Income You Can't
Outlive
An annuity converts a lump sum into a guaranteed stream of income — for a set period, or for the rest of your life. No market risk, no surprises, no running out.
How Annuities Work
You put money in. The insurance carrier guarantees it grows — and then pays it back to you on a schedule you choose.
Fund your annuity
Deposit a lump sum (single premium) or make contributions over time. The money grows tax-deferred inside the annuity.
Accumulation phase
Your money grows based on the annuity type — fixed rate or indexed to a market index with downside protection.
Income phase
Turn on the income stream — monthly, quarterly, or annually — for a set period or for the rest of your life.
Types of Annuities
Fixed Annuity
- Earns a guaranteed fixed interest rate
- Zero exposure to market risk
- Predictable, stable growth
- Great for conservative savers near or in retirement
Fixed Indexed Annuity (FIA)
- Growth linked to a market index (S&P 500, etc.)
- Floor of 0% — you never lose principal
- Participate in market upside, not the downside
- Optional income riders for lifetime guarantees
Single Premium Immediate Annuity (SPIA)
- Deposit a lump sum, income starts immediately
- Guaranteed payments for life or a set period
- Eliminates longevity risk completely
- Simple, no ongoing management required
Deferred Income Annuity
- Fund now, income starts at a future date you choose
- Higher income amounts for longer deferral periods
- Perfect for supplementing Social Security later
- Locks in today's rates for future income
Who Annuities Are For
People who need their money to last as long as they do
The biggest financial risk in retirement isn't running out of investments — it's running out of income. An annuity eliminates that risk completely.
- You're approaching retirement and want guaranteed income
- You have a lump sum (rollover, inheritance, sale proceeds) to position
- You want to supplement Social Security with stable monthly income
- You're worried about outliving your savings
- You want tax-deferred growth without market exposure
Not Sure Which Annuity Fits?
Annuities aren't one-size-fits-all. The right choice depends on your timeline, income needs, tax situation, and risk tolerance. Terry will sit down with you, run the numbers, and give you a straight answer — not a sales pitch.
Explore More
Other Life Insurance Options
Not sure this is the right fit? Terry will help you find what actually works for your situation.
Protect Your Family.
Let's Find Your Coverage.
Life insurance and employee benefits. No pressure, no commitment. Just real guidance from two people who pick up the phone and tell you the truth.
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