Are income annuities a good investment?

Income annuities can provide the confidence that you will have guaranteed retirement income for life or a set period of time*. Many clients purchase income annuities to help cover their essential expenses, as defined by them, in retirement. Use this income annuity calculator to get an annuity income estimate in just a few steps. 1.

What are the different types of income annuities?

The most popular type of income annuity is a single premium income annuity ( SPIA ). This is an immediate annuity where you exchange a single payment for a guaranteed stream of lifetime income. With a deferred annuity, there is an accumulation phase where you pay a series of regular premiums into your contract.

How much does an annuity cost?

Products displayed depend on your selected filters, including premium, term length and more. There is no minimum amount required to purchase an annuity, though the national average is $150,000. Fixed annuities guarantee an interest rate for a set number of years, known as the guarantee period.