What is an Annuity?
Annuities are designed to help you grow your retirement income. They’re long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments.
How does it work?
An annuity is a long-term investment that is issued by an insurance company, and is designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.
Our Products
Structured Annuities
Also known as registered index-linked annuity (RILA), is a long-term tax-deferred savings option that offer investors balance, control, and flexibility to help make their financial future more predictable.
- Upside potential
- Downside protection
- Pay less
With structured annuities, you accept a level of risk in exchange for higher upside potential.
Variable Annuities
Variable annuities are long-term, tax-deferred vehicles designed for retirement purposes and are subject to investment risk, including possible loss of principal. Variable annuities also offer greater opportunity to share in potential market gains along with these four main features:
- Wide selection of investment options
- Tax-deferred earnings accumulation
- Guaranteed death benefit options
- Guaranteed lifetime payout options
