Annuities are a type of insurance product that pays you income. Some people use annuities as part of a retirement strategy.
What is an annuity?
It’s an insurance product you buy to save a significant amount of money. It also offers a way to reduce taxes and/or ensure a steady flow of income.
Who needs an annuity/why should I buy it?
Most people buy annuities for retirement purposes. Before you buy, make sure it fits your needs.
What to consider before buying an annuity
Find out if an annuity is right for you. We recommend you consult with a tax advisor or financial planner and ask the company to explain anything you don't understand.
Who sells annuities
Only buy insurance from a licensed agent or an authorized company. Use our agent/company lookup tool to find a licensed agent or authorized company.
How much do annuities cost?
There are fees and charges you must pay annually. Before you buy, make sure you understand and ask questions about the fees and charges.