities, CDs and savings plans, but your investment and principal could also be at risk from unforeseen market changes.
Variable annuity will vary depending on the performance of the investment options you choose. The investment options for a variable annuity are typically mutual funds that invest in stocks, bonds, money market instruments, or some combination of the three. Although variable annuities are typically invested in mutual funds, the annuity differs from other investments in several important ways:
• The insurance company invests your money into a separate account, made up of a number of different investment subaccounts. You specify how much of your annuity will be invested in each portion, providing you control of where the value in your contract will be invested. Depending on the limits of the investment divisions, you can be as aggressive or as conservative as you would like. This gives the variable annuity the potential for higher returns, but it also requires you to assume a great risk of loss.
• A variable annuity lets you receive periodic payments for the rest of your life (or the life of a person you designate), similar to that of an immediate annuity. This feature can offer protection against the possibility that you will outlive your assets after you retire.
• Variable annuities have a death benefit. If you die before the insurer has started making payments to you, your beneficiary is guaranteed to receive a specified amount – usually the amount of your original investment. Your beneficiary only gets this benefit if at the time of your death your account value is less than the guaranteed amount.
• Variable annuities are tax-deferred. That means you pay no taxes on the income and investment gains from your annuity until you withdraw your money. You may also transfer your money from one investment option to another within a variable annuity without paying tax at the time of the transfer. When you take your money out, you will be taxed on the earnings at ordinary income tax rates rather than lower capital gains rates.
We pride ourselves on our attentive service to our clients and our reputation for designing the best possible plan coverage. In fact we go so far as to guarantee no other agency can find you more comprehensive coverage for less premium.
Please feel free to contact us at 1-877-777-7055.
Just Us Insurance is located in Oceanside.
To assist you , our Agents offer in home appointments in
Oceanside, Carlsbad, Vista, San Marcos, Escondido, Temecula,
Murrieta, Santee, El Cajon, San Clement, Mission Viejo, and Big Bear Lake.
Just Us Insurance operates in San Diego, Riverside, Orange and San Bernardino Counties.
