Annuities Product Comparison



deferred
fixed annuity

variable annuity

fixed index
annuity

immediate income
annuity

deferred income
annuity (DIA)

features & benefits

  • Guaranteed fixed interest rate
  • Tax-deferred growth
  • Principal protection
  • Range of investment choices
  • Tax-deferred growth potential
  • Potential for loss in value
  • Interest is credited to an index account based in part on the performance of an external index
  • Tax-deferred growth
  • Market loss protection
  • Guaranteed income begins within 13 months of contract issue
  • Single purchase payment
  • Limited liquidity
  • Guaranteed income generally begins no earlier than 13 months after contract issue
  • Flexible purchase payments
  • No liquidity (limited exceptions on some products)

focus

Tax-deferred accumulation

Tax-deferred growth or, if a guaranteed lifetime withdrawal benefit is elected, meeting predictable income goals

Tax-deferred accumulation

Immediate income needs

Future income needs

death benefit protection


Typically


Depends upon annuity option chosen

Most DIA options provide for a return of purchase payment(s) if you die before income payments begin. After annuity income payments begin, any death benefit payable will be based on the annuity option you have chosen.

lifetime income option






What is the process for getting an annuity?

illustration of two figures in virtual meeting

When you work with a financial professional, you can expect:

    • Analyze
    • During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives.

    • Recommend
    • After looking at your entire financial picture, your financial professional will provide you with suggestions to fill in the gaps so you can choose the products best suited for your situation.

    • Purchase
    • If you're satisfied with their recommendations, they work with you to secure the products and services to help ensure your financial future.

    • Review
    • Your financial professional will work with you over time through periodic reviews to help you monitor the strategies in place, and their capacity to continuously meet your goals.

Contact a financial professional