Companies

With rising inflation and on impending social security problem, the baby boomer generation has reason for concern regarding income planning.  Taking the proper approach with a concerned senior about their income planning strategy is paramount in the estate planning process.

Whether you are looking for a deferred annuity or an age rated SPIA, Brown, Brown & Gomberg/CPS will shop the annuity market for the most current products available and the competitive rates.  Below is a list of our preferred annuity carriers:

PLEASE CALL FOR SPECIFIC RATES ON AGE RATED SPIA'S. AS THEY TYPICALLY REQUIRED MEDICAL UNDERWRITING.

 

 

 

 

 

 

 

Forms

 

 

 

 

 

 

 

 

 

 

SPIA Quote

To acquire a quote for a SPIA, please complete the form below.  If you need to request an age rating, please contact us at (847) 965-4700 to discuss submitting medical records to us so we may shop the case for you.

 

First Annuitant
Name:
Gender:	Male Female
DOB or Age:	(DOB provides the most accurate quotes)
Second Annuitant
Name:
Gender:	Male Female
DOB or Age:	(DOB provides the most accurate quotes)
Type of SPIA:	Select One first choice second choice
Income Guarantee Options:	Select One 1 22 3 4
Length of Certain Period:	(year and months)
Solve for:	Select One 1 2 3 4
Amount of Deposit or Income Desired:	Deposit Income
Tax Status:	Qualified Non-Qualified
Non-Qualified Cost Basis:	(Required if exclusion ratio is requested)
Mode of Payment:	Select One 1 2 3 4
State:	(Where Application Will Be Signed)
Deposit Date:
Start Date:
Additional Comments:

Annuity Max Strategy

This Advanced planning strategy is for clients that have an overfunded retirement account for which they will not need and would like to pass on the maximize the amount possible to their heirs.  This strategy avoids the following pitfalls:

- Federal and estate tax combination that could decimate the IRA by up to 75%.

- Deferred annuities pose a similar problem due to a growing deferred taxable income.

- Generation skipping transfer tax if grandchildren are beneficiaries.

To Employ this strategy the following needs to happen:

Below is a link detailing the specifics of a client utilizing the annuity max strategy.