• WHY ANNUITIES?

     

    The risk and rewards of stocks in your portfolio are known, especially the fear of losing money in a market crash and the satisfaction of making a lot of money. Many are not aware of alternatives that have a better risk profile.

     

    • Annuities offer both accumulation and lifetime income tax deferred options . Our recommended annuities have no downside risk. Scroll below for more information
    • Annuities are protected assets in many states, including the State of Florida. In Florida, annuities are unconditionally exempt from seizure by creditors or bankruptcy court, making it much safer than many alternatives.
    • If you have a LTC need, you can tap into your Cash value, if the rider is in place..

    For LIfe Insurance click here. For Long Term Care (LTC) click here. For Disability Insurance click here.

  • ANNUITIES - MYGAs, TRADITIONAL, VARIABLE & FIAs

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    ANNUITY BASICS

    • Annuities are like CDs – they are for a fixed period of time.
    • Gains are taxed annually for CDs and are deferred until maturity for Annuities.
    • Similar to CDs, surrender penalties can be high
    • Annuities offer both guaranteed returns (MYGA) and returns that can perform much better, but not guaranteed - (FIAs).
    • At the end of the accumulation period, the options are to either cash out, pay taxes on the gain or convert to income with a single premium immediate annuity (SPIA).
    • There is a lot more information that you need to be clear about, before you buy an annuity and the best way to do that is to set up a free consultation , so I may help find the best option to meet your needs. 
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    MULTI YEAR GUARANTEED ANNUITY (MYGA)

     

    • Offers multi year guaranteed interest, typically for 5 or 7 years;

    • Right now, as of Ocober 28, 2024, the rates have gone down and best rate for a top Carrier is 5% for either a 5 yr or a 7 yr MYGA.

    • Can be cashed out or converted to income (SPIA), when the term expires.

     

    • Tax deferred, but the gain is taxable when cashed out.

     

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    TRADITIONAL ANNUITY

     

    • Interest that is guaranteed one year at a time; it also has a minimum guaranteed rate.
    • Does well when interest rates are high and poorly when interest rates are low.
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    VARIABLE ANNUITY

     

    • A variable annuity is the riskiest form of an annuity.
    • Cash value fluctuates in accumulated value, depending on the performanceof financial markets such as the stock market and mutual funds.
    • It is generally accepted that costs are high and risks are similar to the stock market.

     

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    FIXED INDEX ANNUITY (FIA) 

     

    • FIAs are the modern form of variable Annuities, offering downside risk protection, less volatile performance, less cost and are not tied to stocks.
    • You are buying this product for the non- guaranteed upside gain potential; you will never lose money in a market crash or when the index becomes zero, as the point to point value is not allowed to go negative.
    • You are guaranteed to keep the money you earned prior to the zero floor event, if a zero floor event occurs.
    • FIAs provide downside protection for your 401K. I will be happy to talk to you about a direct rollover of your IRA. The accumulated fundss could be used for Long Term Care (LTC) with the LTC Rider included.
    • There is a lot more about indexes that I will be happy to explain in person.
    • This is an excellent modern product and I recommend taking a serious look at it. Contact Us.
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    HOW INDEXES WORK AND PROTECT DOWNSIDE RISK

    • Indexes are managed by major Banks, Investment Banks or Insurance Companies
    • You have control over performance by choosing which index to use at start of the contract and the end of each crediting period. All the Carriers I use, give you a choice of several indexes and even some exclusive index options.
    • The key feature of indexes is that they are designed to be less volatile than the market and they guarantee no loss if the market crashes
    • There are many facets to understanding how Indexes work. I will be happy to explain the details, in person.

  • WHY US?

    We promise to be a trust worthy provider. Integrity and honesty are key values

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    It will be a rational journey not an emotional journey.

    Many successful sales are 'emotional' sales where someone says 'imagine what would happen...'. Our sales are rational sales based on fact and information.

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    We will communicate when needed

    We will communicate as needed and regularly regarding items that need follow up, if you have a concern or claim.

     

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    YOU WILL HAVE A CHOICE OF MULTIPLE CARRIERS

    As an independent Insurance Agent, we provide access to the highest-rated carriers in the industry. We are committed to providing the best service and sales support to our clients

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    We will offer solutions that meet your needs

    This about you! We will find solutions that address your needs or point out a solution that will benefit you or your family. We do not say: fill in the form and we will quote you in minutes, as there may be better options for your needs and we would like to review those with you, prior to you making a decision.

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    No detail is too small

    Some products are complex and we recommend that you make an effort to understand the basics and impactful detail. We will be happy to spend the time to go over this with you, so you understand the pros and cons. Beware of the 'buzzword' sale where someone drops a buzzword and a number claiming their product is better, without making sure you understand what you're paying for in plain English. Many times the 'buzzword' product is not the right fit for you or your needs.

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    We will be transparent

    All solutions have Pros and Cons. We will do our best to point out both Pros and Cons, so you have the information needed to make an informed decision that's right for you.

  • ABOUT US

    Raj Nallathamby

    Raj is the owner and President of Ormond Annuity and Insurance Solutions, also known as ORMONDAIS. Raj completed an MBA at New York University (NYU). He worked for many years as a Vice President of financial systems and products at major Banks. He managed multimillion dollar budgets. During this time, he gained a sound knowledge of financial services, regulatory compliance, information security and risk management. He brings these skills and experience to his new business.

  • Contact Us

    We are licensed in the States of FL, CT and VT. For other states we need to get licensed prior to a consultation. Our main focus is the State of Florida. Let us know the best time to call. We do not share or sell your personal information. See here for our Privacy Policy. Insurance Companies are highly regulated and they all have Privacy Policies that include safeguarding your personal information. Email is below Phone (386) 347-0180. Our short name is ORMONDAIS. ORMOND A - I - S

  • Connect With Us

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    ormondais@outlook.com

    ormondais@outlook.com

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    (386) 347 0180

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    @ANNUITYINSLIFE

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