ANNUITIES
1. Guaranteed Income for Life
An annuity is a financial product designed to provide you with a steady stream of income during retirement. You invest a lump sum or make periodic payments to an insurance company, and in return, you receive guaranteed income payments for a specified period or for the rest of your life.
Annuities are ideal for individuals who want to protect themselves from outliving their retirement savings and ensure financial stability in their later years.
2. Types of Annuities
- Fixed Annuities: Guaranteed interest rate and predictable income payments
- Variable Annuities: Income based on the performance of underlying investments
- Indexed Annuities: Returns linked to a market index with downside protection
- Immediate Annuities: Start receiving income payments right away
- Deferred Annuities: Allow your investment to grow before income payments begin
3. Benefits of Annuities
- Guaranteed lifetime income (with certain annuity types)
- Tax-deferred growth on your investment
- Protection from market volatility (with fixed and indexed annuities)
- Customizable payout options (lump sum, period certain, or lifetime)
- Death benefit options for your beneficiaries
- No contribution limits (unlike IRAs and 401(k)s)
4. Is an Annuity Right for You?
Annuities are best suited for individuals who want guaranteed income in retirement, protection from market risk, and peace of mind knowing they won't outlive their savings. However, annuities come with fees and surrender charges, so it's important to understand the terms before committing.
Our advisors will help you evaluate whether an annuity fits your retirement plan and which type is best for your goals and risk tolerance.
5. Get a Free Annuity Quote
Compare annuity rates from top-rated carriers and find the best option for your retirement income needs.
Get a quote or speak to an annuity specialist to learn more.