Annuities are flexible products and, depending on the type, can meet needs for protected lifetime income, growth, and downside protection.
You purchase an annuity from a life insurance company
It can be a lump sum or multiple payments
Your money can grow tax-deferred until you withdraw it1
Additional benefits of an annuity can include:Protected lifetime income
- Protected lifetime income
- Protection from market loss2
- Guaranteed death benefit
- A choice of income guarantees3
- Access to your money4
- Qualified retirement plans also offer tax-deferral.
- May offer a fixed return or principal protection that avoids market downturns.
- 3 You can add enhanced lifetime income benefits for a fee.
- May be subject to fees or limitations based on the type of annuity.
See your professional for details.
You can convert your annuity into guaranteed income when you retire
Payments can continue for a specified period of time – or you can choose an option for payments to continue as long as you live.
Certain types of annuities offer you the flexibility to receive guaranteed lifetime income while maintaining access to your money.