Your Future Assurance Financial Consultant Is:
Ryan LaFavers
My name is Ryan LaFavers, and I am an independent insurance broker located in Cape Coral, Florida. As an insurance broker my job is to help you prepare for the future, and I am committed to doing just that. I am devoted to building trust and providing clarity, and I’m here to guide you as you dream about how to make sue that your loved ones are protected. With a passion for securing futures, I strive to understand your unique needs; ensuring that you receive a tailored insurance solution. It is my goal to help you understand what insurance policies make sense for you so that I can provide you with proper coverage.
I enjoy life on the beautiful coast of Southwest Florida with my wife and our four children. If I have any free time, you will likely find me at Disney World, the beach, or serving the community at our local church.
Contact me directly:
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!
As your Future Assurance Agent, you can trust Ryan's skills as a fiduciary advisor. 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
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.
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.
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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 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.
Can I use IRA funds to
buy an Annuity?
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.
Can I withdraw funds
from my Annuity?
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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What if I need my money
for an emergency?
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.
What is an immediate Annuity?
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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How does Future Assurance get paid?
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.