Annuities
Guaranteed retirement income you can't outlive
Overview
Annuities are contracts with an insurance company that turn a lump sum or series of payments into a stream of guaranteed income — either for a set number of years or for the rest of your life. They're a common tool for retirees who want to protect principal, defer taxes, or create a personal pension.
Key highlights
- Fixed annuities: guaranteed interest rate, no market risk
- Fixed indexed annuities: growth tied to an index, downside protected
- Immediate annuities: income starts within 12 months
- Deferred annuities: tax-deferred growth for future income
- Optional lifetime income riders
What it covers
Guaranteed income
Fixed monthly payments for life or a set period.
Principal protection
Fixed & indexed annuities don't lose value in market downturns.
Tax deferral
Growth accumulates tax-deferred until withdrawal.
Legacy benefits
Remaining balance passes to beneficiaries.
Frequently asked questions
Are annuities safe?+
Fixed & fixed-indexed annuities are backed by the insurance carrier's reserves & by state guaranty associations. We only recommend carriers rated A- or better by AM Best.
Can I access my money?+
Most annuities allow 10% annual free withdrawals. Full surrenders before the surrender period ends may incur charges.
Ready to compare your options?
Talk with a licensed independent advisor — no cost, no pressure, no obligation.