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Annuities

Keep Your Financial Resources Protected.

Timm Agency 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 Timm Agency, 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

Timm Agency 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.

It’s important to discuss your options with a specialist at Timm Agency who is committed to helping you make the right decisions.
 

Our Location

Timm Agency Insurance

510 22nd Ave E, # 300
Alexandria, MN 56308
Main office: 320-763-4516
Fax: 320-763-9510

Our Providers

Testimonials

I have been with The Timm Agency for over a decade, most of it while living in Minneapolis. They have always been quick to respond and I have had a number of instances when they've called to say they've found me better rates! Impeccable service and I would highly recommend them to anyone.

David T
Daylon saved me hundreds and gave me better insurance policies. When the time came to make a claim he was timely and he guided me through the process. Switching to The Jeff Timm Agency was one of the best financial decisions I've made in the past few years. -I. Triebold

Issac T.
For years, we had our homeowners policy with a local company and were VERY unhappy with the service we received. So we looked into switching. One year later, I am happy to say that after a claim we recently had to make we are BLOWN AWAY by the care, and service we received from you all! Thank you!!!!

Caryn S.