Annuities Investment

Income for Life

Annuities provide lifetime income so you don’t have to worry about outliving your money. An annuities investment can also offer tax benefits because the money you invest in an annuity grows tax-deferred and the payouts may be partially tax-free.

Tax-Deferred Growth

Some annuities grow with tax-deferred benefits so you will pay less in retirement if you are in a lower tax bracket. Consult a tax professional to discuss your potential benefits.

Guaranteed Income

Annuities provide guaranteed income over a set period of time or throughout the rest of your life. The income can supplement paychecks or Social Security payments.


Medicaid-friendly annuities allow the spouse of someone in long-term care to protect their assets, receive an income and pay for the spouse’s long-term care costs. Not available in every state.

annuities investment for seniors riding bikes

Paradise Found – Linda’s Story

Current Annuity Rates

Annuity Calculator

Annuity FAQs

What is an annuity?

An annuity is an insurance product that provides regular payments to an individual, typically in retirement, in exchange for a lump sum or series of payments made to the insurer. The regular payments can be fixed or variable, and can last for a certain period of time or for the remainder of the individual’s life.

What are the different types of annuities?

There are several different types of annuities, including fixed annuities, indexed annuities, immediate annuities and variable annuities. Each type of annuities investment has its own set of features and benefits, and the best option for a person will depend on their specific financial needs and goals.

Fixed annuities: 

Fixed annuities offer a guaranteed rate of return, and are often used as a safe and stable investment option and alternative to a volatile market.

Indexed annuities: 

Indexed annuities offer a guaranteed rate of return tied to a market index, such as the S&P 500, and are designed to provide potential growth while still offering some protection against market downturns.

Immediate annuities: 

Immediate annuities provide a guaranteed stream of income in exchange for a lump sum investment, and are often used as a way to create a retirement income stream.

Variable annuities: 

Variable annuities offer the potential for higher returns through investments in underlying assets such as stocks and bonds, but also come with higher risks.

What are the pros and cons of annuities?

The main benefit of an annuities investment is that it can provide a source of guaranteed income in retirement. However, annuities also have some drawbacks, including high fees and penalties for early withdrawals, depending on the company and annuity you choose, and the possibility of losing money if the insurer goes bankrupt. Work with your insurance agent to determine the companies that have strong financial ratings.

Can I withdraw money from an annuity?

It depends on the type of annuity and the terms of the contract. Some annuities have withdrawal penalties, while others may not allow withdrawals at all. Carefully review the terms of the annuity before making a purchase to understand the withdrawal options and penalties.

Can I change the terms of my annuity after it has been purchased?

It depends on the type of annuity and the terms of the contract. Some annuities may allow for changes such as adjusting the payment schedule or changing the beneficiary, while others may not.

How is an annuity taxed?

The taxation of annuities investment depends on whether they are qualified or non-qualified. Qualified annuities are typically held in tax-advantaged retirement accounts, such as 401(k)s or IRAs, and contributions and earnings grow tax-deferred. Withdrawals from qualified annuities are taxed as ordinary income. Non-qualified annuities are not held in tax-advantaged accounts and contributions are not tax-deductible. Withdrawals from non-qualified annuities are taxed as a return of principal first and then as ordinary income.

How do I choose the right annuity for me?

Choosing the right annuity for you will depend on your specific financial needs and goals. Consider factors like your retirement income needs, risk tolerance, and overall financial situation. It’s also important to compare different types of annuities investment and the terms of the contract.

Is an annuity right for me?

Annuities can be a useful tool for some individuals as a source of guaranteed income in retirement. However, they may not be suitable for everyone. Carefully consider your own financial needs and goals, and consult with a financial advisor before making any decisions about purchasing an annuity.

Can I cancel my annuity?

It depends on the terms of the contract and the type of annuity. Most annuity investment have a free-look period, during which the contract can be canceled and the initial premium returned. However, after the free-look period has passed, canceling an annuity may result in penalties or surrender charges. Review the terms of the annuity before making a purchase to understand the cancellation options and potential penalties.

Can an annuity be passed on to my beneficiaries?

Yes, an annuity can be passed on to beneficiaries upon the death of the annuitant. The beneficiaries will continue to receive payments according to the terms of the contract. The annuity contract should have a designated beneficiary and state how the payments will be handled in case of the death of an annuitant.

Can I use an annuity to fund my long-term care expenses?

Yes, some annuities have long-term care riders that allow policyholders to use the funds in their annuities investment to pay for long-term care expenses. These riders typically have specific terms and conditions and may require the policyholder to meet certain qualifications in order to access the funds. 

Secure your future!

Meet with us to review your current situation, discover any gaps, then we’ll work together to determine a plan to fix them. Schedule your free consultation now!

Free consultation​
No obligation​