What Is Annuities?

An annuity is a financial product issued by an insurance company that provides a guaranteed stream of income — either immediately or at a future date — in exchange for a lump-sum premium or a series of payments. Annuities are designed primarily to address the risk of outliving your retirement savings.

SecureLife offers several types of annuities: fixed annuities (guaranteed interest rate), variable annuities (market-linked growth), and fixed-indexed annuities (growth linked to a market index with downside protection).

Whether you are accumulating wealth for retirement or converting existing savings into guaranteed lifetime income, annuities are a powerful tool in a comprehensive retirement plan.

Key Benefits

Guaranteed Lifetime Income

Annuities can provide income you cannot outlive — a personal pension that pays for as long as you live.

Principal Protection

Fixed and fixed-indexed annuities protect your premium from market loss while still offering growth potential.

Tax-Deferred Growth

Annuity earnings grow tax-deferred until withdrawal, allowing your money to compound more efficiently.

Spousal Continuation

Joint and survivor options ensure your spouse continues receiving income if you pass away first.

Death Benefit

Many annuities include death benefit provisions so your beneficiaries receive any remaining account value.

Customizable Payout Options

Choose from lifetime income, period certain, joint life, or lump-sum payout options.

Who Is It For?

Annuities are ideal for individuals approaching or in retirement who want to convert accumulated savings into reliable, guaranteed income.

Retirees concerned about outliving their savings
Individuals without a pension seeking a guaranteed income stream
High earners who have maxed out 401(k) and IRA contributions
Conservative investors wanting principal protection with growth potential
Those seeking to create a predictable retirement income floor
Estate planners wanting tax-deferred wealth transfer to beneficiaries

How It Works

Choose Your Annuity Type

Your advisor helps you select the right annuity — fixed, variable, or indexed — based on your risk tolerance and income goals.

Fund Your Annuity

Make a lump-sum premium payment or a series of payments during the accumulation phase.

Accumulation Phase

Your money grows tax-deferred during the accumulation phase.

Income Phase

When ready, convert your annuity to a guaranteed income stream and begin receiving regular payments.

Frequently Asked Questions

What is the difference between a fixed and variable annuity?

A fixed annuity earns a guaranteed interest rate, making it predictable and low-risk. A variable annuity invests in sub-accounts linked to the market, offering higher growth potential but with investment risk.

Are there fees associated with annuities?

Variable annuities typically have mortality and expense fees, administrative charges, and sub-account expenses. Fixed and indexed annuities generally have lower or no explicit fees.

What is a surrender period?

Most annuities have a surrender period (typically 5-10 years) during which early withdrawals trigger a surrender charge. Many policies allow penalty-free withdrawals of 10% per year.

Can I lose money in an annuity?

With fixed annuities, your principal is fully protected. With variable annuities, your account value can decline if sub-accounts perform poorly.

Annuities