Annuities

Protect your future, diversify your savings, enjoy the good life.

As retirement approaches, you may worry about how to protect yourself from outliving your savings. Annuities are long-term financial products that can help by locking in a guaranteed income stream and even potentially growing your money while adding a death benefit for loved ones. Some people opt to transfer accumulated 401(k) account money to an annuity. You can buy an annuity with guaranteed fixed interest rates or with market-based performance. In either case, many annuities offer options to help protect your money from losing value, which means you’ll be more likely to maintain the lifestyle you’ve worked for.

Consider an annuity if you're looking for:

• A way to preserve your retirement savings and reduce the risk of outliving your assets
• Tax-deferred growth potential for your money

Fixed deferred annuities

If you prefer not to put your money into the market, these types of annuities provide a steadier, more predictable growth approach to your savings.

Variable annuities

If you're looking for a way for your savings to potentially grow in the market and are willing to accept the risk that returns will fluctuate, including a possible loss of principal, this may be a good fit for you.