An annuity is an insurance product that can convert part of your nest egg into steady, predictable retirement income — guaranteed by the issuing company. See how it works, then get free, no-obligation help from a licensed agent.
A contract with an insurance company: you put in a lump sum (or a series of payments), and in exchange the company pays you income — now or starting later. It's designed to solve one problem most savings can't: income that keeps coming for as long as you live.
Fixed annuities pay a set rate. Fixed-index annuities tie growth to a market index with a floor that limits losses. Income (immediate) annuities start paying right away. A licensed agent can explain which fits your situation — they are not all the same.
After decades of saving in a 401(k) or IRA, the question becomes 'how do I turn this into a paycheck?' Annuities are one of the few tools built specifically to guarantee retirement income. They're often considered alongside Social Security timing and other savings.
Annuities can carry surrender periods (a charge for taking money out early), and guarantees depend on the issuing company's strength — they're not FDIC-insured. They aren't right for everyone. A licensed agent can walk through the trade-offs honestly before you decide anything.
Annuities are insurance/financial products; features, rates, guarantees and suitability vary by company and by your situation. This page is general education, not investment, tax, or legal advice — a licensed agent can review what fits you.
Most people spend their whole working life saving for retirement and then realize no one taught them how to turn that savings into a reliable paycheck. An annuity is one of the only products built to do exactly that — guarantee income you can't outlive. It isn't the right answer for everyone, and the details matter: type, rates, fees, surrender periods, and the strength of the company standing behind the guarantee. LeadLoom connects you with a licensed agent who can explain the options in plain English, compare them to what you already have, and help you decide — at no cost and with no obligation to buy. We are not a government agency and are not affiliated with Social Security or Medicare.
It's a contract with an insurance company that can turn part of your savings into income — either starting now or at a future date. Its defining feature is the option for income that continues for as long as you live, which most other savings vehicles can't guarantee.
Annuity guarantees are backed by the financial strength of the issuing insurance company, not by the FDIC. Fixed and fixed-index annuities offer principal protection features; the specifics depend on the contract. A licensed agent can show you the guarantees in writing and explain the company behind them.
Often yes, and frequently as a tax-free rollover — but the rules and tax treatment matter, and an annuity isn't the right move for every dollar. A licensed agent (and, for tax specifics, your tax advisor) can help you decide what, if anything, makes sense to move.
No. Annuities are private insurance/financial products and have nothing to do with Social Security or any government program. We are not affiliated with or endorsed by any government agency, and we connect you with licensed agents who can explain your options at no cost.