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Annuities in Charles City IA & Floyd IA

Keep Your Financial Resources Protected.

Shankland 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 Shankland 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

Shankland 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 Shankland 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

Charles City

1006 N Grand Ave
Charles City, IA 50616
Main office: 641-228-7436

Our Providers

Changes in our family's needs and in the health insurance laws had us overwhelmed and confused. Shankland Insurance listened to us and found what we needed and could afford . We were so impressed, we've switched our home and vehicle insurance to Shankland Insurance.
Mark and Robin Livingood
"Staci always responds to our questions very quickly with very complete information. She often includes information that we need to know, but forgot to ask. She is very friendly, personable and professional. We really appreciate the great service she gives us! We have recommended her to our friends."
Mary A.
I am so thankful to the girls at Shankland Insurance for making my life so much easier due to helping me lower my insurance rates. They rock!
Dee
Working with Shankland Insurance has been hassle free and so convenient! Whether adding/changing a vehicle, or answering any question that comes up Shankland gives us a speedy response and are a joy to work with.
Randy
I first meet Staci when my daughter took a job in Charles City as the events coordinator for the Chamber. I ran into some insurance issues shortly after that, I called Staci for advice. She not only answered my questions she ended up selling me new policies to replace my auto & homeowners she also helped with my daughters renters insurance. My daughter has since moved to Minneapolis but Staci was there to help with the transition of policies to MN. Dealing with buying insurance is not one of my favorite things to do but it seemed much less painless with Staci's help.
Thomas
I was referred to Staci Ackerson by another professional. My lucky day! I have had very good service from her - (I am a licensed Life and Health insurance producer, so I know what good service is) In fact excellent service. She also helped me get a better carrier at less than half of what I was paying. I thank her and her company Shankland Insurance for all they do. Keep up the good work!
Neelam Salmen, Murnel Properties, LLC
Thanks to Shankland Insurance for their friendly, professional, & personal assistance in helping me sign up for medicare. I was impressed by their courtesy & efficiency. I highly recommend Shankland Insurance.
Joyce