Annuities in Valrico, FL
Guaranteed retirement income from 30+ Florida-licensed carriers, structured around your income needs, timeline and tax situation.
Guaranteed retirement income built to last a lifetime
An annuity is an insurance contract that turns a lump-sum payment into a guaranteed income stream, helping protect you from outliving your savings.
- Accumulation phase: your money grows tax-deferred
- Distribution phase: payments for set years or for life
- Access to over 30 annuity carriers
- Custom proposal at no cost or obligation
Which type of annuity is right for you?
Each structure fits a different income need, timeline and comfort level with the market.
Immediate annuity
Guaranteed income starts right after a lump-sum deposit from a settlement, pension rollover or savings.
Deferred annuity
Money grows tax-deferred until a date you choose, so you control when you pay taxes on earnings.
Fixed annuity
A guaranteed rate set by the insurer. Predictable and similar to a bank CD, with tax-deferred growth.
MYGA (multi-year guarantee)
Locks in a fixed rate for 3-10 years, with no exposure to market changes during the guarantee period.
Fixed indexed annuity (FIA)
Interest linked to an index like the S&P 500, while your principal stays protected if the market drops.
Deferred income annuity
Choose a future age for payments to begin and maximize growth first. Ideal if retirement is 10+ years away.
Know the withdrawal rules before you buy
Your contract sets when you can take money out without a charge. Here is what to expect during the surrender period.
- Surrender periods typically run 3-10 years after purchase
- Early withdrawal may trigger a surrender charge
- Most contracts allow 10% in penalty-free withdrawals each year
- Withdrawals before age 59½ may carry a 10% IRS penalty
Issued by some of the most regulated financial institutions in the country
Annuities come from legal reserve insurance companies. In Florida, the Life & Health Insurance Guaranty Association adds protection up to $250,000 per contract owner.
Income riders shape how you get paid
Riders guarantee a fixed income stream once the annuity activates. Terms vary by contract.
- 30+Annuity carriers compared for your proposal
- $63,220More a tax-deferred account can build over 25 years
- $250,000Florida guaranty protection per contract owner
- 15 minAbout how long a custom proposal takes, no obligation
Frequently asked questions
What's the difference between a fixed and a fixed indexed annuity?
A fixed annuity pays a set guaranteed interest rate each year. A fixed indexed annuity (FIA) credits interest based on a market index like the S&P 500, your principal is always protected, but you don't get 100% of market gains in exchange for that protection.
Can I lose money in an annuity?
In a fixed or fixed indexed annuity, your principal is protected from market loss. Early surrender charges may apply if you withdraw during the surrender period, but those are disclosed upfront at purchase.
When can I start receiving income from an annuity?
With an immediate annuity, payments can begin within 30 days of purchase. With a deferred annuity, you choose the start date, most commonly tied to a target retirement age.
What happens to my annuity if I pass away?
Most annuities allow you to name a beneficiary. Upon death, remaining account value or a death benefit passes to your beneficiary, often outside of probate.
Are annuity payments taxable?
The earnings portion of annuity withdrawals is taxed as ordinary income. If you funded the annuity with pre-tax dollars (e.g., IRA rollover), all withdrawals are fully taxable. Withdrawals before age 59½ also incur a 10% federal penalty in most cases.
How do I know which annuity is right for me?
The best annuity depends on your income needs, timeline, risk tolerance, and tax situation. Our licensed FishHawk Insurance Center specialists run a customized analysis across 30+ carriers at no cost or obligation.