Annuities: contractual income, in steps.
Annuities are insurance contracts that provide a fixed income stream for a person's lifetime or a specified period — a legally binding agreement that transfers longevity risk to the insurer in exchange for premium payments.
How annuities work
An annuity is a customizable contract issued by an insurance company that converts your premiums into a guaranteed fixed income. The type of annuity you purchase determines your future payments.
Annuities are used in retirement planning and can be purchased with a lump sum or through contributions over time — available as fixed, variable, or indexed types.
- Principal protection
- Potential guaranteed lifetime income
- Beneficiary options
- Some annuities are optimized to help fund long-term care
Fixed indexed annuities
Our current offering: fixed indexed annuities share in upside gains while avoiding downside losses. As a result, your investment can only go up — never down.
See how this fits your numbers.
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