Annuities

Take control of your future today with an annuity that guarantees your income later on in life so you can LIVE YOUR DREAMS!

What is an Annuity

An Annuity is a Contract between you and an insurance company, which states that in exchange for your payment (premium) the company agrees to pay you an income in the future.

You can choose a Single Premium or Flexible Premium Annuity. You decide.

Single Annuity: You make one lump-sum investment of $2,500. You may increase your principal amount in increments of $2,500 or more and BAF guarantees your rate of return for the first 12 months of your annnuity.

Flexible Premium Annuity: Your initial investment of $500 minimum and monthly contribution of $100 monthly (minimum) is required and BAF guarantees your rate of return for the first 12 months of your annunity.

Immediate Annuity: You can purchase an immediate annuity with one lump-sum, usually a significant amount, and begin receiving your monthly  income immediately.Various payment plans are offered.

Annuities can be a valuable addition to retirement planning for people at nearly every stage of life, whether you are:

• Getting a head-start
• Close to retirement
• Already retired
• Unemployed
• Self-employed
• A Small Business Owner  

HOW DOES IT WORK?

Whether you choose to make a lump-sum payment with a Single Premium Annuity or periodic payments with a Flexible Premium Annuity, your Annuity will have two phases:

• the accumulation phase, when your money grows,
• the income (payout) phase when you withdraw your money according to a choice of options including - Income for Life, Joint & Survivor or Life Income with period Certain!

Secure your future today! Make an appointment with a Financial Services specialist today.  Email us at financialsolutions@mybafsolutions.com or call: (242) 461-1000

brochure_Annuities.pdf (~ 2.83 MB)