Lawrence (“Larry”) Koresko serves as the president of Insmax Insurance Brokerage, Inc., a multifaceted insurance company headquartered near Philadelphia, Pennsylvania. Working with a diverse array of clients in the insurance sector, Lawrence Koresko offers services ranging from disability and dental insurance to equity-indexed annuities.
In the insurance industry, the term “annuity” refers to a sum of money paid to an individual every year for the rest of his or her life. Annuities come in a variety of flavors, including fixed annuities, variable annuities, and equity-indexed annuities. Like fixed annuities, equity-indexed annuities provide a guaranteed minimum return of 2 to 3 percent. Because equity-indexed annuities gain value as the stock market grows, they allow for considerable upside as well.
The returns paid by equity-indexed annuities are often complex, involving factors such as a cap on returns in a given period and a participation rate based on the annuity’s involvement in the market. People typically choose to invest in equity-indexed annuities because they offer risk protection if stock prices fall and the potential for upside if they continue to grow.
In the insurance industry, the term “annuity” refers to a sum of money paid to an individual every year for the rest of his or her life. Annuities come in a variety of flavors, including fixed annuities, variable annuities, and equity-indexed annuities. Like fixed annuities, equity-indexed annuities provide a guaranteed minimum return of 2 to 3 percent. Because equity-indexed annuities gain value as the stock market grows, they allow for considerable upside as well.
The returns paid by equity-indexed annuities are often complex, involving factors such as a cap on returns in a given period and a participation rate based on the annuity’s involvement in the market. People typically choose to invest in equity-indexed annuities because they offer risk protection if stock prices fall and the potential for upside if they continue to grow.
