About Us
The Fixed-Annuity-Search.com was founded and is maintained by Chuck Haddad who holds Life, Health, Disability and Long Term Care insurance licenses in the states of Michigan and Illinois. Chuck is also an investment professional with an office located at 39520 Woodward Ave Ste 212, Bloomfield Hills, MI 48304. Chuck has been in the securities and insurance business since 1995. He earned a BA in accounting from University of Michigan Dearborn in 1986 and an MBA in business administration from Wayne State University in 1994. To learn more about Chuck's securities business, please go to www.FirstofBirmingham.com
Below are some of the reasons why Chuck decided to found the website Fixed-Annuity-Search.com in his own words:
“Recently the interest rates paid on savings and money market accounts reached new lows punishing many risk-averse investors who are trying to save for their retirement. I felt that fixed annuities with multi-year guarantee, also sometimes called CD-type fixed annuities, may be a good answer as an alternative to bank certificates of deposit.
The interest rates are often higher to reflect slightly higher risk since fixed annuities are backed by the claims-paying ability of the company and are NOT FDIC-insured. However, if an investor sticks to annuity companies with at least A- rating, the risk in my opinion is still very minor and may be well worth the higher rate paid on this investment vehicle. If you add to that the tax-deferral feature, fixed annuities become even more attractive as a retirement savings vehicle for risk-averse investors.
I also felt that there is not enough awareness about fixed-annuities among the investing public. That is why I thought it would be a good idea to create a website that would display some of the highest current rates paid on fixed annuities by various insurance companies. We are trying to update rate changes on a regular basis. I also wanted to create an education page that would explain to visitors advantages and disadvantages of investing in fixed annuities, as well as discuss various types of fixed annuities.
If you are interested in any particular annuity featured on our website and would like to receive an information package or fill out an application, please contact us using our contact form or call me toll-free at 866-225-0072. I will be glad to discuss with you your unique situation and help you decide if a fixed CD-type annuity may be a suitable investment for your particular situation.”
* The above information is intended for use by Michigan and Illinois residents only. If you are a resident of a state other than Michigan or Illinois, please exit this website and contact an insurance professional licensed to conduct insurance business in your state.
Fixed annuities may not be for everyone. There are fees and expenses associated with fixed annuities that may not be apparent with other fixed income investments. You should make sure you fully understand the annuity before purchasing the product. Our firm does not provide legal or tax advice. Be sure to consult with your own legal and tax advisors before taking any action that may have tax implications.