MAKE YOUR MONEY LAST A LIFETIME

Annuities are a way to pay your future self—like a personal pension plan. The money you earn today can provide for the things you need tomorrow.

Annuities are investment products that are designed to provide you with a regular source of income to help you live more comfortably during retirement. Depending on your goals and your financial profile, an annuity can be designed specifically to meet your needs so you can relax, knowing you have a source of income that you won’t outlive.

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Why do you need a deferred annuity?

If you’ve maxed out your 401(k) or IRA contributions, a deferred annuity may be a smart addition to your retirement plans because annuity earnings during the accumulation phase are tax-deferred. And, by converting your accumulated value into a guaranteed income stream, a deferred annuity can provide the same feeling of security you get from earning a regular paycheck—even when you are no longer working.

What Are The Benefits

Annuities offer lots of options that benefit you, including: The ability to invest in many different types of investments. Tax deferral on earnings until funds are withdrawn and favorable tax rates upon withdrawal. Protection from creditors. Provision of a lifetime source of income that goes beyond Social Security and defined-benefit pension plans. Death benefits designed to pay your beneficiary a specified minimum amount

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Safeguard against uncertainty

Unlike many retirement options, fixed deferred annuities earn a guaranteed minimum rate of interest with the opportunity for higher returns as well. Your contribution grows predictably to fund an income you can count on—regardless of market fluctuations.

Did you know?

50% of Workers

Are confident that they know how much income they’ll need in retirement.

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2 in 3 Retirees

Say that Social Security is a major source of their income.

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77% of Americans

Are not on track to have adequate savings if they retire at age 67.

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Key Advantages of Fixed Annuities

Interest rates guaranteed

Your principal is guaranteed because your contribution earns a minimum guaranteed interest rate prior to the payout phase. It grows at a rate you can depend on, with higher declared interest rates also possible. So, unless you make withdrawals, the value of your annuity can only increase prior to beginning payouts.

Money grows tax deferred

Funds accumulate on a tax-deferred basis. This means that like 401(k)s and IRAs, you won’t pay taxes on any annuity earnings until you start receiving income payments or make withdrawals. By timing your payouts to begin when you’re likely to be in a less costly tax bracket, you may enjoy more of what you’ve worked so hard to earn.

Choose how you get your money

Choose to receive payments that last as long as you live, for a fixed number of years, a combination of lifetime with a fixed number of years guaranteed, and several more. Prior to maturity, receiving your accumulated value as a lump sum is also an option. Tax consequences are always an important consideration and working with a trusted financial advisor is a good idea.

Death Benefit

During the accumulation phase, your named beneficiaries will receive the accumulated value of your deferred annuity if you die. These funds avoid the costs, delays and publicity of probate.

Withdraw some of your money without withdrawal charges

The percentage varies, but during the accumulation phase and after the first year, you can withdraw some of your money without any withdrawal charge to pay for unexpected expenses or splurges.