What is an annuity?

Annuity basics

An annuity is a retirement product that may provide protected, reliable income when you need it. It can help bridge the gap between the savings you’ve accumulated over time and traditional sources of retirement income, like Social Security. Plus, if you don’t need the income immediately, you can let it potentially grow tax deferred. That’s why an annuity may be a powerful addition to your financial plan. 

How do annuities work?

Our annuities are flexible, so you can choose the options that help meet your wants and needs. These simple steps can get you started:

  1. Decide when you need retirement income: you can invest a lump sum and choose to start receiving payouts immediately or down the road
  2. Choose a product that’s right for you: we offer a variety of products that may fit your specific retirement needs
  3. Customize your plan with unique options: Discover how add-on benefits* can guarantee income for life or help you leave a legacy