What Is An

Annuity?

What Is An

Annuity?

An annuity is not life insurance. Instead, it's a written contract where you pay a premium (a lump sum or series of payments) to an insurance company.

In return, the company promises to make regular payments to you, either immediately or in the future.

History and Reliability


Annuities have been around for centuries, offering a reliable way to ensure a steady income stream during retirement. They are a popular choice for people looking to supplement their retirement savings and ensure they don't outlive their money.

How Does Annuity Work?

When you purchase an annuity, you give a large sum of money to the insurance company. They invest it, and over time, the money is returned to you through regular payments, providing a stable income.

What do you need to get started?

Do you plan to increase your retirement savings? Are you getting close to retirement and seeking to convert your savings into income? Perhaps both?

Discover a range of products designed to safeguard your investments, unlock growth opportunities, or secure guaranteed income for life.

What do you need to get started?

Do you plan to increase your retirement savings? Are you getting close to retirement and seeking to convert your savings into income? Perhaps both?

Discover a range of products designed to safeguard your investments, unlock growth opportunities, or secure guaranteed income for life.

Discover how to protect your principal from market losses, while still growing your retirement savings

Frequently Asked Questions

What are the types of Retirement Plans?

457(b) Plan

A 457(b) plan, also known as a deferred compensation plan, is a tax-advantaged retirement savings plan for employees of certain state and local governments, as well as tax-exempt organizations. Learn More.

403(b) Plan

A 403(b) plan, also known as a tax-sheltered annuity plan (TSA), is a retirement plan that allows employees to save and invest for retirement while receiving tax advantages. Learn More.

401(k) Plan

A 401(k) is a company-sponsored retirement account where employees can contribute a percentage of their income, often with employer matching. Learn More.

What are Required Minimum Distributions (RMDs)?

RMDs are the minimum amounts that must be withdrawn annually from certain retirement accounts to comply with federal tax rules. Learn More.

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