Fixed Annuities
Your money earns a guaranteed interest rate for a set period, similar to a CD, but typically tax-deferred and often at a stronger rate. Principal is protected from market loss.
Annuities
Turn part of your savings into income you can't outlive
A 401(k), CD, or savings account can only be spent once. A lifetime income annuity works differently: it can become a paycheck that keeps arriving every month for as long as you live, no matter how long retirement lasts or what the market does along the way.
The basics
What is an annuity, really?
An annuity is a contract with an insurance company. You put money in, and in exchange the company makes you a set of promises, protection, growth, or income, backed by that company's financial strength. There are a few main types.
Indexed Annuities
Growth is linked to a market index, so you can capture part of the upside in good years, with your principal shielded from losses when the market drops.
Income Annuities (Lifetime Income)
Convert part of your savings into a guaranteed paycheck for the rest of your life, through immediate income or a lifetime income rider added to a fixed or indexed annuity. This is where we spend most of our time with clients.
Longevity risk
The question that keeps people up at night: what if I outlive my money?
People are living longer than most retirement plans were built for. That's exactly what a lifetime income annuity is designed to solve, income that simply doesn't stop, no matter how long you live.
50%
chance a healthy 65-year-old woman lives past age 90 (men, past age 89)
25%
chance she lives past age 96 (men, past age 94)
5%
chance she lives past age 102 (men, past age 100)
Life expectancy figures based on the 2012 IAM Basic Mortality Table.
Inflation risk
Same money, less power
Since 1960, inflation has averaged 3.2% a year. Even modest inflation quietly erodes what a fixed retirement income can buy. Some lifetime income annuities offer income that increases over time, or can be paired with other assets to help your purchasing power keep up.
Source: U.S. Bureau of Labor Statistics, CPI for All Urban Consumers, 2024.
12 yrs
to double at a 6% rate
18 yrs
to double at a 4% rate
24 yrs
to double at a 3% rate
36 yrs
to double at a 2% rate
Social Security risk
When you file changes everything
Both Bill and Jill have the same $2,000 full retirement age benefit. Jill waited until 70 to file. By age 90, she'll have collected almost $130,000 more than Bill did.
The catch is covering living expenses in the years before you file. A lifetime income annuity can be used to bridge that gap, so you have income to live on while your Social Security benefit keeps growing in the background.
Source: Social Security Administration, May 2025.
See it explained
Three retirement risks, in under two minutes each
Short, plain-English videos on the risks a lifetime income annuity is built to help with.
Longevity Risk
Sequence of Returns Risk
Social Security Risk
How it works
How a lifetime income annuity works
1
Fund it
Move part of a 401(k), IRA, CD, or savings account into a fixed or indexed annuity, without triggering taxes if it's done as a rollover or transfer.
2
Add the income guarantee
Many contracts include a lifetime income rider, a guarantee that lets you turn the account into a paycheck later, even if the account value ever runs to zero.
3
Get paid for life
Flip the switch whenever you're ready, and receive a set amount every month for as long as you live, guaranteed by the issuing insurance company.
Why clients choose one
What a lifetime income annuity protects against
Market loss
Principal in a fixed or indexed annuity isn't exposed to market downturns.
Outliving your savings
Payments continue for life, even past what you originally put in.
Bad timing
A guaranteed income floor means market swings early in retirement matter less.
Tax-deferred growth
Money inside the annuity grows without being taxed until it's withdrawn.
A shrinking Social Security check
Steady annuity income can let you delay filing so your benefit grows.
Guesswork
You'll know your exact monthly number, so budgeting in retirement gets simple.
Annuities are long-term insurance contracts designed for retirement income. Guarantees, including any lifetime income guarantee, are backed solely by the financial strength and claims-paying ability of the issuing insurance company, not by Senior Offerings and Services, any bank, or any government agency. Annuities are not deposits and are not FDIC or NCUA insured. Withdrawals may be subject to surrender charges, and withdrawals taken before age 59½ may be subject to a 10% IRS penalty in addition to ordinary income tax. This page is for general education only and isn't personalized investment, tax, legal, or Social Security advice; please talk with your tax advisor, attorney, or the Social Security Administration about your specific situation. Not approved, produced, or endorsed by the U.S. Government or the Social Security Administration. Sources: Social Security Administration (May 2025); U.S. Bureau of Labor Statistics, CPI for All Urban Consumers (2024); 2012 IAM Basic Mortality Table.
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