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Guaranteed Return Annuities (GRAs)
Annuity Information
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Annuity Information
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What is a Guaranteed Return Annuity (GRA)?
A GRA is an account you
establish with an insurance company in which your money accumulates and
compounds free from current income tax.
With a GRA, You Gain Enormous
Tax Control
You pay taxes only when you
choose to receive payments, and then only on your earnings. When you're
ready to spend the accumulated funds, the insurance company will pay you
a lump sum or can guarantee you a lifetime of income (or income for a
specified number of years) on a tax-advantaged basis. You choose when to
take the income and when to pay the taxes - and do not before you need
to.
How GRAs Work
Once you start your GRA (with
one or several payments), there is an accumulation phase where your
funds grow free of all income taxes, and then a "payout" or spend phase
which you can select at any time. Your earnings are taxed only when they
are withdrawn, and your original after-tax principle is returned to you
tax-free.
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What Other
Advantages Do GRAs Offer?
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A High Degree of Safety -
GRAs are offered exclusively by Legal Reserve life insurance
companies, many of which have been in business over 100 years and
have billions of dollars in assets. As an added plus, with GRAs,
you're able to know the relative financial standing of any insurance
company you invest with. That's because the insurance industry is
constantly reviewed by large, independent and nationally respected
rating services such as Standard & Poor's, Moody's, A.M. Best
Company, Duff & Phelps, Weiss Research and others.
No Stock Market Risk - Unlike stocks, bonds, mutual
funds, and other fluctuating investments, a GRA offers you
competitive, fixed yields - without stock market risk! Your interest
rate is locked in and guaranteed by the insurance company. Depending
on the annuity you choose, you can select interest rate guarantee
periods from one to ten years. |
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No Loads -
100% of your money goes to work for you immediately with the GRA
because there are no front-end loads or initial sale charges.
No 1099s -
Receive one less 1099 form each year
during the accumulation period due to tax-deferred growth of your
earnings with a GRA. You can avoid the enormous annual tax bite
you're currently being hit with (as much as 30-40% annually) with
taxable investments.
No Social Security Offset - Earnings from a GRA during
accumulation do not offset your Social Security benefits as is the
case with bonds, CDs, and other investments. Yes, even the income
from your tax-exempt municipal bonds can offset your Social Security
benefits. And with up to 85% of your Social Security benefits
exposed to potential taxation, this is a benefit worthy of your
serious consideration. |
How Do GRAs Compare
To Certificates of Deposit?
While bank CDs carry FDIC insurance up to $100,000 and provide a fixed
rate of return, GRAs give you essentially the same benefits of CDs, with
the exception of government insurance.
In a GRA, your returns are guaranteed by the issuing insurance... your
hard-earned capital is free from stock market risk... there are
comparable penalties for early withdrawals... and so on. However, the
GRA offers you a lot more!
When you take the time to understand a few simple things about GRAs and
how they're different from CDs, you'll see how they can make a dramatic
difference in your portfolio performance.
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