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Annuities in Middletown DE & Newark DE

Keep Your Financial Resources Protected.

PeopleFirst Insurance understands the value of saving for and investing in your future. If you’re like many Americans, you work diligently each day and take the right steps to ensure that you’ll be supported with a comfortable income after you retire. That’s why it’s smart to have the right coverage options under your retirement plan because in some cases, you can actually outlive your income.

The last thing you’ll want to experience as a retiree is a loss of your financial resources. With an Annuity from PeopleFirst Insurance, you can ensure that your finances are covered – for a healthy and happy retirement. Annuities are essentially investments that guarantee a steady income stream. Based on your plan, you can receive money either on a set schedule or in a lump sum.

Types of Annuities

PeopleFirst Insurance can offer two types of Annuities: Deferred and Immediate Annuities.

Deferred Annuities are investments that you make either over a period of time or all at once. Since these Annuities are tax-deferred, you only have to start paying taxes upon withdrawal. Deferred Annuities are either fixed or variable, meaning your payout is either a fixed sum or an amount in accordance to the performance of the market/group of investments.

Immediate Annuities are payments that you can receive right after you make your investment. This type of Annuity is typically for those around the retirement age who want to secure their financial future. Like Deferred Annuities, you only pay taxes upon withdrawal.

Understand Your Investments

An annuity is a long-term, tax-deferred investment designed for retirement. With an annuity, you can create a fixed or variable stream of income. The annuity’s value and growth will vary based on how the investments you choose to fund the annuity (underlying investments) perform.

Just like other types of investments, an annuity has limitations. If you take your money out early, you may have to pay fees called surrender charges. You’ll have to pay income tax on the withdrawal, and if you’re not yet 59½ years old, you may also have to pay a 10% tax penalty. If you do take an early withdrawal, it will reduce both the death benefit your beneficiaries receive and the cash value of the annuity.

An annuity is sold by an insurance company, and the annuity’s guarantees and protections are subject to that company’s ability to pay for them. However, this doesn’t apply to the underlying investments. The underlying investments are subject to market risk, so you could end up with less money than you invested.

An annuity is sold by prospectus, a document that describes the annuity’s objectives, risks, fees and charges. The cost of an annuity often includes mortality and expense charges, administrative fees, contract fees and the expense of the underlying investments. There are prospectuses for the annuity and the underlying investments that fund the annuity. It may take some time, but you should read the prospectuses carefully before investing.

It’s important to discuss your options with a specialist at PeopleFirst Insurance who is committed to helping you make the right decisions.

Before investing, understand that annuities are not insured by the FDIC, NCUSIF or any other federal government agency, and are not deposits or obligations of, guaranteed by, or insured by the depository institution where offered or any of affiliates. Annuities that involve investment risk may lose value. Guarantees and protections are subject to the claims paying ability of the issuing insurance company.

Our Location

PeopleFirst Insurance

5236 Summit Bridge Road
Middletown, DE 19709
Main office: 302-416-6830
Toll free: 866-285-6475
Fax: 888-229-0267

Our Providers

Testimonials

Best service around! PeopleFirst insures my business and personal needs with care and personalization every time. Vicki and Lisa have been great.

James, Wilmington, DE
I can't say enough good things about PeopleFirst Insurance. They found an amazing auto insurance rate for us when our last policy renewed at nearly twice its former premium. Linda has been wonderful helping me get a chip repaired in my windshield at no cost. Thanks, PeopleFirst, I love working with a local business that cares about its customers!

Kathleen T., Middletown, DE
I made the switch from AARP to your agency and am getting better coverage and I am saving money.

Dotty, Lewes, DE
PeopleFirst insurance is awesome!!! Saved me over $500 dollars on my car insurance!!!! Made it easy as can be and was really fast! A special thank you to the staff member who took my call, and patiently gave me all the time I needed to gather my information she needed and give it to her over the phone. Not to mention she gave me a call back WITHIN AN HOUR of the good news that I can save a fourth of what I used to pay! Thank you guys so much for the help!!!

Sara K., Northvale, NJ
Your Agency takes care of me. The rates are reasonable and the Customer Service is excellent. Linda is a wonderful person to deal with.

Iphdeller, Middletown, DE