There are deferred annuities and income annuities.

Deferred Fixed Annuities - A deferred fixed annuity has a rate of return that is set and guaranteed for a specific time by the insurance company. The This type of annuity may appeal to you if you have a more conservative approach to retirement or are looking for a vehicle to serve as a conservative portion of your retirement plan. A deferred fixed annuity provide tax deferred growth, fixed interest for safety of principal and a death benefit for your beneficiaries.

Income Annuities - An income annuity has a unique advantage. It can provide income you can’t outlive. It’s funded by a single premium that is converted into a steady stream of guaranteed income payments now or in the future for the rest of your life.

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