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Annuities in Pickerington OH & Canal Winchester OH

Keep Your Financial Resources Protected.

MMA Insurance understands the value of saving for and investing in your future. If you’re like many Americans, you work diligently each day and take the right steps to ensure that you’ll be supported with a comfortable income after you retire. That’s why it’s smart to have the right coverage options under your retirement plan because in some cases, you can actually outlive your income.

The last thing you’ll want to experience as a retiree is a loss of your financial resources. With an Annuity from MMA Insurance , you can ensure that your finances are covered – for a healthy and happy retirement. Annuities are essentially investments that guarantee a steady income stream. Based on your plan, you can receive money either on a set schedule or in a lump sum.

Types of Annuities

MMA Insurance can offer two types of Annuities: Deferred and Immediate Annuities.

Deferred Annuities are investments that you make either over a period of time or all at once. Since these Annuities are tax-deferred, you only have to start paying taxes upon withdrawal. Deferred Annuities are either fixed or variable, meaning your payout is either a fixed sum or an amount in accordance to the performance of the market/group of investments.

Immediate Annuities are payments that you can receive right after you make your investment. This type of Annuity is typically for those around the retirement age who want to secure their financial future. Like Deferred Annuities, you only pay taxes upon withdrawal.

Understand Your Investments

An annuity is a long-term, tax-deferred investment designed for retirement. With an annuity, you can create a fixed or variable stream of income. The annuity’s value and growth will vary based on how the investments you choose to fund the annuity (underlying investments) perform.

Just like other types of investments, an annuity has limitations. If you take your money out early, you may have to pay fees called surrender charges. You’ll have to pay income tax on the withdrawal, and if you’re not yet 59½ years old, you may also have to pay a 10% tax penalty. If you do take an early withdrawal, it will reduce both the death benefit your beneficiaries receive and the cash value of the annuity.

An annuity is sold by an insurance company, and the annuity’s guarantees and protections are subject to that company’s ability to pay for them. However, this doesn’t apply to the underlying investments. The underlying investments are subject to market risk, so you could end up with less money than you invested.

An annuity is sold by prospectus, a document that describes the annuity’s objectives, risks, fees and charges. The cost of an annuity often includes mortality and expense charges, administrative fees, contract fees and the expense of the underlying investments. There are prospectuses for the annuity and the underlying investments that fund the annuity. It may take some time, but you should read the prospectuses carefully before investing.

It’s important to discuss your options with a specialist at MMA Insurance who is committed to helping you make the right decisions.

Before investing, understand that annuities are not insured by the FDIC, NCUSIF or any other federal government agency, and are not deposits or obligations of, guaranteed by, or insured by the depository institution where offered or any of affiliates. Annuities that involve investment risk may lose value. Guarantees and protections are subject to the claims paying ability of the issuing insurance company.

Our Location

Main Office

670 Windmiller Drive STE B
Pickerington, OH 43147
Main office: 614-454-3869
Toll free: 888-565-6624

Our Providers

I am big fan of MMA Insurance Agency since my first experience 5 years ago. My wife and I were purchasing a new home for our family to grow. I had asked Mark for a quote for home owners coverage. I was amazed with the cost considering I was purchasing a bigger home, more coverage and received a lower annual premium. I then decided to have him quote our auto coverage as well. I figured he wouldn’t be able to go much lower since we were preferred clients of a very well know insurance company. Not only was MMA Insurance Agency able to beat the competition, we were getting coverage for both auto and home policies for the same price that we were getting just for our auto insurance with the other company. It’s as if we were getting our home owners coverage for free. I have since recommended my friends, family and clients to MMA Insurance Agency for insurance needs, as they have been able to save each and everyone of them.
Bill Holliday
I just wanted to take a moment and thank you again for everything that you do for us. My wife and I are very happy that we made the switch to MMA Insurance. We were with Nationwide Insurance for over 7 years together and 8 years on my own. After the initial consultation I never heard from my agent, unless he wanted to “up sell” me something. As you know a lot changed in our lifestyles in that time period; Marriage, Kids, Cars and Home Ownership. We originally switched because you were able to get us 2 times the coverage and a large Umbrella Policy for the same rates. We have now been insured with you for almost 2 years and you have already recommended we switch our Insurance carrier to save us money at no cost or reduction of coverage. Thanks again for giving us Peace-of-Mind!
Chris and Janee Bryant
I wanted to send a message to you and let you know what a privilege it has been to work with you entire team to secure my home, auto, umbrella and soon to be health insurance through your company and team. Everyone I have spoken with (Donna, Amanda, Ina) has been amazingly helpful, well informed and highly professional. I am very happy to be one of your new clients and know that I will happily refer you and your team to anyone. Thank you again. Having lived out of the country for five years, now buying a home and setting life up again in the U.S. is kind of an intimidating process, but thanks to you and your team, you have all taken a lot of that fear and stress (of making bad decisions) out of that process for me. Respectfully, Andy M
Andy M