ANNUITIES
Annuities: Compare Guarantees, Growth and Income Options
Annuities can be used for different retirement goals—from protecting principal and earning a guaranteed rate to creating future income. The important part is understanding the tradeoffs before choosing a contract.
Choose the Goal First
Start with what you need the annuity to accomplish rather than starting with a product name.
Fixed Annuities
An insurance contract that credits interest under contract terms and is designed for principal protection and predictable accumulation.
Explore Fixed Annuities →MYGAs
A multi-year guaranteed annuity provides a stated interest rate for a specific guarantee period, making it easier to compare a defined rate and term.
Explore MYGAs →Fixed Indexed Annuities
Interest-crediting potential is linked to the performance of an external index under a formula in the contract, without directly investing your money in the index.
Explore FIAs →Income Annuities
Designed to turn a premium into a stream of income, either soon after purchase or at a future date depending on the contract.
Explore Income Annuities →What Changes the Answer?
The best fit can change significantly based on how and when you expect to use the money.
- Whether your priority is accumulation, principal protection or predictable income.
- How much access to the money you may need during the surrender-charge period.
- The length of the guarantee or surrender period and your retirement timeline.
- How interest is credited and which values are guaranteed versus non-guaranteed.
- Whether optional income features, riders or additional contract costs are involved.