Annuities for Retirement
Discover how annuities can help create guaranteed retirement income, protect your savings, and provide greater financial confidence throughout retirement.
What Are Retirement Annuities?
Use a clear and attention-grabbing short paragraph to engage your audience and draw them into reading the rest of your content.
A retirement annuity is a financial product offered by an insurance company that can help convert your savings into a stream of income. Depending on the annuity you choose, it may provide guaranteed income for a specific number of years or even for the rest of your life.
Annuities can also offer tax-deferred growth and, in some cases, protection from market downturns. They are often used alongside Social Security, pensions, and retirement savings to create a more predictable retirement income plan.
Types of Retirement Annuities
Fixed annuities offer a guaranteed interest rate for a specified period, making them a popular choice for individuals seeking stability and predictable growth.
Best for:
Conservative investors
Predictable returns
Principal protection
Fixed indexed annuities earn interest based on the performance of a market index while protecting your principal from market losses, subject to the terms of the contract.
Best for:
Long-term retirement planning
Growth potential with downside protection
Individuals seeking a balance between safety and growth
Immediate annuities begin making income payments shortly after a lump-sum investment, making them a common choice for retirees who want income right away.
Best for:
Recently retired individuals
Guaranteed monthly income
Supplemental retirement income
Deferred annuities allow your money to grow tax-deferred before income payments begin at a future date.
Best for:
Individuals still saving for retirement.
Long-term retirement planning.
Future income needs.
Key Benefits of Retirement Annuities
Annuities can help provide greater financial confidence by creating dependable income and protecting a portion of your retirement savings.
Guaranteed Lifetime Income
Many annuities offer income options that provide guaranteed payments for life, helping reduce the risk of outliving your retirement savings.
Tax-Deferred Growth
Compare participation rates, caps, and crediting strategies to maximize your policy’s long-term growth potential.
Protection From Market Volatility
Certain annuity products offer principal protection while providing growth opportunities linked to market indexes, subject to the contract’s terms.
Recent Retiree
A newly retired couple purchases a fixed indexed annuity to create dependable monthly income alongside Social Security benefits.
Conservative Investor
An individual nearing retirement moves a portion of their retirement savings into an annuity to reduce exposure to market volatility.
Long-Term Planner
A retiree uses an annuity to help cover essential monthly expenses while leaving investment accounts available for long-term growth.
Before Purchasing an Annuity
What You Need to Know
Choosing the right annuity starts with understanding how different products work and how they fit into your overall retirement plan.
Fixed, fixed indexed, and variable annuities each offer different features, levels of risk, and growth potential.
Some annuities begin paying income immediately, while others allow your savings to grow before you start receiving payments.
Many annuities include surrender periods or withdrawal limits, so it’s important to understand when and how you can access your money.
ADD AN OVERLINE
Build a More Confident Retirement Strategy
Annuities can play an important role in creating dependable retirement income and helping protect your financial future. Whether you’re planning ahead or preparing to retire, our experienced professionals can help you compare annuity options and choose a solution that supports your long-term goals.
Helping Families Retire With Confidence
We help individuals and couples compare retirement annuities, evaluate income strategies, and choose solutions designed to provide long-term financial security.