Secure Your Retirement with Annuities

Annuity costs vary widely depending on the type, your age, and the features you choose. You can start with as little as $5,000-$10,000 for some products, or invest hundreds of thousands. There's usually no upfront "cost" – you're exchanging a lump sum or series of payments for guaranteed future income. Some annuities have fees (like variable annuities), while others (like fixed annuities) typically don't have explicit fees.

Yes, but with some limitations. Most annuities have a surrender period (typically 5-10 years) where early withdrawals beyond a certain percentage (usually 10% annually) incur surrender charges. After the surrender period, you can access your money more freely. Additionally, withdrawals before age 59½ may be subject to a 10% IRS penalty plus ordinary income taxes.

It depends on the annuity type and options you selected:

• Death Benefit: Many annuities pay remaining value to your beneficiaries
• Joint & Survivor: Payments continue to your spouse for their lifetime
• Period Certain: Guarantees payments for a minimum number of years, even if you die early
• Life Only: Payments stop when you die (highest monthly payment but no beneficiary protection)

We'll help you choose the right payout option for your family situation.

Annuities are backed by the financial strength of the insurance company that issues them, not by FDIC or government guarantees. That's why it's crucial to work with highly-rated insurance carriers (A+ or better ratings). We only work with top-tier, financially stable insurance companies. Additionally, most states have guaranty associations that provide some protection if an insurance company fails (typically up to $250,000).

Both are retirement savings vehicles, but they work differently:

401(k): An employer-sponsored retirement account where you invest in stocks, bonds, and mutual funds. Your balance goes up and down with the market. You manage withdrawals yourself in retirement.

Annuity: A contract with an insurance company that converts savings into guaranteed income. You eliminate market risk (for fixed/indexed) and longevity risk. The insurance company manages payouts for life.

Pro Tip: Many retirees use both – a 401(k) for growth and flexibility, and an annuity for guaranteed income foundation.

It depends on the annuity type. Immediate annuities can start paying within 30 days to a year after purchase. Deferred annuities accumulate value for years before payments begin – you choose when to start (often at retirement). The longer you defer payments, the larger your monthly income will be when they start.