Income
Some contracts can create income for life, subject to rider terms and insurer guarantees.
KANDA JEUNG
Create a retirement paycheck
An annuity is a long-term insurance contract that may provide tax-deferred accumulation, principal protection features, or guaranteed income, depending on the contract selected.
- Fixed annuities
- Fixed indexed annuities
- Immediate and deferred income annuities
- Lifetime-income rider options
- IRA, 401(k), pension, and non-qualified funding education
Accumulation
Interest-crediting options may support long-term accumulation without direct market investment.
Protection
Fixed annuities generally protect contract value from direct stock-market losses, subject to withdrawals and charges.