Annuities can help answer that question by providing a long-term investment designed to help protect you from the risk of outliving your income.
- With periodic payments from an annuity, you may be able to receive a guaranteed stream of retirement income to help maintain a comfortable lifestyle for the rest of your life.
- The type of annuity you choose depends on your goals. Do you need income that starts now, or in the future? A Columbus Life financial professional can help you make the right choice based on how your needs match up with the features of each annuity.
Explore the different types of annuities that we offer:
Single Premium Deferred Annuities
A single premium deferred annuity allows for a single, lump-sum contribution. Your money grows tax-deferred until you withdraw it, or begin receiving a stream of income payments.
Fixed annuities give you the chance to earn more on your money at a competitive, fixed interest rate. Indexed annuities, a specific type of fixed annuity, also provide guarantees, as well as the opportunity to earn interest based on changes in a market index or indices.
Single Premium Immediate Annuities
Unlike a deferred annuity, an immediate annuity permanently converts a lump sum into income payments right when 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 that can last as long as you live.