• Annuities
Being ready for retirement and meeting your other financial goals doesn't just mean you've saved enough money. It also means feeling confident because you have the guaranteed income you need.

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What are they?

Annuities are investments issued by insurance companies that can be used to help build a guaranteed income stream or a retirement nest egg. It’s like being able to create your own pension fund or IRA. Annuities come in many varieties, helping investors reach diverse retirement goals.

Annuities may be good for investors…

  • seeking stable, guaranteed lifetime income
  • looking to save more for retirement in a tax-deferred investment vehicle
  • wanting asset protection with the potential for growth

How $100,000 could grow in an income-focused FIA


Looking for protection and growth potential for your savings?

When it comes to your hard-earned retirement savings, does the thought of letting your money ride with the ups and downs of the stock market give you an uneasy feeling? But you don't want to miss out on the sharing in some of the potential gains? A more conservative solution, called a fixed indexed annuity (FIA) may be right for you.

An FIA gives you protection from market losses and growth potential based on a market index (like the S&P 500®) — without the risk of actually participating in the market.


How downside protection and growth potential work together

To illustrate performance in both up and down market conditions, this example shows $100,000 in premium in an accumulation-focused FIA compared to what would happen to $100,000 invested in the S&P 500®

S&P 500® Index Fixed Indexed Annuity

Scroll on the graph to zoom in and out. Drag left or right to pan the graph

This graph assumes no fees, charges or withdrawals are taken during this period. Index performance is not indicative of future results. The index does not reflect dividends paid on underlying stocks.

The hypothetical performance of an FIA assumes a $100,000 premium and a one-year point-to-point crediting method. The example rates may not reflect rates currently available.

This hypothetical example is for illustrative purposes only and not intended to be the performance of any specific product.

Calendar year returns as of December 31, 2021.


Annuity Myths

Learn the truth behind common annuity myths.

“If I buy an annuity, I don’t have access to my money.”

Many annuities allow for penalty-free withdrawals and amounts in excess of the penalty-free amount may be subject to surrender charges. Many of the annuities we carry include riders, at no additional charge, that give you penalty-free access to 100% of your money if you meet certain conditions in regards to terminal illness or nursing home or home health care. These liquidity features may vary by state. Talk with your independent producer for availability.

“When I die, the insurance company keeps my remaining money.”

Fixed and fixed indexed annuities that haven’t been annuitized have surrender charges waived if the annuitant dies. Any remaining account value is passed to the beneficiaries you named and usually avoids probate.

“I have to pay the insurance agent out of my own pocket in order to buy an annuity.”

You are not required to pay the insurance agent directly in order to buy an annuity. Your full premium is available to potentially earn interest from the annuity’s effective date. The annuity products we offer are only offered through licensed insurance producers, who are compensated through commissions which are not deducted from the premium paid for the policy.

“Annuities carry hidden fees.”

Depending on the type of annuity you purchase (immediate, fixed or fixed indexed), your policy could have no charges. But some annuities do have surrender charges on withdrawals taken during your surrender charge period. Some plans may offer options to take a portion surrender-penalty free. Plus, some fixed indexed annuities have additional fees with optional riders for guaranteed lifetime income, a specific growth rate, wealth transfer and healthcare. These features provide more benefits and can add more value to your policy.

“Annuities are complicated.”

Annuities with a guaranteed lifetime withdraw benefit work similar to Social Security or a pension. It can guarantee you a lifetime stream of income, subject to certain conditions and assuming no excess withdrawals are taken.

“Annuities are tied to the stock market, so I could lose my money.”

With a fixed indexed annuity, your money is not invested in the market, but it provides the potential to earn interest linked to an index. So your account value will never be credited less than zero if the index decreases. Plus your account value can grow if the index increases.