Annuitites

To build a safe, tax-deferred, high-interest account

Older Womans Hand Picking Grapes from Fruit Bowl

What is an annuity?

An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-term financial goals, under which you make a lump-sum payment or series of payments and the insurer agrees to make periodic payments to you beginning immediately or at some future date.

The four major benefits of ownership

Principal protection
Tax-deferred growth on earnings
Death benefit
Guaranteed Lifetime Income Riders

Principal Protection – An annuity is an insurance contract, which means your principal cannot be lost due to market volatility¹.

Tax-deferred growth – You don’t pay taxes on interest earned in the annuity until the money is withdrawn.

Death benefit – Upon death, a properly structured annuity would be paid to the beneficiary without going through probate court.

Guaranteed income stream – Many retirees use annuities to supplement their income because they offer a fixed monthly payment that can be guaranteed for a certain period or for life.

¹Your principal is guaranteed not to be reduced because of a downturn in the applicable market index. However, withdrawals more than the Free withdrawal amount are subject to withdrawal Charges during the Withdrawal Charge period and may result in a loss of principal.