Income from Annuities

You’ll have choices based on when you want to start taking income from an annuity.

Immediate Annuities

An immediate annuity starts paying you income very soon after you buy it.

When will these annuities pay income?
Now.

Deferred Annuities

A deferred annuity doesn’t start paying income until a point you designate in the future. In the meantime, your money earns a rate of return that’s “rolled up” or added to the acount and income value within your annuity. In fact, you don’t ever have to take income out of the annuity, if you don’t need it. The money can keep growing, tax-deferred.

When will these annuities pay income?
Later…or never (if you don’t need it).

There is a wide variety of riders you can buy on some annuities to seek various protections or benefits. Here are just a few examples:

• An increase of income tied to the rate of inflation.
• A legacy to your heirs: either a lump sum, or an ongoing stream of annuity payments.
• Payments to help cover health care or nursing home expenses.