Annuities for retirement income you can count on.
An annuity can turn savings into a steady stream of income, or grow money tax-deferred with protection from market losses. Blue Ridge Insurance helps you understand fixed and indexed annuity options and whether one fits your plan.
An insurance contract built for retirement.
An annuity is a contract with an insurance company. You pay in a lump sum or over time, and in return the company credits interest and can pay you income for a set period or for life. Earnings generally grow tax-deferred until you withdraw them.
Annuities are long-term products. Most have surrender charges if you withdraw more than allowed in the early years, so they work best with money you won’t need right away. We’ll explain the trade-offs plainly before you decide.
Questions to answer first
- When do you want income to start?
- How much do you want guaranteed?
- How long can the money stay put?
- How do you feel about market risk?
- What other retirement income do you have?
Annuity types we discuss
Fixed annuities
A guaranteed interest rate for a set term, similar in feel to a CD.
Fixed indexed annuities
Interest linked to a market index, with protection against losses from market declines.
Immediate annuities
Turn a lump sum into income that starts right away.
Deferred income
Income that starts at a future date you choose.
Income riders
Optional features that guarantee lifetime withdrawals, for an added cost.
Rollovers
Moving retirement plan money into an annuity, reviewed with your tax advisor.
Talk through your retirement income.
Tick Life & Health in the form and mention annuities. A licensed advisor will follow up to understand your goals before recommending anything.
- Surrender charges and fees explained up front
- Several carriers compared
- Coordinated with life and Medicare planning
Annuity questions
Can I lose money in an annuity?
Are annuities FDIC insured?
How are annuities taxed?
Planning for retirement income?
Let’s talk through whether an annuity belongs in your plan.