How Do Annuities Work in Your State?

How Do Annuities Work?

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Learn About Your Annuities

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Why Understanding Matters:

Annuities seem complex but are simple: insurance companies guarantee your money grows and can provide lifetime income.

  • Simple: You deposit, insurer guarantees
  • Growth: Tax-deferred compounding
  • Income: Convert to lifetime payments
  • Safety: State-backed protection

Get the guaranteed protection against market losses offered by top insurance companies.

Annuity Basics

The Contract

You give money to an insurance company. They guarantee growth and/or income by contract.

Types Available

Fixed (guaranteed rate), Variable (market-linked), Index (hybrid of both).

Payout Options

Take lump sum, systematic withdrawals, or convert to guaranteed lifetime income.