Retirement Savings with Annuities

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Retirement is a time to embrace and enjoy life. No matter how or when you want to retire, now is the time to start planning. Ensuring you can maintain a comfortable lifestyle, grow your assets and protect your loved ones is essential. You’ll also need income for as long as you live.

If you’re like many of today’s retirees, traditional sources of retirement income will only fund a portion of your retirement. Annuities can help to fill the gap by providing additional protection for your assets.

An annuity is a specific type of life insurance product. In simple terms, it’s a long-term contract between you and a life insurance company and one of the few investments that can provide a stream of payments for life. Annuities offer estate planning benefits that can help you transfer your assets to your beneficiaries more efficiently by avoiding the delay, cost and publicity of probate, while facilitating the rewards of a lasting legacy for your loved ones.

Fixed Annuities

Low risk. Guaranteed growth. Lifetime income. Our flexible, tax-deferrable Fixed Annuities are particularly well-suited for growing retirement savings. Invest a specific amount of money now, then get all of your investment, plus interest at a fixed rate, distributed in regular installments later. This creates a reliable stream of income, while the remaining balance continues to grow at the specified fixed rate of return.

Whether you are retired now, retiring soon, or retiring years from now, we have the right fixed annuity to help secure your personal financial future.

Tax-deferred growth at a fixed rate
Variety of interest rate guaranteed periods
Choice of annuity income payment options, including income for life
Variety of interest rate guaranteed periods
Terminal illness, nursing home, and unemployment surrender charge waivers
Estate planning benefits

Variable Annuities

We provide customizable, competitive Variable Annuities to meet a broad range of retirement and investment planning needs. One of the few investments that can provide a stream of payments for life, variable annuities feature options that can help protect against market risk.

In addition to annuity income payments, optional protected lifetime income benefits allow you to remain invested in a variable annuity to continue capturing market gains with added protection from downside risk. Benefit withdrawals are guaranteed to last your lifetime or that of you and your spouse.

Whether you are retired now, retiring soon or retiring years from now, you’ll discover a wealth of options to help secure your personal financial future with our innovative, customizable variable annuity solutions.

Tax-deferred growth
Variety of asset classes and professionally managed investments
Access to your money
Choice of annuity income payment options, including income for life
Protected growth and income benefits
Estate planning benefits
Unique death benefit free option
Annuitization benefit
Optional protected lifetime income benefits providing for withdrawls lasting a lifetime

Single Premium Immediate Annuities

While annuities are designed for retirement savings, immediate annuities are designed to provide income now. Simple, secure and smart—our Single Premium Immediate Annuities feature many benefits, such as flexibility, high returns, and preferred tax treatment. They enable you to convert assets into a reliable stream of payments, now and for as long as you choose throughout your lifetime.

One of the many advantages of purchasing a single premium immediate annuity with after-tax dollars is that a portion of your payments will not be subject to income tax. Your annuity income payments will be part interest and part return of your original purchase payment, the amounts of which are determined by the contract’s exclusion ratio. Only the interest portion of your annuity income payments will be taxable.

Converts assets into a reliable stream of annuity income payments
Flexible payout options
Optional annually compounding annuity income payment increases