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Gardening Together

Annuities can help address one of your fundamental concerns: Outliving your savings. They offer you guaranteed lifetime income payments*, which may give you freedom to fulfill your retirement dreams and help with your financial peace of mind. They also give you flexibility to use your cash however you choose.

The Value of Annuities

What annuities can offer

Guaranteed, reliable income*


One of the most difficult problems in retirement is determining how much income you’ll need. Annuities provide reliable income that you can use however you wish.

Tax-deferred growth


Taxes on annuity earnings are deferred until you begin taking money out***. That may help you minimize the amount of tax you pay.

Flexible income options


Everyone’s situation is different. Annuities offer income options and choice of frequency so you can select what’s right for you.

How annuity payments can be used

How you use your annuity payments is up to you. Many people use the money to:

  • Pay everyday living expenses

  • Supplement Social Security payments or other income sources

  • Fund a grandchild’s education

  • Contribute to charity

  • Purchase other insurance products

* Guarantees are subject to the claims-paying ability of the issuing insurance company.

** Consult with a professional tax and/or legal advisor before taking any action that may have tax or legal consequences.

*** Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and if taken before age 59 1/2 may be subject to a 10% IRS penalty.

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