Annuities provide a stream of payments and are generally classified as insurance because they are issued by insurance companies, are regulated as insurance, and require the same kinds of actuarial and investment management expertise that life insurance requires. Annuities and pensions that pay a benefit for life are sometimes regarded as insurance against the possibility that a retiree will outlive his or her financial resources. In that sense, they are the complement of life insurance and, from an underwriting perspective, are the mirror image of life insurance.

Your Money Can Only Go Up
A Fixed Index Annuity has a guaranteed rate of return, paying you a guaranteed fixed amount that never varies, regardless of market swings. And because they are insurance products, they can offer a guaranteed income for your lifetime.

Imagine not having to worry about outliving your money!
With all basic Fixed Index Annuity products, your principal can never decline, but it can grow with a rising index, offering growth potential. And once interest is credited, it can never be lost due to interest rate adjustments or market fluctuations.

Indexed Annuities can give you the peace of mind you may have lost along with your nest egg during the volatile markets of 2008 and 2009.

In 2015 the  IALC released new data that explored Americans’ Top Retirement Fears and found Americans may not be as prepared for retirement as they need to be in today’s volatile market. More than 50 percent of Americans are afraid of outliving their income or their inability to pay for basic necessities like healthcare, but are not changing their financial lives to address their fears, according to a new survey released by the IALC. Even with this fear, many are not taking the necessary steps to prioritize future savings over their current expenses. In fact, a quarter of Baby Boomers – the age group closest to retirement – have less than $5,000 saved for retirement and nearly one in five Americans have no idea how much they’ve saved. 

When taking a closer look at exactly what Americans top retirement fears are, the IALC found they include:

Outliving their income (25%)
Maintaining their current lifestyle (23%)
Healthcare expenses (19%)