Annuities offer different rates and returns and are sold through licensed agents of Insurance companies. Annuities have the primary advantages of tax deferral, avoidance of probate, a guaranteed income for a fixed period of time, or for life. An annuity with immediate payout begins right after it is purchased. A deferred payout means that the investor will receive payments at some later date. A fixed annuity offers a guaranteed return. In such cases the insurance company will pay you a fixed monthly amount for a certain period of time. An annuity with a variable return offers results that vary with the performance of the funds where the money is invested, for example stocks.

Annuities can be held in a retirement account through Trust Administration Services. Title to the annuity would be held in the name of your IRA account (First Regional Bank c/f Client Name) with the TRUST tax identification number.

Contact our Customer Service Department for help completing the insurance product transaction.