What Is an Annuity?
An annuity is a deal with an insurance company. You give them money now. They pay you back later. Many pay you each month after you retire.
An annuity is not life insurance. Life insurance pays your family when you die. An annuity pays you while you live.
An annuity is not a bank account. It is an insurance product. The federal insurance that guards bank deposits does not cover annuities.
Read this first. An annuity is a long-term deal. Only use money you will not need for years. Take money out early and you may pay a fee. It is called a surrender charge. This site teaches. It is not investment advice.
The Three Main Types
- Fixed annuities. The carrier promises a set interest rate. Slow and steady.
- Fixed indexed annuities. Growth links to a market index, with a floor that guards your principal when the index drops.
- Variable annuities. Your money rides the market. It can grow more — and it can lose value. I do not offer these.
Who You Will Talk To
Serge Sendji Augustin — licensed Florida insurance agent (FL License G231352, NPN 21565385), based in Ocoee. I am an insurance agent. I am not a financial advisor. I do not manage investments. I teach, I quote, and I tell the truth.
How I get paid: quotes are free. If you buy an annuity, the company pays me a fee. You never pay me directly.
Meet Your Agent
Serge Augustin — Licensed Florida Insurance Agent, FL License #G231352. I help Florida families get the coverage they need. No pressure, no jargon — just straight answers. Call me directly: (407) 434-9297.
Frequently Asked Questions
What is an annuity in one sentence?
It is a deal with an insurance company. You give them money now. They pay you back later, often each month in retirement.
Is an annuity life insurance?
No. Life insurance pays your family when you die. An annuity pays you while you live. Different products, different jobs.
Are annuities safe?
A fixed annuity is only as strong as the company behind it. No company is failure-proof. That is why I urge you to check the company's ratings.
Do you sell variable annuities?
No. I do not hold a securities license, so I do not offer them. This site explains them so you can spot the difference.
Is this site investment advice?
No. This site teaches. It does not tell you what to buy. Nothing here is investment advice.