Retirement annuities

Annuities convert your savings into a guaranteed monthly income for life — the only financial tool that eliminates the risk of outliving your money.

Get a free quote

Agent tip

Buying when you're young and healthy is the best financial decision. The premium rises with age and health status.

What's included?

Guaranteed lifetime income

You receive guaranteed monthly payments for as long as you live — no matter how long that is.

Tax-deferred growth

Your savings grow tax-deferred during the accumulation phase — you pay taxes only when you receive income.

Key benefits

Types: fixed, indexed and variable

Fixed annuity: guaranteed rate. Indexed: tied to an index with 0% floor. Variable: market investment. We explain which suits you.

No risk of running out of money

Unlike retirement funds (401k/IRA), annuities with lifetime income guarantee payments regardless of what happens in the markets.

Beneficiary included (death benefit)

Many annuities include a death benefit ensuring your heirs receive the remainder if you die before using all the capital.

Frequently asked questions

At what age does it make sense to buy an annuity?

For deferred annuities (savings), between age 40-60. For immediate annuities (income now), generally at or near retirement (60-70). Buying earlier maximizes growth time.

Can I withdraw money from an annuity early?

Yes, but there may be surrender charges in the early years and IRS tax penalties of 10% if you withdraw before age 59½. Each contract has its own terms.