Annuities

An annuity can provide you with a tax-deferred way of saving for your retirement. And once you’ve retired, an annuity can give you a guaranteed stream of income for as long as you live.* It’s like getting a paycheck for the rest of your life; and it can help you maximize your income throughout retirement.

What’s an annuity?
An annuity, in its simplest form, is a stream of income. It may last your lifetime, like a pension, or some other specified period. Payments can start now (an immediate annuity), or at some time in the future (a deferred annuity).

What is the difference between a fixed deferred annuity and a variable deferred annuity?
Fixed annuities generally offer lower risk and lower growth potential, while variable annuities can offer greater growth potential in return for increased risk.

  • Fixed annuities generally offer lower risk and lower growth potential, while variable annuities can offer greater growth potential in return for increased risk.
  • Variable annuities offer more growth potential in return for a higher level of risk. Variable annuities can offer investment choice and flexibility through a variety of professionally-managed investment portfolios. These portfolios generally include stock and bond portfolios, ranging from conservative to aggressive risk levels. The value of a variable annuity will fluctuate, depending on how the investment options perform.