Compare Annuities

Use this chart to compare four popular types of annuities that can help you generate guaranteed lifetime income or increase your tax-deferred savings for retirement. Please call us at 1-866-246-5056 or request a retirement consultation to determine which annuity may be right for you.

Guaranteed Lifetime Income and Tax Deferred Savings 


Immediate Annuity
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Variable Annuity with Lifetime Income Rider
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Index Annuity
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Fixed Annuity
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Best if you want
To convert a portion of your accumulated assets into an income stream for life that can start within 30 days to a year after you establish the annuity
A guaranteed lifetime income, beginning now or sometime in the future, but also want to keep your assets invested in the market
A more conservative investment that offers a return that is tied to the performance of a given market index. Your funds are not invested directly in the index, therefore protecting your principal investment, in exchange for a capped rate of return.
To increase your tax-deferred earnings with low-risk investments, and are comfortable with moderate returns
Key features
May provide the highest amount of guaranteed income for life
Tax-deferred savings for retirement, plus a guaranteed retirement income for life
Performance protection —your investment will not decline if markets perform poorly
Tax-deferred earnings for retirement, with a fixed rate of return
Rate of return
  • Provides a guaranteed stream of income for a period of time selected by the policy owner (often for life)
  • Payment amounts can be based on interest rates, the age and life expectancy of the client, and the options chosen
  • Depends on the performance of subaccounts selected by the annuity holder
  • There may be a minimum growth rate applied to the value that your withdrawal payments will be based upon
Depends on annuity terms and associated index performance
Generally slower tax-deferred growth and less risk than variable annuities

Optional features


Immediate Annuity
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Variable Annuity with Lifetime Income Rider
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Index Annuity
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Fixed Annuity
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Income guaranteed for life for you and your spouse
Yes
Yes
Yes
Yes
Cost-of-living adjustments
Yes



Guaranteed minimum withdrawal benefits
Yes
Yes

Protection against market losses
Yes

Yes
Yes
Access to your funds, up to a specified limit
Yes
Yes
Yes
Potential to leave a legacy to heirs
Yes
Yes
Yes
Ready to start? Request a Consultation

Call us 1-866-246-5056

Subaccounts

The underlying funds in a variable annuity are invested in subaccounts, which are professionally managed investment options that invest in stock and/or bond markets.

The investment options may provide you with potentially more income than immediate fixed annuities, but your income payments will be subject to market fluctuation.

Guaranteed minimum withdrawal benefits

Guaranteed minimum withdrawal benefits (GMWBs) guarantee the ability to withdraw a certain percentage of your initial investment for a set number of years or for the rest of your life.