You can convert your annuity into a stream of income that can then be paid over a fixed period or for your lifetime. You can take withdrawals of varying amounts when you need the income.   

There are generally two different types of annuities:

Immediate

Provides income payments that normally begin within a year after the premium is paid.

Deferred

Provide income payments that begin later, often after many years. Deferred annuities are designed for long-term savings purposes.

• Available to purchase using a single lump sum, or with flexible premiums over time.
• When it comes time to take income from your deferred annuity, you will have many options available to meet your needs.

Indexed annuities do not directly participate in any stock or equity investments. Most indexed annuities permit owners to participate in only a stated percentage of an increase in an index, and also impose a “cap rate” that represents the maximum annual account value percentage increase allowed to contract owners. An investment cannot be made directly into an index.

OFFERS

• Interest is based on changes in a major index such as the S&P 500.2
• Over the long-term, an indexed annuity may offer the potential for greater earnings than a fixed annuity but may have years, when the index is down, when no interest will be credited.
• Downside protection through minimum guarantees1 to ensure that your cash value will not decline due to decreases in the Index.