Overview

There are two basic types of annuities; each is used for distinctly different reasons. Tax-Deferred Annuities are designed for long-term wealth accumulation, and Immediate Annuities are designed to provide current income.

Both Tax-Deferred and Immediate annuities provide fixed investment returns.

• Fixed Annuities – offer a guaranteed return provided the monies remain invested for the term of the contract. The rate may be adjusted, but it will never fall below a guaranteed minimum rate specified in the annuity contract.

To find out if an annuity is right for you, or to learn more about annuity contracts offered through Old Second contact us at 630-906-2000.