Annuities

Peace of of mind about your retirement income.

What is an annuity?

An annuity can be a powerful tool in securing your financial future, especially during retirement. One of the key benefits of an annuity is the guaranteed income stream it can provide, giving you peace of mind knowing that you have a steady source of income in your later years.

Additionally, annuities offer tax-deferred growth on your investments, meaning you won't have to pay taxes on your earnings until you start making withdrawals. This can help your money grow faster over time and provide you with more funds when you need them most.

Another advantage of annuities is their flexibility. They come in various types and structures, allowing you to choose one that best fits your financial goals and needs. Whether you're looking for a fixed income stream or want the potential for higher returns with variable annuities, there's an option out there for you.

Types of annuities

  • Fixed Annuity

    A fixed annuity is a type of insurance contract where an individual pays a lump sum or periodic payments to an insurance company in exchange for guaranteed income over a specified period. The keyword "fixed" refers to the fact that the interest rate on these annuities remains constant throughout the term.

  • Index Annuity

    Unlike other types of annuities, index annuities provide a unique combination of downside protection and upside potential. This means that while your principal investment is protected from market downturns, you also have the opportunity to earn returns based on positive market performance.

  • SPIA Annuity

    With a SPIA Annuity, individuals make a lump-sum payment to an insurance company in exchange for regular income payments that start immediately or within a short period of time. This type of annuity is particularly beneficial for those who are looking for stable and consistent income throughout their retirement years.