Fixed & Indexed Annuities

Core Beliefs

With the glory days of corporate pensions in the past, annuities can serve to augment retirement income from other sources such as Social Security payouts and employer-sponsored funds.

A basic fixed annuity is a contract between a person and an insurance company that guarantees the principal invested, a minimum interest rate and set payouts for the life of the annuitant.

Some fixed annuities offer a guaranteed interest rate while fixed indexed annuities credit interest based on the fluctuations of an equity index such as the S&P 500.

An annuity contract can be for varying lengths of time, such as one, five or 10 years, with a payout phase starting sooner or later depending on whether the annuity is immediate or deferred.

Simply put, with an annuity product, you are entering into a contract with an insurance company to create your own guaranteed pension payout.