Variable and Fixed Annuities
Annuities can help provide guaranteed growth and guaranteed income
Annuities are contracts with an insurance company that can help protect you against the risk of outliving your assets. Annuities are designed to meet retirement and other long-range goals and provide a guarantee of future income in return for your payments. You may make a single payment or a series of payments and then accrue interest over time. A "deferred annuity" allows you to accumulate funds tax-deferred and then establish a payout stream at a later date. After an initial payment, an "immediate annuity" can begin a guaranteed income stream right away. Annuities offer an array of choices both during the deferral and payout periods to suit your needs and investment style.