Annuities
Save for retirement with more certainty.
Annuities can help you save for retirement and turn that money into reliable income for the future. With options for growth, income, and financial protection, you can choose an approach that aligns with how you’re preparing for retirement.
An annuity is a financial product that can help you save for retirement, some can help protect what you’ve built from market declines, and turn that money into income you can rely on later.
Depending on the products and features you choose, annuities can help you:
- Create income for life: Build a potential source of income you can't outlive.1
- Potentially grow the value of your policy: Interest may accumulate tax deferred, until it is withdrawn.2
- Protect what you've built: Choose interest crediting options that offer protection from market declines.3
- Leave a legacy: Provide remaining value to the people you care about, depending on your policy.
Annuity solutions built for real life.
The right annuity depends on how you want to save for retirement and what you want your money to do.
Explore your options.
Pay one lump sum toward retirement.
Designed for people who want to put a one-time amount toward retirement. A single premium annuity offers tax-deferred growth potential based on the interest-crediting options you select.
Potentially build retirement resources over time.
Designed for people who want the flexibility to make multiple contributions while saving for retirement. A flexible premium indexed annuity offers tax-deferred growth potential.
Get a guaranteed interest rate.
Designed for people looking for predictable growth, a fixed single premium annuity is funded with one payment and earns interest at a declared rate. A multi-year guaranteed annuity (MYGA) guarantees an interest rate for a specific period.
Indexed annuities do not directly participate in the market, market indexes, or any stock or equity investments.
Guarantees are based on the claims-paying ability of the issuing company.
1 Lifetime income may be provided either by annuitizing an annuity, or through purchasing an annuity with an income rider and using that rider.
2 Buying an annuity within an IRA or other tax-deferred retirement plan does not offer extra tax benefits. If you are considering an annuity within a retirement plan, focus on its features, benefits, risks, and costs; annuities can come with extra fees and costs that other tax-qualified options in a retirement plan may not have.
3 An indexed annuity’s 0% floor ensures that if index growth is negative during a crediting period, the interest credited to that strategy will not be less than 0%. This helps protect your premiums and any interest already credited from market declines. However, rider charges will still be deducted, even if no interest is credited.
