Annuities
Tax-deferred growth and retirement income options
Annuities are insurance contracts that can offer tax-deferred accumulation and options for guaranteed income. We help you compare features, surrender periods and costs.
Options
Common annuity types
Fixed annuities
A declared interest rate for a set period.
Multi-year guaranteed (MYGA)
A rate guaranteed for a set number of years.
Fixed indexed annuities
Interest linked to an index formula with a floor. Not a direct market investment.
Income riders
Optional riders that may provide lifetime income, often for a fee.
FAQ
Common questions
Are annuities FDIC insured?
No. Guarantees are backed by the claims-paying ability of the issuing insurance company.
Can I withdraw money?
Most annuities allow limited free withdrawals each year. Larger withdrawals during the surrender period may incur charges; withdrawals of earnings are taxable and may carry a 10% IRS penalty before age 59½.