Annuities are contracts that offer tax-deferred compounding* issued by insurance companies. There are two main types of annuity contracts, fixed and variable, depending on your investment needs. Annuities can be structured to provide an ongoing future stream of income* that can assist in your retirement planning. No two annuity contracts are alike or are not for every investor, so a thorough review of your investments and the contract must be performed.
* Annuities involve market risk and should be considered as long term investments. Withdrawals are subject to income taxes and may be subject to a penalty if withdrawn before age 59 ½. Guarantees are based upon the claims paying ability of the insurer.