An annuity is a long-term investment, issued by an insurance company and purchased through a licensed financial professional, that’s designed to deliver income in the future.

Annuities can:

Offer another way to save

Annuities can help you save more for retirement after you max out other tax-favored investments.

Create an income stream

Annuities can offer guaranteed lifetime income in retirement.

Provide growth potential

Annuities allow you to grow your savings tax-deferred.

Protect your loved ones

Annuities allow you to pass on assets to loved ones (beneficiaries) more easily and avoid things such as probate.

Annuity overview

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Learn how to make annuities work for you

Whether you’re concerned about income for retirement, legacy planning or spousal protection, annuities can be tailored to meet your specific goals. Download our annuity guide for all the details.

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An annuity is a contract you purchase from an insurance company, designed for long-term investing. The values will fluctuate based on investment option performance. Annuities have restrictions and limitations, and fees and charges will vary based on the product. You may be charged a penalty if you take your money out early. Withdrawals may be subject to ordinary income taxes, and if you are under age 59½, you may pay a 10% federal tax penalty. Please remember that investing involves risk, including possible loss of principal. All guarantees and protections are subject to the claims-paying ability of the issuing insurance company.