Annuities
Protect your savings and create income you can count on in retirement.
What is an annuity?
An annuity is a contract with an insurance company. You contribute money, either as a lump sum or over time, and in return the insurer offers tax-deferred growth and the option to turn your savings into a stream of income, potentially for life.
We focus on fixed and fixed indexed annuities. Fixed annuities credit a declared interest rate. Fixed indexed annuities credit interest based partly on a market index, with protection against index losses. Many annuities offer optional income riders, and most include surrender charges if you withdraw more than allowed during the early years.
Who it's for
- Pre-retirees and retirees who want to protect principal
- People looking for predictable income to supplement Social Security
- Savers who want tax-deferred growth
- Those rolling over funds from a 401(k) or other retirement account
Frequently asked questions
Can I lose money in a fixed or fixed indexed annuity?
Your principal is protected from market losses by the issuing company's guarantees, but early withdrawals beyond the free-withdrawal amount can trigger surrender charges, and withdrawals before age 59½ may incur IRS penalties.
How is annuity income taxed?
Growth is tax-deferred until withdrawn, then generally taxed as ordinary income. Please consult a tax professional about your situation.
What's a surrender period?
It's a set number of years during which withdrawals above a certain amount incur a fee. We'll make sure you understand the schedule before you commit.
Do you offer variable annuities?
Our focus is fixed and fixed indexed annuities. Variable annuities are securities and require separate registration.
Ready to protect what matters most?
Get a no-obligation quote. We'll compare options and explain everything in plain English.