Fixed Indexed Annuities (FIAs) address many basic retirement concerns: protection of hard-earned dollars, tax-deferred growth, balance, and lifetime income.

A Fixed Annuity is a convenient, predictable option for seniors who want a safe alternative for their retirements savings. In exchange for a lump sum payment up front, clients can remove market risk from their return because both the principal investment and fixed interest rate are guaranteed. Earnings in a fixed annuity are tax deferred until the owner begins receiving income from the annuity.

A Single Premium Immediate Annuity (SPIA) can be a more predictable option for retirement planning because of its consistent structure. After a lump sum premium is paid up front, this annuity pays out a set amount on a regular basis (such as monthly) for the rest of the client’s life and/or a set period of time.

Sometimes called longevity insurance or a longevity annuity, a Deferred Income Annuity (DIA) usually begins with a single, upfront payment and eventually pays a set amount starting a given number of years after the policy is purchased.