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An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future.

The goal of an annuity is to provide a steady stream of income during retirement. Funds accrue on a tax-deferred basis, and can only be withdrawn without penalty after age 59.5.

Click on the link below to contact us for more information about annuities that are available to you through VRSI.

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Fixed Annuities:

A fixed annuity is a type of annuity contract that allows for the accumulation of capital on a tax-deferred basis. In exchange for a lump sum of capital, a life insurance company credits the annuity account with a guaranteed fixed rate of interest while guaranteeing the principal investment. A fixed annuity can be annuitized to provide the annuitant with a guaranteed income payout for a specified term or for life.

Fixed annuities are contracts issued by life insurance companies to individuals looking for guaranteed rates of return without any risk to principal. The rates on fixed annuities are derived from the yield a life insurance company generates from its investment portfolio, which is invested primarily in high-quality corporate and government bonds.

VRSI and our Reps have fixed annuities available from many of the top insurance companies.
Guarantees are based on the claims-paying ability of the issuing Insurance Company.

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Fixed Index Annuities:

A fixed index annuity is a tax-favored accumulation product issued by an insurance company. It shares features with fixed deferred interest rate annuities. However, with an index annuity, the annual growth is bench-marked to a stock market index (e.g., Nasdaq, S&P 500) rather than an interest rate. With a fixed index annuity you participate in a portion of the gain in the index, but you cannot lose any of your principal.

Many fixed index annuities offer optional income riders which provide you with a  guaranteed income for the duration of your lifetime, even if all of the cash value in your account is used up.

VRSI and our Reps have fixed index annuities available from many of the top insurance companies.
Guarantees are based on the claims-paying ability of the issuing Insurance Company.
Contact Us for More information.

The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange.
The S&P 500 Index is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.

CD Alternatives:

When somebody uses the term CD alternative or CD-type annuity what they are typically referring to is a Multi-Year Guarantee Annuity, or MYGA. Bank CDs and MYGAs are frequently compared because of the similarities between their product design and the way they credit interest. A CD is issued by a bank whereas a MYGA is issued by an insurance company. Just like a bank CD, a MYGA credits a specific and guaranteed fixed interest rate for a set number of years. The interest rate and the number of years it will be applied are contractually guaranteed by the insurance company issuing the policy.

One big difference however, is that the interest earned with a MYGA will grow tax-deferred as long as it is left to grow and compound inside the annuity. But the interest earned with a bank CD must be reported and taxed each year, even if it is not withdrawn. The interest rates offered on these MYGA products are typically higher than can be obtained from a bank CD with a comparable term. A 10 percent penalty on the taxable portion of your MYGA is forfeited to the IRS if you surrender the annuity and you're under age 59½

VRSI and our Reps have access to numerous insurance companies that specialize in MYGAs.  When you have a CD coming due, Contact Us for an interest rate quote.
Guarantees are based on the claims-paying ability of the issuing Insurance Company.

VRSI is a Virginia based corporation dedicated to working with VRS members:

  • To assist you in understanding your state retirement system,
  • And educating you on your retirement income options.

Our most well-received program has been our Retirement Planning Analysis Program, which consists of two parts:

  1. A presentation that shows, in general, how the VRS retirement system works,
  2. And a Personalized Retirement Analysis, that shows how you may maximize your retirement income.

Our site is filled with educational videos, articles, slideshows, and calculators designed to help you learn more. As you search our site, send us a note regarding any questions you may have about any particular investment concepts or products. We will get back to you quickly with a thoughtful answer.