Annuities

An annuity is a long-term insurance contract where you pay an insurance company to invest your money in exchange for a future income stream. It’s often purchased to generate retirement income, and can provide income for life. 

An indexed annuity is a type of annuity contract that links its returns to the performance of a specific market index, such as the S&P 500 or the Nasdaq. It offers potential growth while providing some protection from market declines. 

A fixed annuity is an insurance contract that provides a guaranteed income stream, often for life or a set period, backed by a fixed interest rate.