Conservative by nature.
Creative by design.
Delivering on promises.
An annuity is a simple and powerful way to turn your retirement savings into a guaranteed income stream.
If you’re looking for a way to maximize your retirement income, and enjoy the peace of mind that comes with a guaranteed income stream, consider an annuity as part of your retirement plan.
As you approach retirement, you may be looking for ways to ensure a stable and predictable income stream in your later years. That’s where an annuity can help.
1. Principal:
The amount of money that you initially invest in the annuity.
2. Accumulation:
Phase in which the principal amount earns interest or investment returns, which grow until you begin receiving payments.
3. Tax Deferred:
All earnings are tax-deferred allowing your money to grow faster.
4. Payout Rate:
The rate at which the annuity pays out income. Can be fixed or variable based on the performance of the underlying investment.
5. Death Benefit:
Feature that provides a lump sum payment to the annuitant’s beneficiaries if the annuitant dies before end of annuity period.
Surrender Charges: These are fees that may be assessed if you withdraw money from the annuity before the end of the surrender period, which is typically several years after the annuity is purchased.
Rider Options: Some annuities may offer optional features, such as guaranteed minimum income benefit, cost-of-living adjustments, or long-term care benefits, which can be added for an additional cost.
