This is an advertisement and solicitation.

How does an annuity work?

When you think about retirement, chances are you have a vision of what you want it to look like. Maybe it’s traveling the world or pursuing a hobby.  But for most, achieving these retirement goals likely takes a lot of financial planning.

Addressing retirement concerns

While you’re dreaming about these reasons to look forward to retirement, it’s also common for some concerns to creep into your vision. From outliving your retirement income and loss of assets to long-term care and creditors, retirees face many real concerns.

Luckily, there are several options available that can help you achieve your financial retirement goals while minimizing your risk.  One option to consider is an annuity.

Introducing annuities

An annuity is an insurance product designed to accumulate tax-deferred money during the accumulation phase, with principal that isn’t subject to market volatility. An annuity is one of the few savings vehicles that can guarantee payments for life during the payout phase. Annuities are generally considered a safe option because they offer principal protection, in addition to guaranteed interest accumulation, to help grow money for retirement.

How annuities work

In a basic sense, you pay a premium and then receive payments at regular intervals for a stated period of time. Bankers Life offers four types of annuities. Each type acts differently, and choosing the right type can help you reach your goals.

  1. Traditional Fixed Annuity

    Grow your money through a fixed interest rate on a tax-deferred basis.

  2. Fixed Indexed Annuity

    Potentially earn interest linked to the performance of the S&P500®, without risk of market downturns.

  3. Guaranteed Lifetime Income Annuity

    Elect a guaranteed income stream for life.

  4. Immediate Annuity

    Purchase with a single lump-sum payment and start receiving distribution benefits almost immediately.

Do you think an annuity can help you achieve your retirement vision? Contact us today to learn more about this valuable planning vehicle.

Everything you need for the life of your retirement

Annuity form numbers: LA-02P(13), ICC14-LA-03D, LA-06T(13), LA-07G, LA-08N(13), LA-69A

Bankers Life is a private company that is not Medicare, Medicaid or MaineCare and is not a governmental agency