Individuals

A lifetime income Annuity is a contract with an insurance company that provides guaranteed income for the rest of your life:

How it works

You make a lump sum or series of payments to the insurance company, and in exchange, you receive regular payments for life.

When payments start

Payments can start immediately or at a future date you choose.

Who receives payments

You can choose to receive payments for life, or you can choose to have payments continue to a loved one after you pass away.

Features

You can choose optional features like protection for your beneficiaries, or an annual payment increase to help your payments keep up with inflation.

When it might be a good option

A lifetime income annuity might be a good option if you're risk averse, want peace of mind, or are worried about running out of money.