Business Insurance Group Benefits


Annuities Information

What are Annuities?

Annuities are unique investment products, sold by insurance companies, that can help you save more for retirement, generate a guaranteed stream of income in retirement, or both. Annuities have helped millions of people prepare for retirement, but because there are different types with different purposes, they can be a bit confusing. Keep in mind, annuities generally fall into two distinct categories: tax-deferred and income.

Tax-Deferred Annuities let you save more for retirement—even after you have maxed out contributions to 401(k)s and IRAs.     Income Annuities provide an immediate guaranteed stream of income in retirement in exchange for a lump sum of money.


  • Tax-deferred annuities are either variable or fixed
  • Taxes on gains are deferred
  • For variable annuities, tax-deferred growth potential may allow savings to accumulate faster than in a taxable account
  • Contributions are virtually unlimited (IRS 401(k) and IRA contribution limits do not apply to annuities)
  • If funded with non-qualified money, there is no minimum required distribution at age 70 1/2.
  • A tax-deferred annuity can be converted to an income annuity in retirement
  • Income annuities are either variable or fixed
  • A fixed-income annuity payment provides a steady stream of income. Income is guaranteed never to go down, but it may not keep up with inflation.
  • A variable income annuity payment will vary depending on its underlying investments—it may adjust with the market.

Visit our Links to Companies page to see more of the companies we can offer, but here are just a few:


Give us a call to get your policy started TODAY or to learn more about annuities, or visit our FAQ page to learn more about annuities!