The major benefits of annuities lie in their stability, regardless of market volatility, with an added bonus of being tax-deferred. Our experienced annuity team take the complexity out of the process, and will guide you through the sales process from beginning to end. Himmelstein Financial only recommends the sale of products that are financially suitable for your clients. We work diligently to ensure that each case is handled with attention and care.


  • Fixed/Traditional Annuities are for individuals who desire a guarantee of their principal, and a fixed interest on their investment. Fixed annuities have very little risk, and are not subject to the fluctuations of the market. Annuities can also offer interest rates that are preferable than those offered by a savings account or other relatively conservative financial products.

  • Fixed-Indexed Annuities offer clients a little more reward on their money by being linked to market indexes such as the S&P or NASDAQ, without risking their principal. Retirees can receive interest based on the market’s growth while also receiving a guarantee that they will not lose any of their original principal.

  • Single Premium Immediate Annuities (SPIAs) are products that accept a lump-sum contribution, and then distribute a steady stream of income. SPIAs allow the client to specify the time period over which the annuity pays out, and the benefit is locked in at a guaranteed stream of income that cannot be outlived.

Rates can change week to week – So it is important to check in regularly for which carriers are making changes to the interest or the pay out they are offering.

There are contract limitations, fees, and charges associated with annuities, which can include mortality and expense risk charges, sales and surrender charges, investment management fees, administrative fees, and charges for optional benefits. Surrender charges may apply during the contract’s early years in the event that the contract owner surrenders the annuity. Variable annuities are not guaranteed by the FDIC or any other government agency; nor are they guaranteed or endorsed by any bank or savings association.

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