Compare Annuity Categories
Not sure which annuity type fits your needs? Here are the top options to consider.
Fixed Annuities
Protect your principal and earn a guaranteed interest rate for a set period.
Ideal For
Conservative savers who value predictable growth and pension-like income.
Key Features
- Guaranteed minimum interest credited annually.
- Income options that can last for life or a defined term.
- Death benefit to pass remaining value to beneficiaries.
Considerations
- Returns may not keep pace with inflation.
- Surrender charges limit access to funds in early years.
Fixed Indexed Annuities
Link growth to an index such as the S&P 500 while keeping your principal protected during downturns.
Ideal For
Moderately conservative investors seeking market-linked potential with downside protection.
Key Features
- Index credits with caps, spreads, or participation rates.
- Optional income riders for lifetime payments.
- Penalty-free withdrawals up to a contract-defined amount.
Considerations
- Caps and spreads limit the upside you capture.
- Formulas vary by carrier—understanding them takes guidance.
Variable Annuities
Invest in professionally managed portfolios with tax-deferred growth and optional guarantees.
Ideal For
Growth-oriented investors who can handle market ups and downs and want income riders or death benefits.
Key Features
- Diversified subaccounts similar to mutual funds.
- Optional living benefit riders to lock in future income.
- Tax-deferred compounding on investment gains.
Considerations
- Market risk can reduce account value.
- Mortality, expense, and rider fees can be higher than other products.