An Annuity can be structured so that you will NEVER outlive your income! Interested? Then read on!.  Here's how it works:
An Annuity is a contract between a contract owner and a Life Insurance Company. The Annuity's value and guarantees are backed by the financial strength and claims-paying ability of the issuing company.
As the contract owner, you pay the premiums to the Insurance Company. In exchange for your premium, the Insurance Company promises to make payments to you at some point in the future.
You SHOULD NOT buy an Annuity for SHORT TERM purposes! Why? Because you generally have to keep your premium in the Annuity for a specified period of time to avoid the assessment of penalties, such as surrender charges.

Annuities Important Benefits:

• Potential Growth during the Annuity's accumulation phase. An Annuity can be an ideal vehicle to help you accumulate money for your retirement.
• Income for LIFE and other options during the retirement income phase. When you are ready to start taking income your annuity offers you a range of payment options. These options include an immediate lump sum payment. Others include income payments over a specified period of time, including your entire lifetime.
• Tax Deferral that can help your money grow: This means you DON"T have to pay TAXES on your Annuity growth until you begin to withdraw money from your Annuity. The power of tax deferral, compounded over the life of your Annuity's accumulation phase, could have a positive impact on your Retirement Annuity's value.
• Death Benefit Protection for your beneficiaries: Annuities are Life Insurance products. So it's only natural that you receive reassurance, knowing your beneficiaries are protected if you pass away.

Check out our Product Page for Bonus Annuities. These Annuities reange from a 5-25% bonus on your ENTIRE Initial Deposit! And then on Every Deposit you make for the next 3 YEARS you receive another bonus! Perfect if you have money in a CD or Money Market Account or you're looking to Roll-Over your existing IRA or Annuity.