Fixed Income | Annuities
$3 trillion in retirement savings was wiped out by the stock market fall during the first half of 2022. During that same period, not one penny of premium paid or interest earned was lost by our indexed annuity clients due to the market.
By combining downside protection with upside potential, an indexed annuity can provide the balanced, sensible investment approach retirement savers are seeking.
In Retirement, Americans fear running out of money most of all.
A fixed annuity provides guaranteed retirement income payments. With a fixed annuity contract, you make one or several payments to the annuity provider, which in turn promises to pay you a fixed return on your contributions, no matter how markets are performing. A fixed annuity allows a customer to deposit money (premiums) with an insurance company that can earn interest and grow on a tax-deferred basis with the agreement that the insurance company will then provide a series of payments back to the customer at regular intervals.
People typically purchase annuities to provide or supplement retirement income they will receive from Social Security, pension benefits, investments and other sources. You can convert your annuity into a stream of income that can then be paid over a fixed period or for your lifetime. You can take withdrawals of varying amounts when you need the income.
Beware of the Retirement Income Gap
Fixed and fixed indexed annuities are a smart way to save for retirement, given that they provide a guarantee of income, tax-deferral advantages and flexibility and control of retirement savings.
The guarantees provided by our fixed and fixed indexed annuities mean that our policyowners haven’t lost a penny of their policy value due to downturns in the stock market.
One of the greatest single advantages of participating in a tax-deferred plan is that any interest accumulates on a tax-deferred basis while the money remains in the account.