Annuity Plans
Explore the annuity options available through All Solution Plus. Understand how each type works, what you give up in exchange for a guarantee, and where the trade-offs sit — with a licensed agent to talk it through before you commit anything.
What an annuity actually does
An annuity is a contract with an insurance company. You hand over a sum of money, either in one payment or over time, and in return the insurer promises income — either starting now or at a date you choose. The appeal is simple: it is one of the few products that can pay for as long as you live, however long that turns out to be.
The trade-off is access. Your money is generally tied up for a set term, and taking it out early usually means surrender charges. Any guarantee is only as good as the insurer standing behind it, which is why the financial strength of the carrier matters more here than in almost any other product we place. A licensed agent can walk you through both sides before anything is signed.
Types of annuity
Annuities differ mainly in how interest is credited and when income starts. Which suits you depends on your time horizon, how much access you need, and how much market risk you are willing to carry.
Multi-year guaranteed
A set interest rate locked for a fixed term, often three to ten years. The closest thing to a CD in annuity form, and the easiest to compare like for like.
Fixed annuity
Earns a declared rate set by the insurer, which can change after any initial guarantee period. Principal is protected against market loss.
Fixed indexed
Interest is credited based on the movement of an index, subject to caps or participation rates. You do not lose principal to market falls, but upside is limited.
Immediate income
A single premium converted straight into a stream of income, usually within a year. Simple, and generally irreversible once it starts.
Deferred income
You pay now and income begins at a future date you choose. Later start dates buy larger payments.
Variable annuity
Returns depend on underlying investment sub-accounts, so value can fall as well as rise. These are securities and require a prospectus and a registered representative.
What you will find on every carrier page
Each annuity carrier we work with has its own page collecting the practical details clients ask for most.
Policyholder portal
Check your contract value, view statements, and update beneficiaries with the issuing carrier.
Contributions & payments
Links to make an additional premium payment or set up scheduled contributions where the contract allows.
Carrier phone support
Direct numbers for annuity service teams, who handle different queries from the health side.
Contract documents
Your contract, rate sheets, and the surrender charge schedule — the page worth reading twice.
Common questions
Is my money locked up?
Largely, yes, for the surrender period. Most contracts allow a penalty-free withdrawal each year, commonly around 10 percent, but taking more than that during the surrender period triggers charges. Read the surrender schedule before you sign.
Are annuities guaranteed or insured?
Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. They are not FDIC insured and not bank deposits. State guaranty associations provide limited backstops that vary by state.
How are annuities taxed?
Growth is generally tax-deferred until withdrawal, and withdrawals of gains are taxed as ordinary income rather than capital gains. Withdrawals before age 59 and a half may carry an additional federal penalty. We are not tax advisers, so speak with yours.
What does an annuity cost?
Fixed and indexed annuities usually carry no explicit annual fee, with the insurer earning on the spread. Variable annuities and optional riders such as guaranteed income benefits do carry ongoing charges, disclosed in the contract and prospectus.
Can I change my mind?
Every state gives a free-look period, commonly ten to thirty days, during which you can cancel and get your premium back. After that, surrender charges apply.
Want to know whether an annuity fits your plan?
Tell us your timeline, what other retirement income you expect, and how much access you need to the money. A licensed agent will explain which contract types are worth considering — and when the answer is none of them.
All Solution Plus is a licensed insurance agency. Annuities are long-term retirement products and are not suitable for everyone. Guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company; annuities are not bank deposits, are not FDIC or NCUA insured, and are not guaranteed by any federal government agency. Withdrawals may be subject to surrender charges and, if taken before age 59½, an additional federal tax penalty. Product availability, rates, riders and features vary by state and carrier. Variable annuities are securities, are offered only by prospectus through a registered representative, and may lose value. This page is general information, not investment, tax or legal advice — please consult your own tax or legal adviser.