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Annuities in Canal Fulton OH & Massillon OH

Keep Your Financial Resources Protected.

DiStefano 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 DiStefano 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

DiStefano 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 DiStefano 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 Locations

DiStefano Insurance

2036 Locust St S
Canal Fulton, OH 44614
Main office: 330-680-5975
Toll free: 800-468-9558
Fax: 330-854-2481

Bendetta Insurance

610 N Main St
North Canton, OH 44720
Main office: (330) 494-8400
Toll free: 1-800-967-7065

Petit Insurance

203 N Portage St
Doylestown, OH 44230
Main office: 330-681-6031

Ungashick Insurance

4942 Higbee Ave. N.W.
Canton, OH 44718
Main office: 330-441-4352
Fax: 330-492-3660

United Group Alliance

2036 Locust St S
Canal Fulton, OH 44614
Main office: 330-529-5526
Toll free: 888-783-8773
Fax: 330-854-2481

Our Providers

Testimonials

"Dave has provided excellent service and great coverage for years and I expect for many years to come!"

David H. Canton, OH
"I periodically insurance shop around, and Distefano always has the best HOME, AUTO, UMBRELLA packages - don't be influenced by who puts out the most silly TV commercials!"

Loren M. Massillon, OH
"Congratulations DiStefano Insurance on great service! I have been a client for many years...and plan to keep it that way!"

John S. Massillon, OH
"We have been with DiStefano for 34 years and Lou has always been there for us!....Thanks!"

Dan H. North Lawrence, OH
"DiStefano Insurance has been taking care of our insurance needs for over ten years now and have been flawless in the handling of our ever changing insurance needs. Thanks to Lou DiStefano and his entire staff!"

Ed O. Canton, OH
"This 24 hour "office" is great. One more reason to be a part of the DiStefano family!"

Ann C. Canal Fulton, OH
"Wow, thinking about it I have been with you guys for 24 years now. A long time. And throughout the years I can't think of one issue you have not taken care to my complete satisfaction. So, thank you, and congratulations on your upgrade."

Ed S. Chagrin Falls, OH
"I was referred to Dave at DiStefano by a friend. I received such great service getting a quote and switching my insurance over that I referred a friend, who then switch to the DiStefano Agency for her insurance. I think that speaks for itself!"

Deborah C. Louisville, OH
"You certainly saved us money by analyzing our old policy and finding a new one that was added coverage and less costly. Thanks again and we will recommend you to our friends."

William G. Canal Fulton, OH
"We have been using Distephano insurance for home and auto since 2008 and it has been a great partnership. There has never really been any issues with claims or policy changes when needed."

James B. Canal Fulton, OH
"Since becoming clients of Distefano Insurance, they have been pros to be and saved us money. Kudos!!!"

Ann H. Columbus, OH
"A few years ago we changed policies on our home/auto. A technical glitch led to a need to resign the policy on a day I was working. Our agent met me on my mail route so I could sign the policy without missing work. Thanks!"

Robert K. North Lawrence, OH