Retirement income planning

Understand fixed and variable annuities — then decide if either fits your goals.

Annuities can help turn savings into predictable income or growth potential. Share a few details and a licensed professional will follow up — no obligation, no pressure.

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  • Plain-language overview
  • Licensed professional follow-up
  • No obligation to purchase

Plain-language explainer

Fixed vs. variable annuities

Both are insurance contracts that can provide income later. They differ in how returns work, how much risk you take, and what you pay for.

Fixed annuity

Steady rate, principal protection

What it is: A contract with an insurance company that credits a declared interest rate (or a rate with a stated minimum). Your principal is generally protected from market downturns by the insurer’s guarantee.

Who it tends to suit: People who prioritize predictability, principal protection, and a clearer picture of future income over chasing higher market returns.

  • Tradeoff Growth is typically limited to the credited rate; you may forgo higher market upside.
  • Tradeoff Surrender charges and limited liquidity during the surrender period are common.
  • Tradeoff Guarantees depend on the claims-paying ability of the issuing insurer — not FDIC insurance.
Variable annuity

Market-linked growth potential

What it is: A contract whose value fluctuates with investment subaccounts you choose (similar in concept to mutual funds). Optional riders may add living or death benefits for an extra cost.

Who it tends to suit: People comfortable with market risk who want tax-deferred growth potential and are willing to accept fees and complexity for that flexibility.

  • Tradeoff Account value can decline with markets — you can lose principal.
  • Tradeoff Fees (mortality & expense, admin, fund expenses, riders) can be significant.
  • Tradeoff Surrender periods apply; early withdrawals may incur charges and tax penalties.

This is educational summary only — not a recommendation. Product features, fees, and guarantees vary by contract and issuer.

Simple process

How it works

Three short steps. No obligation to buy anything.

  1. 1

    Fill out the form

    Tell us a bit about your goals, timeline, and how you’d like to be reached.

  2. 2

    A licensed professional contacts you

    Someone licensed to discuss annuities will reach out at a time that works for you.

  3. 3

    Decide with no pressure

    Ask questions, compare options, or simply gather information. You’re never obligated to purchase.

Common questions

FAQ

Is this a recommendation to buy an annuity?

No. This page is educational. Whether an annuity is appropriate depends on your full financial picture, goals, risk tolerance, and other factors. Only you — with help from a licensed professional — can decide.

Will I be charged for the conversation?

Requesting information through this form does not obligate you to purchase anything. Ask the professional who contacts you about any fees related to advice or products they offer.

What’s the difference between fixed and variable in one sentence?

Fixed annuities generally credit a declared rate and protect principal via the insurer’s guarantee; variable annuities invest in market-linked subaccounts, so values can rise or fall and you can lose money.

Are annuity guarantees guaranteed by the government?

No. Insurance guarantees are backed by the claims-paying ability of the issuing insurance company — not by FDIC or any government agency. Variable annuity securities involve market risk.

Can I opt out of contact later?

Yes. You can ask to stop being contacted at any time. See the consent language on the form and our Privacy Policy.

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