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Annuities in Orem UT & Provo UT

Keep Your Financial Resources Protected.

Advance 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 Advance 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

Advance 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 Advance 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

*Main Office

248 South State Street
Orem, UT 84058
Main office: 385-244-2627
Toll free: 877-700-9131

Draper

12401 S 450 E #A2
Draper, UT 84020
Main office: 385-626-7130
Toll free: 877-700-9131

Heber

175 N Main St. Suite 202
Heber, UT 84032
Main office: 435-414-6667

Hesperia, CA

16501 Walnut St Suite 12
Hesperia, CA 92345
Main office: 877-700-9131

Logan

399 N Main Suite 140
Logan, UT 84321
Main office: 435-704-9219

Nevada

222 S Rainbow Suite #220
Las Vegas, NV 89121
Main office:
Toll free: 877-700-9131

Ogden

2650 N 300 E Ste 110
Ogden, UT 84414
Main office: 385-244-2557

Ogden

3725 Washington Blvd #8
Ogden, UT 84403
Main office: 385-244-2681

Ogden

2120 N Washington Dr #20
Ogden, UT 84414
Main office: 385-244-2557

Pleasant Grove

1406 W State Rd.
Pleasant Grove, UT 84062
Main office: 385-626-7254

Provo

363 N Univ. Ave #103
Provo, UT 84601
Main office: 385-626-7046

Roosevelt

105 E Lagoon St
Roosevelt, UT 84066
Main office: 435-704-9188

Salt Lake

426 E 3300 S
Salt Lake City, UT 84115
Main office: 385-722-5425

South Jordan

1086 W South Jordan Parkway #106
South Jordan, UT 84095
Main office: 385-626-7189

South Ogden

3755 Washington Blvd Suite 4
South Ogden, UT 84403
Main office: 385-244-2922

St. George

2107 W Sunset Blvd #202
St. George, UT 84770
Main office: 435-704-9082

Our Providers

Testimonials

They’re really nice and I am overall really impressed with how pleasant and efficient they took care of me. My agent Jared was very friendly. Even though I am a young driver with my first car he got me the best rate I could find with Travelers. It was affordable and I was set up on automatic payments.
Jean M
I've been with them the last 2 years. I been hunting for a better quote everywhere and nobody seems to get me any better deal. Alfredo he's my agent and he's also my moms. He's very helpful and professional highly recommend him. He does everything possible to help you. When you guys go ask for Alfredo's Torres you won't regret it. Thank you so much for all your help!
Kim O
The service in this place is AWESOME! :)
Jackie C
Great company to work with. When I moved to Utah, I was paying about $95 a month for the state minimum requirements. About a year later, Advance was able to find me a policy for half that for double the coverage and full coverage. I'm glad I went with Advance!
Michael Mo
Advance Insurance is awesome. Tyler Empey took care of me and found me a great insurance company. He helped me numerous times and always answered all of my questions. I even had to go in to their place to sign some paperwork and I was treated with kindness. I would highly recommend them.
Kelsie S
This place has the best rates of anyone in Utah county. Everyone I've sent there has saved. The smaller (high risk) insurance companies they deal with don't have web portals or any way to pay other than talking to an agent or mailing a check, which is kind of annoying, but they save me money.
Greg G
Tyler Parcells helped me to understand my business insurance needs. I will recommend him to anyone needing business insurance.
Patricia P
I've been with advance insurance for over 10 years. They really help get you what you need.
Amanda F
Good honest company that is honest from the top down! Recommend them to all my friends.
Michael Mi
Advanced insurance is a great insurance agency. They truly care about their clients and make sure to take care of them at the highest level. I work with a number of insurance agents and agencies and Advanced is truly one of the best!
Joel T