Annuities

 

An annuity can help you accumulate tax-deferred earnings as part of your overall retirement plan. Annuities offer the opportunity for lifetime payments and tax-deferred earnings, and provide a guaranteed death benefit for your beneficiaries. All guarantees are backed by the continued claims-paying ability of the issuing insurance company.

 

You may want to consider an annuity as part of your long-term financial strategy if:

 

• You’re in a higher tax bracket, and want to defer additional income.

• You’ve reached your deductible limit on all your retirement accounts and wish to save more for retirement.

• You value safety of principal with no downside market risk*.

 

An annuity is different from most other retirement savings vehicles — it’s actually a contract between you and an insurance company. In return for making one or more premium payments, the insurance company agrees to provide you an income stream — usually during retirement. You can elect to receive payment all at once or as a series of payments, even for the rest of your life.

 

*This is not a feature of some annuity products. There are many types of annuity products available, some of which are direct investments in the market. Before you purchase any annuity, it is advised that you meet with a licensed and trained professional with experience in many types of annuities.