An annuity is a financial product that can be customized to give you lifetime guarantees and is:
  • A long-term tax-deferred investment
  • Able to provide protection for income, legacy and spousal needs
  • Issued by an insurance company
  • Purchased through a licensed financial professional
  • Able to be tailored to your unique retirement needs to help protect what matters to you
Annuities can provide:

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Lifetime income

An annuity can provide you income for as long as you live through annuitization* at no extra cost, or via an optional benefit rider available for an additional cost.

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Legacy planning

An annuity can provide you the opportunity to create a living legacy by preserving funds for future generations in a tax-efficient manner.

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Spousal opportunities

An annuity can be used to protect and preserve assets for a surviving spouse through death benefits and/or living benefits to sustain their ongoing lifestyle.


Annuitization is a one-time process of taking your annuity account and turning it into regular payments that will last for the rest of your life. The annuitized payments continue, regardless of how long you live, even if the total payments exceed the original account value.

Annuity resources

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Visit our library of annuities articles in the Learning Center.

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Learn about the features and benefits offered by the different annuity types.

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An annuity is a contract you purchase from an insurance company, designed for long-term investing. The values will fluctuate based on investment option performance. Annuities have restrictions and limitations, and fees and charges will vary based on the product. You may be charged a penalty if you take your money out early. Withdrawals may be subject to ordinary income taxes, and if you are under age 59½, you may pay a 10% federal tax penalty. Please remember that investing involves risk, including possible loss of principal. All guarantees and protections are subject to the claims-paying ability of the issuing insurance company.