Types of Annuities
Annuities come in different forms—each designed to meet specific retirement goals. Whether you're looking for growth, guaranteed income, or protection, here’s a quick guide to help you choose what fits best.
Types of Annuities
Annuities come in different forms—each designed to meet specific retirement goals. Whether you're looking for growth, guaranteed income, or protection, here’s a quick guide to help you choose what fits best.
Growth Annuities
What is it?
A growth annuity (typically a Fixed Indexed Annuity, or FIA) offers the potential for market-linked growth without the risk of market losses.
How it works
Your annuity’s interest is tied to a market index like the S&P 500 (but you’re not actually invested in it). You benefit from upside potential — and your principal is protected even if the market goes down.Interest is credited annually based on performance, subject to caps or participation rates.
Who it’s ideal for
✅ Pre-retirees seeking growth + safety
✅ People who want to avoid stock market losses
✅ Anyone building long-term retirement income without risk
Growth Annuity
What Is it?
A growth annuity (typically a Fixed Indexed Annuity, or FIA) offers the potential for market-linked growth without the risk of market losses.
How it works?
Your annuity’s interest is tied to a market index like the S&P 500 (but you’re not actually invested in it). You benefit from upside potential — and your principal is protected even if the market goes down.Interest is credited annually based on performance, subject to caps or participation rates.
Who it's ideal for?
✅ Pre-retirees seeking growth + safety
✅ People who want to avoid stock market losses
✅ Anyone building long-term retirement income without risk
Income Annuity
What Is it?
An income annuity is designed to turn your savings into guaranteed income
for life — like your own personal pension.
How it works?
You provide a lump sum.The insurance company pays you a fixed monthly income, either immediately or starting at a future date.Income can last for life or a fixed period.
Who it's ideal for?
✅ Retirees looking for predictable income
✅ Anyone worried about outliving their savings
✅ People who want peace of mind in retirement
Multi-Year Guaranteed (MYGA)
What Is it?
A MYGA is a type of fixed annuity that offers a guaranteed interest rate for a set number of years — like a more flexible, tax-deferred alternative to a CD.
How it works?
You invest a lump sum with an insurance company. In return, you get a guaranteed interest rate (e.g. 4–5%) for a term you choose (typically 3–10 years) .No market exposure, no surprises.
Who it's ideal for?
✅ Conservative investors
✅ People approaching retirement
✅ Anyone looking to protect principal while earning predictable interest
Income Annuities
What is it?
An income annuity is designed to turn your savings into guaranteed income
for life — like your own personal pension.
How it works
You provide a lump sum.The insurance company pays you a fixed monthly income, either immediately or starting at a future date.Income can last for life or a fixed period.
Who it’s ideal for
✅ Retirees looking for predictable income
✅ Anyone worried about outliving their savings
✅ People who want peace of mind in retirement
Multi-Year Guaranteed (MYGA)
What is it?
A MYGA is a type of fixed annuity that offers a guaranteed interest rate for a set number of years — like a more flexible, tax-deferred alternative to a CD.
How it works
You invest a lump sum with an insurance company. In return, you get a guaranteed interest rate (e.g. 4–5%) for a term you choose (typically 3–10 years) .No market exposure, no surprises.
Who it’s ideal for
✅ Conservative investors
✅ People approaching retirement
✅ Anyone looking to protect principal while earning predictable interest
Before Choosing an Annuity, Ask Yourself
Is My Income Set For Retirement?
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Do I want guaranteed income or growth potential?
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When will I need access to this money?
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How much of my portfolio am I comfortable risking?
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Do I need income now or later?
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What is my top priority for retirement?
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What other sources of retirement income do I have?
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How important is tax deferral for my situation?
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– Emily R. – Retired Nurse, Georgia
"I was nervous about retiring early and running out of money. Dan and his team made everything so simple. They explained how I could use part of my 401(k) to create guaranteed income for life. Now, I get a paycheck every month—just like when I was working—and I don’t worry about market drops anymore. I wish I found this sooner!"
– Mark W. – Small Business Owner, North Carolina
"I always thought annuities were too complicated. But these guys broke it down step by step and helped me move my old retirement funds into something that gives me guaranteed income for life. It was smooth, stress-free, and now I feel 100% confident about my future."
– David K. – Engineer, Recently Retired, Ohio
"What impressed me most was how hands-on and caring the team was. They weren’t pushing a product—they were showing me how to protect what I worked so hard to build. Now, my wife and I have guaranteed income for life, and I can actually enjoy retirement without constantly checking the markets."
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