Income annuities can help you retire worry free with guaranteed income that will last through retirement, never go down, and that you can never outlive. Think of it like a paycheck for life because it provides a guaranteed income stream.
Whatever you dream of when it comes to retirement, making sure you'll have the money to make it happen is an important part of your financial plan. These days, fewer and fewer companies are offering pensions, and the future of Social Security is uncertain. So now, more than ever, people have to rely on themselves to plan for their finances in retirement. An annuity is one way to make sure your retirement goals stay on track, giving you a steady stream of income that doesn't change based on market volatility and is guaranteed to last the rest of your life.
There are different types of annuities that might be right for you depending on your goals. Income annuities are typically purchased close to retirement and give you predictable income for the rest of your life.
An income annuity can help you make sure you're ready for whatever life throws at you. It means you won't outlive the income stream and won't have to worry about running out of money in retirement. And it means you won't be at the mercy of the markets or the future of Social Security when you're ready to retire.
Many of our income annuities come with an optional death benefit feature to make sure your loved ones will get back at least what you've put into your annuity if you pass away before your income payments start.
Like with all financial products, annuities do come with some costs. But depending on the type of annuity you purchase, it could come with some big benefits like tax deferral, a minimum death benefit, and/or guaranteed income for life. Even better, the income from your annuity will never go down—in fact, some annuities earn dividends, meaning your income could go up over time.
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