Annuities: Guaranteed Income for Life

Annuities provide guaranteed income you can't outlive, helping you create a personal pension to supplement Social Security and Medicare.

What Are Annuities?

An annuity is a contract with an insurance company where you pay a lump sum or make payments over time, and in return, the insurer guarantees income payments for a specified period or for life. Annuities can provide predictable income, tax-deferred growth, and protection from market volatility.

Types of Annuities

Fixed annuities guarantee a set interest rate and predictable income. Variable annuities invest in mutual funds and offer potential for higher returns (but also more risk). Indexed annuities tie returns to a market index with downside protection. Immediate annuities start paying income right away, while deferred annuities accumulate value before income begins.

Who Should Consider Annuities?

Annuities make sense if you want guaranteed lifetime income you can't outlive, need to supplement Social Security and pension income, want tax-deferred growth on retirement savings, or are concerned about outliving your assets. They're particularly valuable for retirees who want to create a personal pension.

Why Work With an Independent Broker?

We represent multiple annuity providers, compare rates and features across different types of annuities, explain fees and surrender charges clearly, and help you determine if an annuity fits your retirement income plan. Our services are free—we're compensated by the insurance companies.