Immediate, fixed, and fixed index annuities are guaranteed by the insurance company that issues the contract. Your principal is protected by the claims-paying ability of that company.

Important: Excess withdrawals may result in surrender charges, and if you are under 59 ½ and make withdrawals, you may be subject to additional tax penalties.

No. Unlike variable annuities—which have an investment feature and may charge multiple layers of fees—the annuities we recommend (immediate, fixed, and fixed index annuities) typically have no ongoing management fees for the base contract.

Optional benefits (riders) can add a clearly stated fee. With fixed and fixed index annuities, product costs are generally built into the pricing structure.

No. In our recommended strategies, your income is designed not to decrease once it begins. It may increase depending on product features and timing, but the goal is stable or rising cash flow—not fluctuating up and down.

Yes. Many annuities (or optional riders) include waivers for terminal illness or certain health events. Death-benefit provisions may also be available depending on the contract.

Yes. Annuities can be structured to provide lifetime income. Specific benefits and terms depend on the product and insurer.

Yes. Certain features and riders may increase lifetime income over time to help offset rising costs. Availability and specifics vary by product and insurer.

No. Many contracts allow up to a 10% annual penalty-free withdrawal. Larger withdrawals during the surrender period may incur charges. Withdrawals before age 59 ½ may also be subject to IRS penalties.