Annuity Solutions

Wealth Watch Partners can help you understand

At Wealth Watch Partners, we work with dozens of Carriers and each of them have multiple annuity solutions. You can rely on our experienced Annuity marketing professionals to help you choose the best annuity solution for your client. We spend the time researching and evaluating the top products so that you don’t have to.

The difference between many types of annuities

Keep in mind that our focus at Wealth Watch Partners is on FIAs, MYGAs and SPIAs. In order to sell VAs, an agent must obtain the appropriate licensing, as the sub-accounts within a VA are market-based and therefore subject to market risk.

Fixed-Indexed Annuity (FIA)

A type of tax-deferred insurance contract whose credited interest is linked to an equity index—typically the S&P 500 or other indices. This contract protects against a loss of principal due to market downturns, and it guarantees a minimum interest rate when held to the end of the surrender term. The insurance company that administers the annuity backs the contractual guarantees.

Multi-Year Guarantee Annuity (MYGA)

A fixed annuity that protects against a loss of principal and guarantees a declared rate of return over the life of the contract. MYGAs are conceptually similar to bank CDs in that they offer a fixed rate of return over a specified time period, typically between 1 and 10 years. The insurance company that administers the annuity backs the contractual guarantees.

Single Premium Immediate Annuity (SPIA)

An insurance policy that, in exchange for a single premium sum of money, guarantees the issuer will make a series of payments to the contract owner. These payments may either be level or increasing periodic payments for a fixed term of months and years, or for the life of the insured.

Variable Annuity (VA)

A Variable Annuity is an insurance contract that provides clients with growth or income potential based on how the annuity’s underlying securities perform. Typically the investments within a Variable Annuity are mutual funds, and therefore they are subject to gains or losses. VAs often contain many fees such as M&E (Mortality & Expense), Administration Costs, and Sub-Account fees. Additionally, there may be fees for optional Income Benefits or Death Benefits.