What most retirees are really looking for is a dependable retirement income that is very secure and one they can count on throughout retirement that may provide money until they die

Like most people you have probably spent many years planning and saving for your retirement. But today, you may very well be a little unsure about spending that money because you are not really sure how long you will need. With today's market volatility, it may have taken away some of the value of the assets you were depending on during your retirement years.

There is some very good news there is a time tested way to provide a your self and family with lifetime retirement income that is guaranteed for as long as you may live. A Tax-Deferred income annuity is the best answer. Income annuities provide you with a guaranteed lifetime income that is not affected by what happens in the future financial markets. This means a retirement income check that comes to you each and every month, for the rest of your life – no matter what happens between now and then. 

Fixed Annuities - are a secure conservative retirement vehicle that is designed to accumulate your assets and provide you an income stream during your retirement. To help give you a better idea of what a fixed annuity is and if it is right for you, let’s compare fixed annuities to other popular conservative investment vehicles.

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What is 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 guarantees to pay a stream of income in the future.

What is a fixed annuity?  A fixed annuity is a conservative retirement vehicle designed to accumulate assets and provide an income stream during retirement. To help give you a better idea of what a fixed annuity is and if it is right for you, let’s compare fixed annuities to other popular conservative investment vehicles. Certificates of Deposit or CDs. Keep in mind that both of the vehicles are high quality products therefore the “better” choice depends on each individual’s own situation and financial goals.

Many fixed annuity products allow for a contract owner to withdraw a certain percentage of their annuity account's value, usually around 10% on an annual basis or accumulated interest, free of any annuity charges (tax penalties may apply). Annuity amounts withdrawn in excess of this percentage are typically subject to some surrender charges or adjustments, which usually cease after a certain amount of time. These charges generally decline year by year and will expire at the end of a certain number of years. Generally, CDs charge an interest penalty if funds are withdrawn prior to maturity. Therefore an investor will have to wait until the CD matures if he or she would like to avoid early charges. Some CDs may offer the ability to take the interest.

Who Needs an Annuity? Annuities are designed to help most individuals convert their assets into a secure stream of income. They can also be used to provide cash flow before or after someones death.

What is the Benefit? Annuities offer guaranteed income and peace of mind in today's turbulent financial markets. Many people are moving their money to Annuities.

Guarantee of Principal
With an Annuity, your principal investment is protected. If you need access to your entire Annuity contract value prior to the end of your surrender charge period, you will not receive an amount less than your purchase payments, adjusted for any prior surrenders and applicable state premium taxes.
Death Benefit
During the accumulation phase of the annuity contract, your beneficiary will receive the contract value upon your death. Surrender charges will not apply.
Preparing for the Future
Terminal Illness Benefit
If you should become terminally ill during the accumulation phase of the annuity contract, you may access the contract value without a surrender charge, subject to state availability. The amount payable is determined at the time we receive proof of illness.

Five Payout Options
Life Income Annuity
Periodic payments for as long as the annuitant lives. Life Income with Period Certain Annuity1 Periodic payments for a guaranteed period (5, 10 or 20 years) or for the life of the annuitant, whichever is longer.
Joint and Last Survivor Annuity
Periodic payments during the joint lifetime of two annuitants. When one annuitant dies, the other will continue to receive payments for his or her lifetime.
Joint and 2/3 Survivor Annuity
Periodic payments during the joint lifetime of two annuitants. The surviving annuitant will receive two-thirds of the annuity payment for his or her lifetime.
Period Certain Annuity
Periodic payments guaranteed for a specific period (between 5 and 30 years).

Guaranteed lifetime income annuities are a terrific way to help provide a secure retirement income that can be used to cover your basic expenses or discretionary needs. It can be a sound solution that provides peace of mind knowing that the money will always be there month after month.