Tax Advantage | Investment Flexibility

With an IRA, you’re able to save for retirement with tax advantages. Compared to a 401(k), which you usually invest in through payroll contributions at your employer, an IRA is opened by an individual through a financial services provider, such as an investment firm or bank. IRAs allow you to choose among investment options like mutual funds, individual securities, and annuities. There are two common types of IRAs: traditional and Roth; each have different eligibility requirements, contribution limits, and tax benefits.

Predictability | Liquidity | Death Benefit

A deferred annuity is specifically designed to help accumulate assets for retirement. It also offers the ability to turn those assets into a guaranteed stream of income at some point in the future. You decide when payments begin and how long to receive income. There are basically two types of deferred annuities: fixed and variable.

Growth Potential | Death Benefit | Income Options

People are generally living longer and that means more time and savings could be spent in retirement. If you need a tax-deferred investment to provide a guaranteed¹ stream of income for life or a specified number of years, it might be worth considering an annuity. An annuity is a contract between an insurance company and an annuity owner. In exchange for a purchase payment, or series of payments, the insurance company guarantees¹ to pay a stream of income in the future.

An immediate fixed and variable annuity provides a guaranteed stream of income. The variable income payments fluctuate based on the performance of the variable investment choices selected. A fixed account is also usually offered as an investment choice within this type of contract.

An income annuity provides an income stream immediately or at a specified future date. Income annuities are designed to provide guaranteed income for the rest of your life. Choose between a single premium income annuity (SPIA), which can provide immediate income in exchange for a single purchase payment, or a deferred income annuity, which guarantees future income and generally allows you to make multiple purchase payments over time (with some restrictions).

Income annuity features and benefits

Guaranteed income
Income annuities can provide guaranteed income for life or for a specific amount of time that you choose. Immediate income annuities start paying income right away; deferred income annuities provide guaranteed income in the future.

Death benefit
Deferred income annuities typically provide a death benefit before income payments begin. Whether an income annuity provides a death benefit after income payments begin depends on the income option you choose.

Income options
An income annuity can help fund necessary expenses in retirement, like food, medical, and housing.

A fixed index annuity links its return potential to market indices, such as the Standard & Poor’s 500 Index®. The performance of the index over a specific time frame helps determine the interest credited to the annuity.

Who should consider a fixed index annuity?
If your financial goals are long term and you’re looking for moderate asset growth, principal protection, and a low-risk way to generate guaranteed income, a fixed index annuity may be an option for you. 

Fixed index annuity features and benefits

Potential for growth
Interest is credited to an index account based in part on the performance of an external index.

Lifetime income
Fixed index annuities provide lifetime income through a series of periodic income payments or a guaranteed lifetime withdrawal benefit rider (elected at application for an additional cost).

Protection from market loss
Fixed index annuities protect your contract value from market loss, whether you focus on asset growth or lifetime income. In years where there is little or no interest credited, however, the costs for riders such as a guaranteed lifetime withdrawal benefit may slightly decrease contract value.

Permanent life insurance provides you with financial protection for your entire life, as long as the policy remains in force. Because of the flexibility permanent life insurance offers, there are several types of policies you can purchase.

The benefits of whole life insurance include guaranteed fixed premiums, a guaranteed death benefit and guaranteed cash value growth. This means that with whole life insurance, your premiums never increase as long as they’re paid, and the policy has “living benefits”, which may enable you to access the cash value of the policy for any purpose while you’re alive.² One thing to keep in mind when taking a distribution from a whole life insurance policy is that accessing the policy’s cash values will reduce the policy’s cash value and death benefit and increase the chance the policy will lapse.