Annuities are contracts that provide a steady stream of income for your retirement. Protect your lifestyle with guaranteed payments that last a lifetime.
Why choose an annuity for your retirement plan?
Designed to provide a steady, predictable stream of income, often for the rest of your life. Protect yourself against the risk of outliving your savings.
Interest and investment gains grow tax-deferred. You don't pay taxes on earnings until you start making withdrawals, allowing your money to compound faster.
Ensures that if you pass away before receiving all invested money, a named beneficiary receives a specific payment, often bypassing probate.
Understanding the difference is key to choosing the right path for your financial freedom.
A contract that provides a guaranteed, fixed interest rate on your contributions. It offers a lower-risk, predictable retirement savings product unaffected by market fluctuations.
Combines an insurance policy with an investment account. You can invest in subaccounts like mutual funds. Returns fluctuate based on market performance, offering higher growth potential but more risk.
| Feature | Fixed | Variable |
|---|---|---|
| Common Use | Safe Income | Growth |
| Return Type | Fixed Rate | Market Based |
| Predictability | Steady Growth | Fluctuates |
| Downside Risk | No | Yes |
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