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    • ANNUITIES
    • LIFE INSURANCE
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(904) 805-9698

Carangue Financial Services
  • Home
  • ANNUITIES
  • LIFE INSURANCE
  • EDUCATIONAL

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What are Annuities?

Annuities are powerful financial tools that convert your savings into a predictable, dependable income stream—often guaranteed for life. They help remove the uncertainty of retirement by ensuring you won’t outlive your money and protecting your principal from market risks, while offering tax-deferred growth and flexible payout options. In short, annuities provide a disciplined, secure way to turn what you’ve built into lasting financial confidence.  In fixed and indexed annuities, the insurance company bears the primary risk. 

Insurance Companies Bear the Primary Risk

how annuities grow

Fixed Annuities

Variable Annuities

Indexed Annuities

Offers a guaranteed interest rate and predictable Income.

  • Traditional Fixed Annuity
  • Multi-Year Guaranteed Annuity (MYGA)


Indexed Annuities

Variable Annuities

Indexed Annuities

Returns linked to a market index, with downside protection and upsides using caps, participation rates and spreads.

  • Fixed Indexed Annuity (FIA)
  • Registered Index-Linked Annuity (RILA)



Variable Annuities

Variable Annuities

Variable Annuities

Returns depend on market investments, highest potential but full market risk.

When income start

Immediate Annuities

Immediate Annuities

Immediate Annuities

Begin paying stream of income shortly after a lump-sum investment.

Deferred Annuities

Immediate Annuities

Immediate Annuities

Income stream starts at a later time usually a couple of years after investment. 

Focus

Income Focused

Accumulation Focused

Accumulation Focused

Designed with enhanced income riders to maximize lifetime income payouts.  Includes features like roll-out rates for future income.

Accumulation Focused

Accumulation Focused

Accumulation Focused

Emphasize growth potential using more aggressive crediting strategies.  May have higher caps or participation rates.  Ideal for building value before turning on income.

annuity payout structure

Lifetime Annuities

Joint-Survivor Annuities

Term Certain Annuities

Pay income as long as you live. 

Term Certain Annuities

Joint-Survivor Annuities

Term Certain Annuities

Pay for a specific period (e.g. 10 or 20 years)

Joint-Survivor Annuities

Joint-Survivor Annuities

Joint-Survivor Annuities

Continue payments for two people, usually spouses. 

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(904) 805-9698

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