Insurance Services Mr. Cannella’s practice focuses on the following:Life Insurance and Life Insurance Estate Planning StrategiesVariable Annuities (variable annuities can provide tax deferred growth, guaranteed lifetime income, death benefits, along with other important benefits).Fixed Annuities (fixed annuities can help provide steady tax deferred income, death benefits, and other important benefits).Please contact us for more information.Fixed and Variable annuities are suitable for long-term investing, such as retirement investing. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply. Variable annuities are subject to market risk and may lose value.