Annuities
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Annuities are contracts entered by insurance companies and policy holders designed to grow funds over a period of time. Depending on the type of annuity policy you buy into, your funds can be invested by an insurance company into a fixed-rate investment or by you, the policy holder, into any combination of stocks, bonds and other market-based investments. Bucks Montgomery Insurance Group offers a variety of annuity policies from a wide range of competing insurance companies. Whether you want to start receiving payments from your annuity shortly after beginning your deposits (immediate annuity) or wait for your money to accumulate interest (deferred annuity), we offer the variety of annuity products you deserve. 

Types of Annuities

A variable annuity is a long-term investment designed to create lifetime income in retirement. Investment returns will fluctuate depending on the choices you make and the principal value, when redeemed, may be worth more or less than the original investment. Withdrawals or surrenders may be subject to contingent deferred sales charges. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59 1/2, may be subject to an additional 10% federal income tax penalty. Withdrawals can reduce the living and death benefits and account value.

Variable Annuity

A variable annuity is a long-term investment designed to create lifetime income in retirement. Investment returns will fluctuate depending on the choices you make and the principal value, when redeemed, may be worth more or less than the original investment. Withdrawals or surrenders may be subject to contingent deferred sales charges. Withdrawals and distributions of taxable amounts are subject to ordinary income tax and, if made prior to age 59 1/2, may be subject to an additional 10% federal income tax penalty. Withdrawals can reduce the living and death benefits and account value.

Fixed Annuity

Under a fixed annuity policy, the insurance company is the party that takes the risk of investing the annuity funds. The insurance company will usually guarantee you a minimum rate of earned interest from your investment, and while these types of policies may not allow you to make larger returns, they are generally considered to be less risky for you, the policy holder. Since your interest payments are usually tax-deferred, annuities can be a more fruitful venture than merely placing your money into a taxable account.

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"I am extremely satisfied with the service that I have received from Bill Pellak and the whole team at Bucks Montgomery Insurance Group. Bill works very hard to look out for his clients."

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Mike S.

"I have been a client of BMI for 10+ years and the services they have provided have been stellar. Bill and his staff are conversant, courteous and professional!"

Mike B.

"The entire team at BMI have been terrific to work with. Always helpful and looking out for their clients best interest. They recommended Encompass Car Insurance and they could not have been more correct. My daughter recently had a car accident. In little to no time, an adjuster was assigned, a report written, and a reimbursement check sent for damages. Everyone was courteous and seemed to go out of their way to guide us through the process. Thank you BMI for all your hard work."

Marybeth M.

"I am extremely satisfied with the service that I have received from Bill Pellak and the whole team at Bucks Montgomery Insurance Group. Bill works very hard to look out for his clients and see to it that you get the best rates and favorable treatment from the insurance companies that he represents. I can (and have) unconditionally recommend his agency."

Stephan G.

"I've been doing business with Bill at BMI for over 10 years now and I couldn't be happier with his service! He and his staff are extremely courteous and professional! Very responsive anytime I need to talk with them. I highly recommend BMI for your insurance needs!"

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