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Annuities - Let us help you find guaranteed income and safe growth
Annuities provide guaranteed income for life or tax-deferred growth, and every purchase requires a suitability review. Send us a few details and we will compare plans from top-rated carriers – no cost, no obligation. Prefer to talk? Call 800-616-3490.
Annuity Suitability Quote Request
Applicant Information:
Have these handy
- Date of birth and state of residence
- Current coverage, if any
- Income, assets and investment goals
- Existing annuities or retirement accounts
Related coverage
Coverage details
What Annuity Suitability coverage includes
An annuity is a contract with an insurance company that turns savings into guaranteed income or grows money on a tax-deferred basis. Annuities are designed for long-term retirement goals, such as income you cannot outlive or protecting principal from market losses. We compare fixed, indexed and income annuities across carriers and review suitability with you before any recommendation.
- Guaranteed income - Lifetime income you can't outlive.
- Tax-deferred growth - Growth taxed only when withdrawn.
- Fixed and indexed options - Principal protection with growth potential.
- Death benefit - Remaining value passes to heirs.
- Income riders - Optional guaranteed income riders.
- Principal protection - Fixed and fixed indexed annuities do not lose value from market declines.
Good to know: surrender charges apply in the early years, so make sure the money will not be needed for that period. Annuities are not FDIC insured, and guarantees are backed by the claims-paying ability of the issuing insurance company.
Not covered: annuities are not a substitute for an emergency fund, and withdrawals before age 59 1/2 may be subject to a 10% federal tax penalty in addition to ordinary income tax.
Insurance Application:
Annuities
Required forms
Annuity Suitability Supplemental Application (PDF)
Related planning supplements (add any that apply)
Download, complete and email to info@societiesinsurance.com, or attach them with your quote request. More options are listed below.
Contact details
Prefer to talk?
- Toll-Free: 800-616-3490
- East Coast: 706-550-4418
- West Coast: 206-755-0101
- info@societiesinsurance.com
- Mon-Fri 8:00am - 6:00pm, Sat 9:00am - 12:00pm
Annuities explained
How annuities work
You pay the insurance company a lump sum or a series of payments. In return, your money grows tax-deferred and can be turned into a stream of guaranteed income, either now or later.
Fixed annuity
A guaranteed interest rate for a set period, similar to a CD but tax-deferred.
Fixed indexed annuity
Interest linked to a market index with a floor that protects you from losses, subject to caps or participation rates.
Immediate income annuity
Converts a lump sum into guaranteed income that starts within a year, for life or a set period.
Deferred income annuity
Buy now and start guaranteed income at a future date, often at a higher payout.
Our suitability review: before we recommend an annuity, we review your age, income, other assets, liquidity needs, tax situation and goals, as state law requires. An annuity should fit your overall plan, not replace it.
Before you buy
Questions to ask about any annuity
Know the terms
- How long is the surrender period, and what are the charges each year?
- How much can I withdraw each year without a charge?
- What are the caps, participation rates or spreads, and can they change?
- Are there fees for optional income or death benefit riders?
- What is the issuing company's financial strength rating?
Good fits for an annuity
- You want income you cannot outlive in retirement
- You have maxed out other tax-advantaged savings
- You want to protect part of your savings from market losses
- You do not need the money for the length of the surrender period
- You want a guaranteed death benefit for heirs
Review before you replace. Exchanging an existing annuity or life policy for a new one can restart surrender charges and change benefits. We will compare both side by side before you decide.
Retirement and protection
Related retirement coverage
Annuities work best alongside other planning tools. Explore related coverage below.
Plan for retirement
Long-Term Care
Pays for home care, assisted living or nursing care.
Get a quote Supplemental application (PDF)Permanent / Whole Life
Lifetime coverage with guaranteed cash value.
Get a quote Supplemental application (PDF)Universal Life
Flexible lifetime coverage for legacy planning.
Get a quote Supplemental application (PDF)Medicare Supplement
Predictable health costs once you are on Medicare.
Get a quote Supplemental application (PDF)Medicare Advantage / Part D
All-in-one Medicare plans with drug coverage.
Get a quote Supplemental application (PDF)This is general information, not tax, legal or investment advice. Annuities are not FDIC insured, and guarantees are backed by the claims-paying ability of the issuing insurer. Questions? Call 800-616-3490.