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Annuities in Ormond Beach FL & Daytona Beach FL

Keep Your Financial Resources Protected.

East Coast Insurors 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 East Coast Insurors, 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

East Coast Insurors 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 East Coast Insurors 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 Locations

East Coast Insurors

801 S. Yonge St
Ormond Beach, FL 32174
Main office: 386-677-4787
Fax: 386-677-4119

Palm Coast, Florida location

4845 Belle Terre Pkwy
Palm Coast, FL 32164
Main office: 386-446-3426

Our Providers

Testimonials

Thanks for all your help. You're the best in the business! I get a lot of other agents calling for our business and I always tell them that we are really happy with who we have and their service!!!!
Elizabeth Stevenson- Skyway Builders, Palm Coast, FL
This letter is an attempt to express our gratitude to you and your firm for sharing your professional expertise and advice. We approached you initially for assistance with a Worker's Compensation audit that we believed was unfair. You not only fully assisted us in our dispute of this audit - your actions resulted in a savings of more than $6,000. While this would be a significant savings to any business, to us it means even more. Halifax HFH is a non-profit Christian housing ministry that builds homes with families in need. We sell the home to the family at no-profit to Habitat. The savings that you realized for us means we are closer to assisting another family escape the sometimes horrific conditions of sub-standard housing and achieve the American dream of home ownership.
Lori Gilooly, Executive Director- Halifax Habitat for Humanity
To Cindy Galisin East Coast Insurers Palm Coast Fl. Cindy,I want to express my deepest gratitude for your assistance yesterday on getting my auto insurance policy written, submitted and approved while we were at the Auto Dealership. Your effort saved us making a 200 plus mile trip. Thank you for your extra effort.
Glenn and Barbara Matula
Vicki, just wanted to thank you soo much for the great advice you gave. Because of that we are saving over $1,100.00 in discounts on our homeowners insurance. That is a wow moment. You made my day. Again, thanks so much for your support. You guys are terrific. Have a great day.
Clint Parker
Margaret, We would like to take a moment and say "Thank You" for everything you always do to help us with all the insurance matters that arise in our car business. We started using you and your company many years ago and have never once looked back with any regrets. You have always handled all of our business situations in such a manner that we feel like we are dealing with a true close friend, and not just an agent. When it comes to our many insurance needs, you have always pointed us in the direction that would benefit us the most. You always take the time to listen and understand just what we are looking for and have never just tried to sell us something, for the sake of a sale. You give us many options and ultimately help us to make the right decisions. We always come away knowing the experience was a positive one and we know that in the future when we are looking for perhaps another proposal, we know who we will call. Insurance is most confusing sometimes and in the car business we are required to have many different things. You always make it simple and easy for us to understand and your expertise in your field certainly stands out. Your knowledge about the various things that are required is vast. It makes it nice too, knowing that we can get everything we need all handled in one location and you are always just a phone call away. Thanks Margaret, for being a friend as well as a great agent. Looking forward to yet another year of doing business with you. You sure make it a pleasure.
Sandy and Jerry Barrow, Paxon Motors Inc- Jacksonville, FL