
FIXED ANNUITIES
Fixed annuities are a great option for investing for retirement or other long-term financial goals. They can provide a guaranteed income stream for retirement and help you protect against the possibility of outliving your financial resources.*Essentially, fixed annuities are a promise from the insurance company that you will receive a series of payments in exchange for a premium payment that can be made in a lump sum or in a series of installments. It can also be used to accumulate money for the future. Fixed annuities can create an immediate or deferred income stream, depending on the option you choose.
* deferred - allows you to accumulate funds over time and has a variety of future payout choices. Because earnings are tax deferred, your funds can grow faster over time.
* immediate - allows you to convert a lump sum of money into a guaranteed payout for as long as you live or a certain number of years.



