This is not your father’s annuity.
Looking to balance upside growth with downside risk protection?
Annuities include both variable and fixed options, allowing you to choose the best fit for your financial goals and risk tolerance. Explore a range of variable and fixed annuities designed to provide a steady income stream during retirement.
Flexibility. Growth. Insurance. Oh My! See how adding an annuity to your investment portfolio could be an option to align with your goals. Contact us.
I thought annuities were for old people. Why is an annuity important today?
Annuity products are designed to help individuals work toward their financial future. Here’s an overview of the main annuity types and optional riders that might fit your needs:
Variable Annuities1
Use arrow keys to navigate between tabs
This annuity type offers a combination of growth potential and protection. It allows you to customize your investment strategy based on your distinct needs, providing a range of index-linked investment options.
Related Riders4:
- Guaranteed Income Riders: Provide guaranteed lifetime income, even if the account value drops to zero.
- Lifetime Income Riders: Offer daily growth of the income base, regardless of market performance.
Variable annuity products offer a wide range of investment options designed to deliver growth efficiencies. They are designed for those looking to manage their investment potential while insuring income sources they need for retirement.
Related Riders4:
- Lifetime Income Riders: Offer daily growth of the income base, regardless of market performance.
- Spousal Protection Riders: Provide benefits and tax advantages for a surviving spouse.
Fixed Indexed Annuities2
Use arrow keys to navigate between tabs
These annuity products offer guaranteed protection against market loss while offering the opportunity to grow your money based on the performance of a selected index.
Optional Riders4:
- Income Riders: Guarantees lifetime income.
- Enhanced Death Benefit Riders: Provides an enhanced death benefit to beneficiaries.
Fixed Annuities3
Use arrow keys to navigate between tabs
These annuity products are designed to offer guaranteed and predictable growth over a specified period.
Optional Riders4:
- Income Riders: Guarantees lifetime income.
- Enhanced Death Benefit Riders: Provides an enhanced death benefit to beneficiaries.
Provides guaranteed daily growth of future income regardless of market performance, ensuring a steady income stream.
Optional Riders4:
- Income Riders: Guarantees lifetime income.
- Enhanced Death Benefit Riders: Provides an enhanced death benefit to beneficiaries.
Annuities can include fees, surrender charges, taxes, and market risk.
Deep Dive: Variable Annuities1
Variable annuities are designed to offer growth potential through a variety of investment options while providing the flexibility to adjust your investment strategy as your needs change. Here are some key features:
- Investment Options: Variable annuities allow you to choose investment options, known as subaccounts or separate accounts, to participate in the market. This provides the potential for higher returns compared to fixed annuities.
- Tax-Deferred Growth: Earnings on investments within a variable annuity grow tax-deferred, meaning you don’t pay taxes on the gains until you withdraw the money.
- Optional Riders4: Riders can enhance the benefits of variable annuities by providing guaranteed income and growth potential.
Variable annuities are a versatile option for those looking to balance growth potential with income security in retirement. They offer a range of investment choices and optional riders to customize your annuity to fit your financial goals.
Annuities can include fees, surrender charges, taxes, and market risk.
1Variable Annuities are suitable for long-term investing, such as retirement investing. Withdrawals prior to age 59 ½ may be subject to tax penalties and surrender charges may apply. Variable annuities are subject to market risk and may lose value.
2Fixed Indexed Annuities (FIA) are not suitable for all investors. FIAs permit investors to participate in only a stated percentage of an increase in an index (participation rate) and may impose a maximum annual account value percentage increase. FIAs typically do not allow for participation in dividends accumulated on the securities represented by the index. Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Withdrawals prior to 59 ½ may result in an IRS penalty, and surrender charges may apply. Guarantees are based on the claims-paying ability of the issuing insurance company.
3Fixed annuities are suitable for long-term investing, such as retirement investing. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.
4Riders are additional guarantee options that are available to an annuity or life insurance contract holder. While some riders are part of an existing contract, many others may carry additional fees, charges and restrictions, and the policy holder should review their contract carefully before purchasing. Guarantees are based on the claims paying ability of the issuing insurance company.
You can do it. We can help.
Ready to take the next step in your financial journey? Contact us today to schedule a consultation with one of our skilled financial professionals. We look forward to helping you work toward your financial goals.