It could be an annuity.
An annuity can help you replace your paycheck, cover your essential retirement expenses, maintain your desired lifestyle and leave a legacy. Here are the types of annuities we offer you.
Fixed Annuities
The “fixed” in “fixed annuity” refers to the fixed rate of interest crediting that’s applied to your annuity. And fixed annuities offer growth potential without any stock market losses.
Fixed Index Annuities
Fixed index annuities (FIAs) offer custom growth potential but without any stock market losses.1 And some include ways to build a source of lifetime income.
Income Annuities
It’s in the name: an income annuity can give you steady income for your basic expenses, lifestyle expenses, or both.
Variable Annuities
A variable annuity gives you investment flexibility and growth potential to help you keep up with changes in your life and retirement.
An annuity can do things for you that other products can’t.
Taxes make growing your money harder. But your money can grow faster with an annuity because any growth is tax-deferred until you start taking withdrawals. Watch how that works.2
You need a way to grow your money that fits your personal preferences. Different types of annuities give you many ways to do that including:
- Fixed, guaranteed growth potential3
- Growth potential with zero market losses1
- Greater growth potential but with market risk4
- Watch how one kind – a fixed index annuity – may help you grow your money without any down market losses.1,5
Do you know how to make your retirement savings last for what could be a 30+ year retirement? Watch how a fixed annuity can give you protected income you can’t outlive.
7 in 10 people aged 65+ will need long term care (LTC) for everyday things like eating and getting dressed.6 But your savings may not cover your LTC needs. Watch how a fixed annuity with LTC benefits can help.
Planning to leave something to your loved ones? Wondering how much of your money will be left? Certain annuities offer death benefit options (some available at an additional cost) that can make your legacy planning more predictable.
So, what is an annuity?
An annuity is a contract between you and an insurance company.
They’re meant for a portion, not all, of your retirement savings.
How do you buy an annuity?
You can purchase an annuity with a single payment or through a series of payments.
Where do you buy one?
To purchase an annuity, talk to your financial professional.
What do you get from an annuity?
That depends. There are many different kinds of annuities that can help you reach your goals.
How do you choose the right one?
Your financial professional can help you pick the one that best meets your needs.
Thinking of adding an annuity to your retirement strategy?
Talk to your financial professional today to see which type of annuity makes sense for you. You can also view our Consumer Guide to Annuity Purchasing.