Health Insurance
“Comprehensive health coverage tailored to your needs and budget”
The Jordan Insurance Agency
The Jordan Insurance Agency is an Independent insurance agency in Charlotte, North Carolina.
Products & services
Medicare
“Medicare program coverage for health costs”
Life Insurance
“Life insurance plans to protect your loved ones' future”
Homeowners Insurance
“Home insurance to protect your property”
Auto Insurance
“Comprehensive automobile insurance coverage”
Dental & Vision Insurance
“Dental and vision coverage options”
Renters Insurance
“Insurance coverage for renters”
Motorcycle Insurance
“Motorcycle insurance coverage”
Retirement Planning
“Retirement planning services and solutions”
Annuities
“Annuity products and services”
Questions & answers
At what age do I have to start taking RMDs from an Annuity?
“If your Annuity is held inside a traditional IRA or a pre-tax retirement plan, RMDs begin at the applicable age under current federal law. That age is 73 for people born from 1951 through 1959, and it rises to 75 for anyone born on or after January 1, 1960.”
Can I roll a required minimum distribution into an Annuity?
“No. A required minimum distribution is not an eligible rollover distribution, so it cannot be rolled into an Annuity or any other retirement account.”
Do non-qualified Annuities have RMDs?
“A non-qualified Annuity is bought with after-tax dollars outside a retirement plan, so the IRA and 401(k) RMD rules do not apply to it in the same way.”
Will taking my RMD from an Annuity cause a surrender charge?
“Usually not. Many Fixed and Fixed Indexed Annuities allow a penalty-free withdrawal each year, commonly up to about 10% of the account value, and most RMDs fall within that allowance.”
Are annuities FDIC insured?
“No. Annuities are not FDIC-insured.”
What actually protects my money in an annuity?
“Two things protect an annuity. First and most important is the issuing insurance company's financial strength and claims-paying ability, which you can check through an independent rating such as an AM Best Financial Strength Rating.”
How much annuity coverage does the North Carolina guaranty association provide?
“The North Carolina Life & Health Insurance Guaranty Association covers up to $300,000 for the present value of annuity benefits per individual, per member insurer, regardless of how many contracts you hold with that company. Structured settlement annuities are covered up to $1,000,000 per NC payee, and unallocated annuity contracts up to $5,000,000 per owner.”
Is an annuity as safe as an FDIC-insured CD?
“They rest on different guarantees. A bank CD is FDIC-insured up to $250,000 per depositor, per bank, per ownership category.”
How do I check if an annuity carrier is financially strong?
“Look up the insurer's financial-strength rating from an independent agency such as AM Best. AM Best's Secure categories are A++ and A+ (Superior), A and A- (Excellent), B++ and B+ (Good), and B and B- (Fair); the Vulnerable categories are C++/C+ (Marginal), C/C- (Weak), and D (Poor).”
Is an annuity or a CD better for safe money?
“A bank CD and a fixed or MYGA annuity differ in backing, taxes and access. CDs at FDIC-insured banks have deposit insurance within the applicable limits and ownership rules; an annuity is not FDIC-insured and depends on its insurer’s financial strength.”
Are annuities FDIC-insured like CDs?
“No. Eligible bank CDs at an FDIC-insured bank have deposit insurance subject to the applicable depositor, institution and ownership-category rules.”
How are a CD and an annuity taxed differently?
“CD interest in an ordinary taxable account is generally taxed when earned or credited. A non-qualified deferred annuity generally defers tax on earnings until a distribution.”
Can I get my money out of an annuity early like a CD?
“Compare the actual CD withdrawal terms with the annuity’s surrender schedule, permitted withdrawals, renewal provisions and free-look rights. Do not assume every annuity has the same surrender period or annual withdrawal allowance. A withdrawal free of insurer surrender charges may still have tax consequences, and an IRA-held CD has retirement-account distribution rules.”
How do I judge whether a fixed annuity is safe?
“Review the actual issuing insurer’s financial strength, current ratings and the rating agency’s definitions, as well as the contract guarantees, restrictions and costs. Ratings are opinions and can change; they do not guarantee payment or establish that a product suits you.”
Company details
Data formats & record details
Download this profile and inspect its supporting evidence.
- Entity ID
- urn:readyscan:entity:the-jordan-insurance-agency-q140924162
- Material fingerprint
- fnv1a64:bb9efea88e6a9673
- Entity revision
- fnv1a64:6233ef1d293b732c
- Published
- 2026-10-27
- Modified
- 2026-10-27
- Source summary
- The Jordan Insurance Agency: Independent insurance agency in Charlotte, North Carolina. Website: https://thejordaninsuranceagency.com.
- Wikidata item
- Wikidata Q140924162
- Source revision
- 2543169042, modified 2026-09-10T09:07:25.000Z