What is an annuity?
An annuity is an insurance product that provides safe, tax-deferred growth of your retirement nest egg. Annuities can provide a guaranteed, monthly income for the rest of your life.
The assets of an annuity grow tax-deferred plus the interest gets compounded. Unlike 401(k) type investments, there are no IRS limits to the amount of premiums you can invest into non-qualified annuities.
The underlying investment of your annuity can be fixed, variable or based on an index. You can choose between a guaranteed rate of return, variable or indexed based annuity.
Annuities can be a key part of your retirement strategy. You can lock in a stream of income for life, defer taxes for when your tax bracket will be lower.
Disclaimer: This is not investment advice. All information on this website is intended for your educational purposes only and is not intended to make a recommendation that you purchase an annuity. We are not liable for any potential damages that may be incurred from this information or your use of it. You should always consult a licensed financial or insurance professional and complete a suitability review before investing. Detailed product information such as Surrender Yields, Premiums, Age Restrictions, Riders, Fees and Withdrawals provisions may vary by product, and can vary based on state availability and are subject to change without notice. Some products are not available in all states, and will be provided by a licensed Annuity Agent.
The optional lifetime income benefit riders are used to determine the lifetime payouts only and are not available for cash surrender or as a death benefit unless stated in the annuity contracts and any attached riders, endorsements and amendments. Some fees may apply which are listed in your contract. Surrender fees apply to the base contracts. All guarantees are based on the financial strength and claims paying ability of the insurance company. They are not FDIC or NCUA insured. It is very important that you read all of the insurance contract disclosures carefully before making any purchase decisions. This does not represent taxation, legal, or investment advice.