Cindy joined the former GPALM team in 2005 bringing with her over 10 years of experience as a personal producer. Prior to working with us, Cindy was a securities licensed representative working with first MetLife Securities (specializing in employee benefit and retirement plans with a heavy focus on funding TSA and 403b/a plans with annuities) and then with Raymond James Financial Services (working with individuals in a financial planning firm). She understands the perspective of agents selling “in the field” and she is creative and energetic when it comes to helping independent agents grow their business. Her success at Brokers Edge is largely attributed to providing exemplary service and a commitment to acting with integrity. Cindy was promoted to Vice President of Annuity Sales in the spring of 2014.
Fixed Annuities are long term insurance contacts and there is a surrender charge imposed generally during the first 5 to 7 years that you own the annuity contract. Withdrawals prior to age 59-1/2 may result in a 10% IRS tax penalty, in addition to any ordinary income tax. Any guarantees of the annuity are backed by the financial strength of the underlying insurance company. Indexed annuities are insurance contracts that, depending on the contract, may offer a guaranteed annual interest rate and some participation growth, if any, of a stock market index. Such contracts have substantial variation in terms, costs of guarantees and features and may cap participation or returns in significant ways. Any guarantees offered are backed by the financial strength of the insurance company. Surrender charges apply if not held to the end of the term. Withdrawals are taxed as ordinary income and, if taken prior to 59 ½, a 10% federal tax penalty. Investors are cautioned to carefully review an indexed annuity for its features, costs, risks, and how the variables are calculated.