Planning for retirement is something everyone should do. As you plan, you may want to consider an annuity. An annuity offers protection against the risk of outliving one’s financial resources. It provides a series of future, periodic payments in exchange for an initial premium, or series of premiums. The growth is not taxed until you start receiving payments.

We offer the following annuities:

  • Single Premium Deferred Annuity (SPDA): A Single Premium Deferred Annuity is purchased with a single premium that is allowed to accumulate with interest on a tax-deferred basis.
  • Flexible Premium Deferred Annuity (FPDA): A Flexible Premium Deferred Annuity allows one to determine when and how much to contribute to the annuity.
  • Single Premium Income Annuity (SPIA): A Single Premium Income Annuity is purchased with a single premium and provides periodic payments for a certain length of time (such as a number of years or for life). A cost of living increase option can be added, as well as structuring additional lump-sum payments.

There can also be some tax advantages to purchasing an annuity. Learn more by using our annuity calculator.

Please visit with one of our independent life insurance agents to help decide if an annuity is right for you and your family.

Content on this website represents only a brief description of coverages. Coverages vary by state. Some products are not available in every state. Please check with your agent and read the policy for exact details on coverages and exclusions. If there is a discrepancy between the product as it is generally described here and the policy or rider issued to you, the provisions of the policy or rider will prevail.

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