Which Annuity is Right for You?

A fixed annuity is a type of insurance product that offers a guaranteed stream of income in exchange for a lump sum or periodic payments. With a fixed annuity, your money earns a fixed rate of interest, providing stability and predictability to your retirement income. It's a popular choice for those seeking to supplement their retirement savings with a reliable source of income. Fixed annuities are often favored by individuals who prefer a conservative approach to investing and value the security of a guaranteed return..

A fixed indexed annuity is a type of annuity that offers a combination of guaranteed interest and potential for growth based on the performance of a specific market index, such as the S&P 500. While the principal is protected from market downturns, the annuity holder can potentially benefit from market gains through indexed interest crediting. This type of annuity provides a balance between security and growth potential, making it attractive to individuals looking for retirement income with some level of upside potential..