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Annuities
Insurance contracts designed to provide income, often for retirement, in exchange for a lump sum or series of payments — with mechanics that vary significantly by annuity type.
What this covers
- Fixed, variable, and indexed annuity categories and how each credits value differently
- Guaranteed lifetime income riders and what "guaranteed" actually depends on (the issuing insurer's claims-paying ability and the contract terms)
- Surrender charges and the surrender-charge schedule
- Fees (including rider fees on variable and indexed contracts)
- Tax-deferred growth and how withdrawals are typically taxed
What to watch for
- "Guaranteed lifetime income" is a contractual guarantee backed by the issuing insurance company, not a government guarantee — it is only as strong as that insurer's claims-paying ability.
- Rolling over a 401(k) or IRA into an annuity is not automatically suitable — it depends on your full financial picture, the contract's terms, and the fees involved.
Explore the numbers
Want more detail on annuities? Send an educational inquiry — this does not request a price, bind coverage, or commit you to anything.
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