For clients
Annuities and retirement income
An annuity is a contract with an insurance company that turns a lump sum or a series of payments into income you cannot outlive. A Topflight agent explains the types in plain language and shops the carriers for you.
The options
Fixed, indexed and immediate
- ◆Fixed annuities pay a guaranteed interest rate for a set term. Principal is protected by the carrier.
- ◆Fixed indexed annuities credit interest tied to a market index with a floor, so a down year does not reduce your principal, and most offer an income rider for guaranteed lifetime payments.
- ◆Immediate annuities start paying within a year, for people who want income now.
- ◆Deferred annuities grow tax-deferred and begin income later, often at retirement.
Who they fit
Questions to ask before you buy
- ◆How much of my retirement income do I want guaranteed, no matter what the market does?
- ◆When do I need the income to start, and for how long: my lifetime, or both spouses’?
- ◆What is the surrender period, and will I need this money sooner?
- ◆How does this fit with Social Security, a pension, Medicare costs and the rest of my savings?
How we help
What a Topflight agent does for you
- ◆Explains each product type and its guarantees in plain language, including surrender charges and rider fees.
- ◆Compares carriers and their financial strength ratings before you commit.
- ◆Coordinates the annuity with your Medicare and life insurance decisions.
- ◆Costs you nothing. Agents are paid by the insurance carrier.
Talk to a Topflight agent
Free consultation. No pressure. Monday to Friday, 9:00 AM to 5:00 PM EST.
Are you an insurance agent? Annuity contracting is available through Topflight. Carrier contracting or ask the Care Team.
Frequently asked
Questions clients ask
What is an annuity?
A contract with an insurance company that turns a lump sum or a series of payments into guaranteed income, either starting right away or at a later date.
Can I lose money in a fixed indexed annuity?
Interest credits are tied to an index with a floor, so a down index year credits zero rather than reducing your principal. Surrender charges can apply if you withdraw early, which is why the surrender period matters.
Does it cost anything to talk to a Topflight agent about annuities?
No. Consultations are free and the agent is paid by the carrier.
Last reviewed: · Reviewed by Joanna Wyckoff, Founder. Published by the Topflight Data Desk.
