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Annuities are contracts that offer tax-deferred compounding* issued by insurance companies. There are two main types of annuity contracts, fixed and variable, depending on your investment needs. Annuities can be structured to provide an ongoing future stream of income* that can assist in your retirement planning. No two annuity contracts are alike or are not for every investor, so a thorough review of your investments and the contract must be performed.




















* Annuities involve market risk and should be considered as long term investments.  Withdrawals are subject to income taxes and may be subject to a penalty if withdrawn before age 59 ½. Guarantees are based upon the claims paying ability of the insurer.

Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, are: not deposits, not insured by FDIC or any other governmental agency, not guaranteed by Southern Michigan Bank & Trust, are subject to risk, and may lose value. Southern Michigan Bank & Trust and the Southern Financial Group are independent of Raymond James.

Raymond James financial advisors may only conduct business with residents of the state and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.  Raymond Jamesí Privacy Notice.