Fixed Annuities

We offer innovative fixed annuity products that can help you accumulate savings for retirement or convert your retirement savings into a series of guaranteed income payments spread out over a specified period of time. An annuity offers unique benefits such as tax deferral, flexible payout options, penalty-free withdrawals, and can also help to dramatically reduce the chances of outliving your savings

Fixed Annuity Advantages

Guaranteed Income
An annuity can provide you with a guaranteed lifetime income regardless of how long you live. Guarantees are limited to the claims-paying ability of the issuer.

Unlimited Contributions
Unlike other tax-advantaged investments such as IRAs, you can contribute an unlimited amount of money to an annuity during the year, whether in periodic installments or a lump sum. Individual insurance carriers may place a ceiling on the total amount you can put into an annuity without approval.

Bonus Rates
Some annuities award investors with bonuses at the end of the annuity's first year such as extra interest that further increases your investment. Bonus rate products may impose higher fees and charges and longer surrender periods than contracts that do not provide the bonus feature.

No-Penalty Rollovers
Company pension or profit-sharing plan payouts may be reinvested without incurring current taxes or penalties.

New Penn Insurance Associates offers experienced annuity services, including Fixed Annuity, Fixed Immediate Annuity, and others. Click on one of the annuity types below to learn more.

Fixed Tax Deferred Annuity
Fixed Payment Annuity

Speak with one of our Annuity specialists at 800-927-7475 to discuss the features in detail.

Click here to receive more information or to request a quote.