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Immediate annuities

Income now

Immediate annuities offer the opportunity to provide income today, and a guaranteed stream of income you won’t outlive – no waiting, no worries.

How immediate annuities work

When you purchase an immediate fixed annuity, you invest a lump sum to generate a guaranteed stream of income that begins within a year after purchase.

At the time of purchase, you select from a range of annuity income options to determine how you want to receive your income payments over time.

These options allow you to structure an income that’s guaranteed to last for your lifetime, for a set period of time, for joint lives, and/or to provide for loved ones after you’re gone.

Benefits to you

  • Powerful option of creating a guaranteed stream of income that can’t be outlived
  • Reliable source of steady income
  • Using a portion of your assets for a reliable stream of income allows you the freedom to invest for growth with other assets
  • Receiving your money as an income stream may spread out your tax liability over time



How do I purchase an annuity?

Our annuities may be purchased through a financial professional. To see how much you may need to save for retirement, use our easy-to-follow calculator.

Start calculating

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Income payments and withdrawals from immediate annuities are generally taxable as ordinary income in the year in which taken. When purchased as part of an IRA or other qualified plan, the IRA or qualified plan already

provides tax deferral of earnings, and the annuity contract does not provide any additional tax deferred treatment of earnings. Withdrawals taken from a qualified plan prior to age 59½ may incur a 10% federal tax penalty. This information should not be considered tax advice. Please consult a tax advisor for specific information.

The guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.

Some products and features may not be available in all states and features may vary by state. 

A purpose of the method of marketing is solicitation of insurance and that contact will be made by an insurance agent or agency. 

Not a deposit — Not FDIC/NCUA insured — Not insured by any federal government agency — Not guaranteed by any bank or credit union

DOFU 12-2022