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Explore annuity options that may help protect retirement savings, create predictable income and support your long-term financial goals.
- ✓ Learn how different annuity options work.
- ✓ Review income, growth and protection features.
- ✓ Receive personalized guidance from our team.
Request information or schedule a retirement conversation with Ins Made Easy.
Annuities may provide options for future income, tax-deferred accumulation and principal protection.
Turn a portion of your savings into a retirement strategy.
An annuity is an insurance contract that may provide accumulation, protection or future income features depending on the contract.
- Designed for long-term financial goals
- Different income and accumulation options
- Issued and backed by an insurance company
What is an annuity?
An annuity is a contract with an insurance company. You make a single payment or a series of payments, and the contract may provide tax-deferred accumulation or future income based on its terms.
Annuities are designed for long-term goals and may be considered by people who want an additional source of retirement income or who want to reduce exposure to certain market risks.
Your age, income needs, liquidity, existing savings, tax situation, time horizon and risk tolerance should all be considered.
Explore common types of annuities
Different contracts are designed for different income, growth, protection and timing needs.
Fixed Annuities
Fixed annuities may credit a stated interest rate for a specified period while protecting contract value from direct stock market losses.
- Predictable interest-crediting structure
- Designed for conservative long-term goals
- Insurance-company guarantees apply
Fixed Indexed Annuities
Interest credits may be linked in part to the performance of a market index, subject to contract limits, formulas and participation terms.
- Potential index-linked interest credits
- Not directly invested in the index
- Contract terms determine credited interest
Immediate Annuities
Immediate annuities are generally funded with a lump sum and are designed to begin income payments soon after the contract is established.
- Income may begin relatively soon
- Multiple payout structures may be available
- Designed primarily for income needs
Deferred Annuities
Deferred annuities are designed to accumulate value before income withdrawals or annuity payments begin at a later time.
- Longer accumulation period
- Income may be planned for a future date
- Different crediting methods may be available
Why some people consider annuities
Contract features differ, but annuities may offer several retirement planning benefits.
Retirement Income
Certain contracts can be structured to provide income for a chosen period or, when selected, for life.
Tax-Deferred Accumulation
Earnings generally are not taxed until money is withdrawn, subject to applicable tax rules.
Principal Protection Options
Certain fixed contracts may protect contract value from direct losses caused by stock market declines.
Flexible Timing
Depending on the contract, income may begin soon or may be deferred until a future date.
Optional Contract Features
Additional riders or benefits may be available for an extra cost, subject to carrier and contract terms.
Beneficiary Options
Certain contracts may include death-benefit provisions for named beneficiaries.
Create a more intentional retirement income strategy.
Retirement planning is not only about accumulating savings. It is also about deciding how those savings may support your lifestyle after regular employment income ends.
- Consider when retirement income should begin
- Review essential and discretionary expenses
- Account for other income sources
- Preserve appropriate emergency liquidity
Retirement income conversation
Topics commonly reviewed when considering an annuity.
An annuity may be one part of a retirement strategy and should not automatically replace all liquid savings or investments.
Who may consider an annuity?
Suitability depends on the individual, the specific contract and the role the annuity would serve.
An annuity may be worth exploring if you:
- Are preparing for or already living in retirement
- Want to explore predictable income options
- Have funds intended for long-term goals
- Are concerned about certain market risks
- Understand that annuities may limit short-term liquidity
Important questions to discuss include:
- How soon might you need access to the money?
- What other retirement income sources do you have?
- How long is your planning time horizon?
- What guarantees and contract features matter most?
- What fees, surrender periods and limitations apply?
How to explore your retirement options
Start with your goals and review the contract carefully before making a decision.
Identify Your Goals
Consider income needs, timing, liquidity and protection priorities.
Request Information
Tell us what you are trying to accomplish in retirement.
Compare Options
Review rates, benefits, surrender terms, fees and limitations.
Make an Informed Choice
Decide whether the contract fits your broader retirement strategy.
Important annuity considerations
Annuities are long-term insurance contracts. Review all contract details and consider how the product affects your access to money, taxes and overall retirement plan.
- Withdrawals may be subject to surrender charges during the contract’s surrender period.
- Taxable withdrawals before age 59½ may be subject to an additional federal tax unless an exception applies.
- Guarantees depend on the claims-paying ability of the issuing insurance company.
- Fixed indexed annuities do not directly invest contract funds in a market index.
- Riders and optional benefits may involve additional charges, restrictions or eligibility requirements.
- Replacing an existing annuity can restart surrender periods and may not always be beneficial.
Retirement and annuity questions
Learn more about how annuity contracts may work.
Explore your retirement income options.
Request information or schedule a retirement conversation with our team.
Annuities are long-term insurance contracts and are not appropriate for every person or financial situation. Product availability, interest rates, crediting methods, benefits, riders, surrender charges, exclusions, limitations and eligibility vary by carrier, contract and state. Guarantees are subject to the claims-paying ability of the issuing insurance company. Withdrawals may be taxable, may reduce contract benefits and may be subject to surrender charges. Certain taxable distributions before age 59½ may be subject to an additional federal tax unless an exception applies. Ins Made Easy does not provide legal or tax advice. Consult an appropriate legal or tax professional regarding your circumstances. Submitting a request or scheduling a consultation does not create a contract or insurance coverage.