Meet the CEO - Ken Prevett
Highly Experienced Fiduciary and Certified Financial Planner
Call Ken Today: (502)205-9500
With over a quarter century of proven results as an Insurance Consultant, Certified Financial Planner practitioner, Educator, Minister and a Financial Advisor, Ken has seen a lot! From the boardroom tables to kitchen tables." Ken’s reputation has grown as a man of character with a comprehensive global perspective, as well as keen insights and strategies through multiple Bull and Bear markets.
For nearly 30 years, Ken has provided comprehensive financial and healthcare strategies for individuals, families, small businesses, Investment Banks, and even Broker-Dealer firms. These decades of Wall Street experience and valuable insights are tools that he loves to provide directly to you and your family. Ken likes to say, “We all need our money to work as hard for us as we did for it!” His true passion is helping people to become financially secure and full of peace of mind, all while enjoying life to the fullest. He says, “After having a seat at the boardroom tables, I'd rather have a seat at my client's kitchen table. My passion has always been taking care of the common American family by providing them with solid financial and healthcare insights, products, tools, and advice to attain their real need, which is an income they cannot outlive, no matter what is happening in this world ...stock markets included.”
If you're looking for "top of industry" life planning, with award winning products and time-tested solutions, from a Certified Financial Planner practitioner that understands that he and his team are held to FIDUCIARY STANDARDS...then look no further than Future Assurance, Inc.
Our team is loaded with genuine empathy for you and your family, and we will always strive to achieve the highest levels of ethics and morals. We provide powerful knowledge, hard work, and revolutionary tools, to do the right thing, always! We are the best and deliver on what we say!
So go ahead and assure your future with FUTURE ASSURANCE, INC.
Thank you for taking the time to review our Annuity Strategies" webpage. We realize that your needs are unique and specific and we will "Never" try to sell you something that doesn't truly deliver results for your financial goals and needs. This page is specially made to address the unique issues impacting many financial decisions today. You can be assured that our financial strategies and advice for you, will always be focused and unique to your needs!
Stephen Tobin is a "trustworthy" Fiduciary Advisor and he is your Future Assurance Agent. Please review the information on this page and set up a time to speak with him about how he can serve you. Every member of my "Future Assurance Team" is committed to delivering an unwavering focus for your financial goals.
We consider it a true honor to guide you through these turbulent times and we are pleased to tell you..."there is nothing to fear!"
At Your Service,
Ken Prevett
CEO - Future Assurance Inc
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Real Questions...Real Answers
What is an Annuity?
In the broadest terms, an annuity is a contract between you and an insurance company, where you make a premium payment(s) in exchange for the benefits defined in the contract.
Are Fixed Annuities safe?
Yes. Insurance companies as a whole have a long history of stability, even through our nation’s most difficult economic times. Fixed annuities, unlike variable annuities, are backed by the full faith and credit of the issuing insurance company.
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How is my money guaranteed?
With a fixed annuity, your deposited premium and all contract provisions are guaranteed by the issuing insurance company. For that reason, it is prudent to research the financial strength and ratings of the issuing company.
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What are the fees?
With fixed annuities, there are no fees, upfront loads or sales charges. 100% of your money goes into your contract without any expense to you. The only time you might experience a fee, is if you choose to add an optional rider that comes with a cost.
What is a Hybrid Annuity?
That’s an interesting question. Technically, there is no such thing as a hybrid annuity. But rather, that is an industry coined term to describe a fixed indexed annuity with an optional income rider added to it.
What is a CD-type Annuity?
A CD-type annuity is an industry coined term to describe a multi-year guarantee annuity. The interest rate is guaranteed in advance for a set number of years, similar to a bank CD.
What is an Income Rider?
An income rider is an optional benefit that can be added to an indexed annuity contract, usually for a fee. It is designed to help generate a higher level of guaranteed lifetime income at a future date, regardless of the performance of the underlying accounts.
How long do I tie up my money?
That depends entirely on the annuity product that you ultimately decide to purchase. Most of the annuities sold by AnnuityAdvantage have 3-10 year surrender terms. However, there are products on the market that have surrender terms as long as 16 years.
Absolutely, this is something we help our clients do all the time.
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How are Annuities taxed?
If you purchase your annuity with non-qualified funds and leave your interest earnings inside the contract to grow and compound, making no withdrawals, then those interest earnings are tax-deferred. What that means is that you do not have to pay income tax on the interest earnings until you choose to withdraw them.
Almost all annuities have some type of penalty free withdrawal provision. The most common being the right to withdraw up to 10% of your account value annually without penalty. That being said, penalty free withdrawal provisions do vary from one annuity to the next, so be sure to understand the details prior to making a purchase decision.
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Many (but not all) annuities have enhanced withdrawal provisions, commonly referred to as living benefits, for certain catastrophic life events such as an extended nursing home stay or terminal illness.
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What happens if I die?
Nearly all annuities will pay your named beneficiaries your full account value, without penalty, upon death.
A single premium immediate annuity is the oldest known form of annuity contract. It is a product that is designed to provide a guaranteed income stream, most typically for an individual or joint lifetime, with payments beginning in less than one year or for a specified time period.
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Our clients incur no fees, sales charges or upfront loads when utilizing our annuity shopping services. However, we do earn commissions paid to us directly from the insurance companies that we place business with.
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1035 is a section of the tax code that allows for the tax free exchange of non-qualified funds from one annuity contract to another. As long as the money is transferred directly from the old insurance company to the new insurance company, the tax-deferred status of the account remains intact and the 1035 exchange does not create a taxable event.
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more in the future...