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Annuities

Access a reliable source of income throughout your life

An annuity can provide peace of mind in retirement by providing a reliable and predictable source of income that you can count on.

Important things to understand about annuities

Annuities provide a guaranteed income stream during retirement.

With an annuity, you can secure your financial future by ensuring a consistent income stream that will last for the rest of your life, shielding you from market fluctuations and other potential challenges in retirement.

Your money will not be forfeited if you pass away earlier than anticipated.

To protect your loved ones, many annuities come with an optional death benefit feature that ensures your beneficiaries will receive at least the amount you’ve contributed to the annuity if you die prematurely.

Annuities are often more cost-effective than people realize.

While there are costs associated with annuities, they can provide substantial benefits like tax deferral, a minimum death benefit, and guaranteed lifetime income depending on the annuity you choose.

Annuity Options

Fixed Annuity

Earns a guaranteed interest rate set by the insurance company*. This rate helps your money grow steadily over time and is predetermined by the length of the term you choose. The longer you invest, the higher your interest will be.

Fixed-Indexed Annuity

A fixed-indexed annuity combines the benefits of a fixed annuity with upside market participation. The return is tied to an index such as the S&P 500, but offers protection against losses due to market downturns.

Variable Annuity

Allows you to invest in a range of investments such as stocks, bonds, and mutual funds. You can lose money on your investments, but you can enjoy higher growth potential. Returns will depend on how well the investments perform and is not guaranteed.

*Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company. Insurance products may not be available in all states.

If you’re looking for a dependable source of income during your retirement years, an annuity could be a viable option. Fixed and variable annuities are optimal for individuals who are planning for their retirement over a longer period of time, ranging from 10 to 20 years. Immediate annuities, however, are more appropriate for those who are approaching retirement age and need a prompt source of income.

An annuity is a contract with an insurance provider that can offer a dependable source of income during your retirement years. You can opt for an immediate annuity that can start generating income-for-life payments within a year of purchase, or you can go for a flexible premium deferred income annuity that allows you to delay payments to the future.

Planning for retirement is important for everyone. Annuities, along with IRAs, 401(k)s, and pensions, provide an additional avenue to plan for the future. Establishing a consistent stream of lifetime guaranteed income can be a crucial element in your retirement planning.

 

Are you ready to start exploring your options?

Our team will collaborate with you to identify the annuity that meets your needs

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