Deferred Fixed
Tax-deferred growth at a guaranteed interest rate. Predictable accumulation with no market risk.
Estimate incomeAnnuities Explained
What Is an Annuity?
An annuity is an insurance contract designed to turn savings into predictable retirement income. You contribute money upfront or over time, and the carrier can provide payments later, sometimes for life.
- You fund the contract. Add a lump sum or scheduled premiums from savings, a rollover, or retirement funds.
- Your money grows or is protected. Growth may be fixed, tied to an index, or based on investments, depending on the product.
- You choose an income plan. Start income right away or later, with options for lifetime payments and benefit riders.
Annuities may fit people who want pension-like income, principal protection, tax-deferred growth, or help reducing the risk of outliving savings. They are not one-size-fits-all savings accounts, so liquidity, fees, surrender periods, and guarantees matter.
Quick Estimator
Annuity Income Calculator
See a ballpark monthly income figure for a deferred fixed annuity. Adjust your current age, deposit, and the age you want income to start — actual rates vary by carrier and product.
456280
$10K$500K$1M
466585
Must be at least one year after your current age.
Estimated monthly income
$ 911 /mo
About $10,932 per year, for life
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Hypothetical illustration only. Assumes a 5% annual growth rate during accumulation and a life-only single-premium immediate annuity at payout. Not a quote, offer, or contract for insurance.
Annuity Options Tailored To Your Timeline
Annuities trade a lump sum or series of premiums for guaranteed income later. Different structures fit different goals — from market protection to lifetime paychecks.
Immediate Income
Convert a single premium into lifetime monthly income starting right away — ideal at retirement.
Estimate incomeFixed Indexed
Growth potential tied to a market index with a floor that protects your principal from losses.
Talk to an advisorVariable
Investment sub-accounts offer market participation with optional living benefit riders.
Talk to an advisorBefore You Buy
Things To Consider Before Choosing an Annuity
The right annuity depends on your timeline, income needs, risk tolerance, and how much flexibility you want after the contract starts.
- Surrender periods: Many contracts charge a fee if you withdraw too much during the early years.
- Liquidity: Some contracts allow partial withdrawals, but annuities are usually built for long-term planning.
- Fees and riders: Income riders, death benefits, and investment options can add value and cost.
- Taxes: Growth is generally tax-deferred, but withdrawals may be taxable as ordinary income.
- Carrier strength: Guarantees depend on the claims-paying ability of the issuing insurance company.
- Payout choices: Life-only, joint-life, period certain, and refund options can change monthly income.
Turn Your Savings Into Guaranteed Income You Can’t Outlive.
Compare annuity options with an advisor before you lock into a contract.