Retirement
Variable Annuities
Income annuities are designed to provide guaranteed income, rather than to help you accumulate retirement savings. Immediate income annuities guarantee income that begins within 13 months of contract issue in exchange for a single purchase payment. Deferred income annuities guarantee future income and generally allow you to make multiple purchase payments over time (with some restrictions). Since they provide limited or no liquidity, guaranteed income annuities generally are not the best choice if having access to the money in your annuity contract is important to you.