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Office Hours

M-Th 8:30 AM - 5:00 PM

F 8:30 AM - 4:30 PM


Germantown Office

13208 Executive Park Terrace
Germantown, Maryland 20874
Phone: 301-428-0282
Toll Free: 800-310-ERIE (3743)
Fax: 301-972-9352 / 888-642-8056


Frederick Office

5300 Westview Drive
Suite 304
Frederick, MD 21703
Phone: 301-694-0028
Fax: 301-694-0500



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AnnuitiesIf you’d like to see your investments grow and you’re planning for your future, annuities might be just right for you.   Here at Schaefer & Delauder Insurance in Germantown and Frederick, MD, we’re up to speed on the options and the guidelines of all types of annuities; and we can answer all your questions.


What is an Annuity?

Annuities are of various types; but, basically, an annuity is a tax-deferred investment option that offers a savings plan with guaranteed interest rates and which is not subject to annual deposit limits.


Categories of Annuities

Categories of annuities can be classified by the following:

  • Nature of the investment
    • Fixed – guaranteed to grow in value
    • Variable – growth or loss depends on investment performance (Note: This agency does not provide variable annuity products.)
  • Purpose – to accumulate funds or create income.
    • Deferred – defers payout for a specified time period
    • Immediate – begins payout almost immediately
  • Terms of Payout – based upon time period, amount or lifetime
    • Fixed Period – Annuity pays for a specified time period (e.g. 5 years)
    • Fixed Amount – Annuity pays up to an established amount.
    • Lifetime – Annuity pays for the remaining life of the annuitant. A guaranteed period can be established to avoid significant loss in the case of early death of the annuitant.
  • Tax Status – whether the annuity will fund a tax-favored retirement plan like IRA, 401(k), etc.
    • Qualified – used to invest and contribute money to a tax-favored retirement plan
    • Non-Qualified – purchased separately from a tax-favored retirement plan.
  • Premium Payment Arrangement
    • Single Premum – annuity is funded by a single substantial payment such as a rollover.
    • Flexible Premium – annuity is funded by a series of investments; payout intended to be deferred for a significant time to accumulate funds and experience investment growth.

Why not discuss the many portfolio plans available with one of our experienced agents here at the Schaefer & Delauder Insurance agency, who can help you explore the choices and arrive at the best annuity or other investment option for you.  Just contact us today to discuss how we can help.

This agency does not provide variable annuities.

The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it.  This website is not intended to advise, offer or bind coverage.  You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at Schaefer & Delauder Insurance before making any decisions or choosing a course of action.




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Schaefer & Delauder Insurance Services is licensed to conduct business in the District of Columbia, Maryland, Virginia, West Virginia, North Carolina, New York and
Pennsylvania; also Delaware (except for ERIE Insurance).
The information on this site is a solicitation to conduct business only in the aforementioned states of authority.

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