Annuities Education
Understanding Annuities
Annuities are insurance products that can provide a stream of income, often used in retirement planning. Understanding how they work — and their limitations — is important before making any decisions.
Types of Annuities
Fixed Annuity
Provides a guaranteed interest rate for a set period. Offers predictability but may have lower growth potential than other options.
Variable Annuity
Returns are tied to the performance of underlying investment sub-accounts. Offers growth potential but also carries investment risk.
Fixed Indexed Annuity
Returns are linked to a market index (such as the S&P 500) with a floor that limits losses. Growth potential is typically capped.
Income Annuity
Designed to provide a guaranteed stream of income, either immediately or at a future date. Often used to address longevity risk in retirement.
Questions to Ask
- What are the surrender charges and how long is the surrender period?
- What fees are associated with this product?
- How is the interest rate or return calculated?
- What are the income options and how are they triggered?
- Is this product appropriate for my time horizon and financial goals?
Questions About Annuities?
Schedule a no-obligation consultation to discuss your questions about annuities.
Schedule an AppointmentAnnuity information on this page is for general educational purposes only. Annuity products vary significantly in features, costs, and suitability. Consult a licensed professional before making any decisions. Products are not available in all states.