Guaranteed income you cannot outlive.
Annuities
Annuities are often misunderstood — and sometimes oversold. We cut through the complexity so you can decide if they belong in your plan.
What is an annuity?
An annuity is a contract with an insurance company. You make a lump sum payment or series of payments, and in return, the insurer provides regular disbursements beginning either immediately or at some point in the future. At their best, annuities solve a real problem: the risk of outliving your money.
What you need to know
Fixed Annuities
Provide a guaranteed interest rate for a set period. Simple, predictable, and low-risk. A good option for conservative savers who want certainty.
Variable Annuities
Allow you to invest in sub-accounts similar to mutual funds. Returns vary with market performance. They offer growth potential but come with more complexity and fees.
Fixed Indexed Annuities
Offer returns linked to a market index (like the S&P 500) with downside protection. You participate in market gains up to a cap, but cannot lose principal due to market declines.
Income Annuities
Designed specifically to provide guaranteed lifetime income. You exchange a lump sum for a stream of payments that cannot be outlived — a personal pension.
When do annuities make sense?
Retirees worried about outliving savings
A lifetime income annuity can provide a guaranteed floor of income no matter how long you live.
Those without a pension
If you do not have a defined benefit pension, an annuity can replicate that guaranteed income stream.
Conservative savers near retirement
Fixed and indexed annuities can protect principal while still providing growth potential.
People who have maxed out other tax-deferred accounts
Annuities offer additional tax-deferred growth after you have maxed your 401(k) and IRA contributions.
Common questions
Answers to what most people wonder about.
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Is an annuity right for your plan?
We will help you understand the pros, cons, and alternatives — so you can make a decision you feel good about.