Some products may have fees, penalties or surrender charges. BUFC Personal Investment Services specializes in providing a full range of fixed annuities, variable annuities and select mutual funds. Our experienced investment representatives are skilled in analyzing your financial situation and recommending the product that would best suit your needs. A fixed annuity is a contract issued by a Life Insurance Company that provides a guaranteed initial interest rate for a specific period of time and is backed by the insurance company that issues the annuity contract. Variable annuities are referred to as the investment of the 90's because they combine many of the benefits of a fixed annuity with the investment diversification of a family of mutual funds.
Variable accounts are professionally managed portfolios much like mutual funds.
In a variable account, the increased risk is exchanged for a potential increase in performance. Like the fixed annuity, variable annuities have the benefit of tax-deferral but keep up with inflation better than a fixed annuity. A mutual fund is a collection of stocks, bonds or money market securities that is owned by many investors and managed by a professional investment company. When you invest in a mutual fund, your dollars are pooled with other investor's dollars. The fund's management team uses that money to build and manage a portfolio of securities.