Investment Funds

People generally buy annuities to provide or supplement the retirement income they will receive from Social Security, pension benefits, investments, and other sources. You can turn your annuity into an income stream that can then be paid off over a fixed period or for life. You can make withdrawals of variable amounts when you need income.

Flexible premium

Policy cash values are paid at a current interest rate set by the insurance company, which is subject to change, but will never be less than a guaranteed minimum interest rate.

immediate

Provides income payments that normally begin within one year after the premium is paid.
Deferred

Provide income payments that start later, often after many years. Deferred annuities are designed for long-term savings purposes. Available to buy with a single balloon or with flexible premiums over time. When it comes time to earn income from your deferred annuity, you will have many options available to meet your needs.
IRA

You establish an IRA by opening an account through an insurance company, employer, bank, or financial services company. Your contributions to the account can be made by depositing money from your savings periodically, through payroll deductions, or by making a lump sum deposit. Most plans offer you a variety of financing options, including annuities, stocks, bonds, and mutual funds tailored to different styles of investors.