The way you live today has considerable impact on how you live tomorrow. That means if you want a relaxing and financially secure retirement, you have to plan now. If you're still young, you may be able to enjoy the huge benefits of compound interest even more than someone closer to retirement.
An annuity can guarantee a stream of retirement income that helps you maintain a comfortable lifestyle for the rest of your life.
Single-Premium Deferred Annuities
A single-premium deferred annuity allows for one single, lump-sum contribution. Your money grows tax-deferred until you withdraw it or begin receiving a stream of income payments.
Single-Premium Immediate Annuities
Unlike a deferred annuity, an immediate annuity generates income payments at the time you purchase the annuity. Single-premium immediate annuities allow you to set up an immediate, steady income stream with a one-time, lump-sum contribution.