What Is an Annuity?

What Is an Annuity?

An annuity is an insurance contract designed to convert savings into income. In retirement planning, annuities can help create a predictable paycheck to support everyday living expenses.

How an annuity works

Depending on the type, annuities can protect principal, defer taxes, or generate lifetime income. Payments can start immediately or be deferred to a future date.

When an annuity may fit

• You want a steady income stream in retirement.
• You want protection from market volatility on a portion of your assets.
• You want coverage for longevity risk—the risk of outliving your savings.

Common types

• Fixed Annuity
• Fixed Indexed Annuity
• Immediate Annuity
• Deferred Annuity

Your next step: request a Retirement Income Analysis so we can evaluate whether an annuity fits your income plan.

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1Age

2Savings

3ZIP

4Contact

Savings? Number year

What year were you born? *Year of Birth19851984198319821981198019791978197719761975197419731972197119701969196819671966196519641963196219611960195919581957195619551954195319521951195019491948194719461945194419431942194119401939193819371936193519341933193219311930

Annuity returns & suitability are based on age

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How much do you have in Retirement Savings? *

• $0 – $10,000
• $10,000 – $25,000
• $25,000 – $50,000
• $50,000 – $100,000
• $100,000 – $250,000
• $250,000 – $500,000
• $500,000 – $1M
• $1M – $3M
• $3M or more

Different annuities have different investment requirements

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Enter your ZIP code *

Annuity rates vary by State

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Name *

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Annuities are insurance products and may not be suitable for everyone. This page is for informational purposes only and does not provide tax, legal, or investment advice. Any guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.