At Kobrin Financial & Insurance Services, we specialize in annuities as a key component in retirement planning by introducing to our clients a new program referred to as a Lifetime Income Annuity.
In simple form, you are committing your funds for a period of time in exchange for certain returns and upfront bonuses*. These funds can be what we call "qualified" referring to pre-tax or retirement dollars or "non-qualified" referring to post-tax dollars. With each passing year, which we refer to as the "deferral period," the company will automatically increase an Income Benefit Account by a contractual stated percent, providing that you purchase the income rider offered by the insurance company.
* Bonus annuities may carry higher fees and charges than annuities without the bonus feature, and may not pay the bonus in case of early withdrawal.
Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
When your annuity contract is issued, an income benefit account value is established and serves as the basis for determining the amount of income available for future withdrawals or income you are eligible to receive at an attained age. This is referred to as the Income Benefit Account Value.*
The Income Benefit Account Value increases at an annual rate as stated by the annuity contract for a specific period of time.**
**Annuity contracts rely on the financial strength and claims-paying ability of the issuing insurance company and are not offered by Global Financial Private Capital. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by carrier. Annuities are NOT FDIC insured.
Client elects to begin lifetime income stream. The payout percentage is determined by the annuitant’s age. The owner maintains control on when to exercise the withdrawals and how often these withdrawals are taken (i.e. monthly, quarterly, etc.) These payments are treated as ordinary income and can be withdrawn with or without taxes held.
All income riders that are presented through Kobrin Financial have spousal continuation, allowing the spouse to continue income payments for a specific period of time or for his/her lifetime, depending on the income rider chosen.
See below for annuity information about specific companies:
You can contact us at 707.566.6775 or email us to set up an appointment to personally discuss the annuity options best suited to your particular financial planning needs.
Note: (Clicking on a company's logo will open their website in a new browser window. You may need to deactivate your browser's pop-up blocker for this feature to function correctly.)
*These products may not be distributed without the other.
By contacting us you may be offered insurance and/or investment products for sale.