What is an Annuity?Annuities are insurance products that provide a guaranteed stream of income with relatively low market risk as compared to most investment products. The individual annuitant pays a lump-sum premium to an insurance company on the effective date of the annuity insurance contract. The insurance company that issued the insurance annuity is contractually obligated to annuitize a sum of money on a monthly basis to the annuitant in fixed, incremental $$ amounts, over a defined period of time in the future, that was selected by the annuitant contract holder. The insurer invests the premium that will grow a sum of money, as a result of the profits/investment returns of the designated annuity fund(s) that will produce a guaranteed monthly income stream to the annuitant for a predetermined period of time selected by the annuitant.
Traditional annuity contracts provide a predictable, guaranteed stream of future income (e.g., for retirement) until the death(s) of the beneficiaries(s) named in the contract, or, until a future termination date – whichever occurs first. These financial instruments have been used to create wealth and a financial asset that will provide significant growth in personal income (gained from future, lump-sum withdrawals) and legally avoiding a tax burden, such as income tax, capital gains tax or estate tax that would traditionally be applied to investment, "market risk" based financial products. Immediate Annuities vs. Deferred AnnuitiesAn Immediate Annuity is an insurance policy which guarantees that the issuer will make a series of monthly payments, in exchange for a sum of money. These payments may be either level or increasing periodic payments for a fixed term of years or until the annuitant and/or beneficiary expire, whichever is longer.
A Deferred Annuity is an insurance contract that is designed to accumulate a sum of money for the benefit of the annuitant, with the accumulated sum of money to be annuitized or liquidated on a monthly or "lump sum" basis, at a "predefined" date certain in the future as selected by the annuitant. Please Contact us to schedule a conversation with a financial advisor who will listen to your financial objectives and needs for you and your family, securing certainty for you against the risks of financial harm as a result of "outliving" your income needs during retirement and the twilight years of your life. |
We are licensed in PA, NJ, DE, MD & NY
Navigation |
Connect With UsShare This Page |
Contact UsThe Miller Financial Group
550 Norristown Rd PO Box 506 Spring House, PA 19477 (215) 646-0550 Click Here to Email Us |
Location |
The Miller Financial Group is an independent insurance agency located in Spring House, PA. Our passion is to be advocates for individuals, households, businesses and the public sector and provide insurance and financial solutions that reduce risk and uncertainty. Managing risk and uncertainty demands an understanding of "how to" control and/or finance the possibility of direct and/or consequential "costs of financial loss" inherent in the lives of people, households, private business and the public sector. Emanating from the financial risks and uncertainty associated with human life, the ownership and use of property, negligent actions that cause harm to others, and the resulting consequential loss of income are all possible outcomes that are best managed with the purchase of a sound and affordable plan of insurance protection.
We are appreciative of your visit and inquiry to our agency’s website. It is not our intention to provide you with an immediate solution or offer of insurance but offer our visitors the opportunity to explore the potential cost & underwriting considerations for various household and small business insurance products and other financial solutions.
Upon the conclusion of your visit and inquiry about our agency, we are suggesting that you contact us and request a contact from one of our licensed insurance agents. We would be thrilled to begin a conversation with you to answer your questions and discuss the possible next steps in developing a sound plan that will protect your household or business against the risks of a potential financial loss due to a covered peril and resulting in the loss of human life, injury to workers, damage to your property, home, automobile, business, and financial harm as a result of death, disability, a long term care event or the prospects of outliving your income during your retirement years.
The Miller Financial Group does not guarantee that our agency will be successful with a favorable offer and solution. We will do our best to “listen and better understand” what is your objective and financial need, and take the best course of action that will lead you to the most cost effective and sound insurance and financial plan of protection.
We are appreciative of your visit and inquiry to our agency’s website. It is not our intention to provide you with an immediate solution or offer of insurance but offer our visitors the opportunity to explore the potential cost & underwriting considerations for various household and small business insurance products and other financial solutions.
Upon the conclusion of your visit and inquiry about our agency, we are suggesting that you contact us and request a contact from one of our licensed insurance agents. We would be thrilled to begin a conversation with you to answer your questions and discuss the possible next steps in developing a sound plan that will protect your household or business against the risks of a potential financial loss due to a covered peril and resulting in the loss of human life, injury to workers, damage to your property, home, automobile, business, and financial harm as a result of death, disability, a long term care event or the prospects of outliving your income during your retirement years.
The Miller Financial Group does not guarantee that our agency will be successful with a favorable offer and solution. We will do our best to “listen and better understand” what is your objective and financial need, and take the best course of action that will lead you to the most cost effective and sound insurance and financial plan of protection.
Website by InsuranceSplash