IMMEDIATE & DEFERRED ANNUITIES

No matter who you are, planning for retirement can be challenging.

 

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Annuities

No matter who you are, planning for retirement can be challenging. Annuities may help eliminate the guesswork. They offer options to help you save for retirement and turn your assets into a steady income stream when the time is right. You decide when and how to take income.

IMMEDIATE ANNUITIES

If you’re looking for a way to transform an amount of money – like an inheritance or IRA rollover – into income that can last the rest of your life, consider an immediate annuity. May pay a death benefit to the people or causes you care about.

  • Several income payout options.
  • Payouts begin immediately.
  • May pay a death benefit to the people or causes you care about.

With an immediate annuity, you can transform a sum of money like an inheritance or IRA rollover into income that starts right away and can last the rest of your life.

It’s a secure and stable way to get income during retirement that you can count on, without the wait.

Immediate annuities let you:

  • Turn a sum of money into income.
  • Receive payments immediately, either for a specified period of time or until you die.
  • Receive the payments in a variety of ways.

SINGLE PREMIUM IMMEDIATE ANNUITY

Convert savings, investments or an inheritance into income to help cover expenses and fill income gaps. These annuities provide a guaranteed income stream, either for a set period of time or for your lifetime. They also may pay a death benefit to the people and causes you care about.

  • Turn a sum of money into an immediate income stream.
  • Flexible payout options.
  • May pay a death benefit.

DEFERRED ANNUITIES

Deferred annuities may help you achieve your retirement savings goals. You won’t pay income taxes until you start taking money out and you get a minimum guaranteed interest rate on fixed annuities. You can choose how and when to receive your income from several payout options, including lifetime income.

  • May pay a death benefit to the people or causes you care about.
  • Options to lock in a future income stream – now or later.
  • Income-tax-deferred growth.

Deferred income annuities

There is a type of deferred annuity, called a deferred income annuity, that is designed solely to create a guaranteed future income. In exchange for higher income payments later, you give up liquidity. With deferred income annuities, you receive guaranteed income payments for the rest of your life.

  • Start taking income payments when you want via several payout options.

Good things may come to those who wait. With a deferred annuity, you set aside money today so you can receive income later. In between, you’ll get tax-deferred growth on any earnings.

Deferred annuities are long-term investments that can be used for retirement income.

With deferred annuities, you:

  • Pay no income taxes until you start taking your money out.
  • Can withdraw up to 10% of the accumulated value each year without a surrender charge (does not apply to deferred income annuities).
  • Manage how and when you take income.

SINGLE PREMIUM DEFERRED FIXED ANNUITY

Turn a single payment into future income. Plus, you earn a fixed interest rate and the opportunity for tax-deferred growth. You also can take limited withdrawals without a surrender charge.

  • Make a one-time payment.
  • Earn a competitive, guaranteed minimum interest rate.

FIXED INDEXED ANNUITIES

Purchase a fixed indexed annuity with a one-time, lump-sum payment and take advantage of growth potential and built-in loss protection. Pay no taxes on earnings until you start taking income. Plus, you can withdraw up to 10% of your value annually without surrender charges.

  • Potential for interest credited annually, up to a cap.
  • No loss of value due to negative market performance.

FLEXIBLE PREMIUM DEFERRED FIXED ANNUITY

Strengthen your savings as you go with flexible premium options. Flexible premium deferred annuities are designed to help you save at your own pace. You can make premium payments as frequently or infrequently as you want (some restrictions apply).

  • Earn a competitive fixed-interest rate.
  • Turn your assets into an income stream later.

DEFERRED INCOME ANNUITY

Guaranteed income can help cover your essential expenses. Purchase a deferred income annuity with a one-time, lump-sum payment and receive guaranteed income payments down the road for one or two people. For many people, it’s a way to help supplement Social Security with an additional guaranteed income.

  • In exchange for higher income payments later, you give up liquidity.
  • Multiple payout options let you choose how/when to take income.

FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY

  • Potential to grow tax-deferred until you start taking withdrawals.
  • Choose how and when you take retirement income.

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