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Annuities in Hanover PA & Gettysburg PA

Keep Your Financial Resources Protected.

Barrick Insurance 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 Barrick Insurance, 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

Barrick Insurance 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.

Understand Your Investments

An annuity is a long-term, tax-deferred investment designed for retirement. With an annuity, you can create a fixed or variable stream of income. The annuity’s value and growth will vary based on how the investments you choose to fund the annuity (underlying investments) perform.

Just like other types of investments, an annuity has limitations. If you take your money out early, you may have to pay fees called surrender charges. You’ll have to pay income tax on the withdrawal, and if you’re not yet 59½ years old, you may also have to pay a 10% tax penalty. If you do take an early withdrawal, it will reduce both the death benefit your beneficiaries receive and the cash value of the annuity.

An annuity is sold by an insurance company, and the annuity’s guarantees and protections are subject to that company’s ability to pay for them. However, this doesn’t apply to the underlying investments. The underlying investments are subject to market risk, so you could end up with less money than you invested.

An annuity is sold by prospectus, a document that describes the annuity’s objectives, risks, fees and charges. The cost of an annuity often includes mortality and expense charges, administrative fees, contract fees and the expense of the underlying investments. There are prospectuses for the annuity and the underlying investments that fund the annuity. It may take some time, but you should read the prospectuses carefully before investing.

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

Before investing, understand that annuities are not insured by the FDIC, NCUSIF or any other federal government agency, and are not deposits or obligations of, guaranteed by, or insured by the depository institution where offered or any of affiliates. Annuities that involve investment risk may lose value. Guarantees and protections are subject to the claims paying ability of the issuing insurance company.

Our Location

Barrick Insurance

1401 Baltimore St
Hanover, PA 17331
Main office: 717-467-4253
Toll free: 800-548-9810

Our Providers

Testimonials

You provided us fast service for our Homeowner's Policy so our loan could be processed. What a great surprise when we got our Auto Insurance at half the price we were previously paying! Thanks to your courteous staff!!!
Vada & Stanley Sheeler, Hanover, PA
We bought our first house 14 years ago, Barrick Associates helped us to fulfill our insurance needs and at a great price we wouldn't change companies.
Steven & Diane Kagarise, Littlestown, PA
We were in a bind without insurance, and your agency was the only one that could help us out. Also the service was great. Thank you,
Mary C. Shildt, Littlestown, PA
You have a great staff, cheap rates and are always understanding. Thanks for a great service.
Crystal Treadway, Hanover, PA
I am well satisfied with the service and rates. Thank you.
Gerald B. Thoman, Hanover, PA
Yes, I am now 55 yrs. old and was dealing with your company since I was 16 yrs. Old, I am very satisfied with your service.
Allen E Mundorff, Hanover, PA
Any services that I have needed through out the years, has been very satisfactory. Your staff is very helpful. Thank you.
Donald A. Hinkle, East Berlin, PA
Thank you for coming to our rescue when we needed car insurance and homeowners insurance. We weren't happy the way our last company dumped us after over thirty years of good service. Your staff is very accommodating and cheerful. It means a lot to me when you can talk to a real person that is accommodating and happy to serve you! Thank you again!
Nancy E. Leese, Hanover, PA
I have been with you and your predecessor R.J. Topper Agency for 56 years. This is a testimony for it's self.
Rev Msgr. VIncent J. Topper, Harrisburg, PA
I am well satisfied.
Gloria A. Geesey, Spring Grove, PA
One phone call and all of my needs & requests are handled in a quick, professional, and courteous manner.
Hugh F. Hoffman Hanover, PA