Fixed or variable annuities

With a fixed annuity, you know exactly how much regular income you’ll receive, either for a specific term (a term-certain annuity) or for life (a life annuity). This certainty makes fixed annuities an extremely valuable tool for retirement planning.

With a variable annuity, you’ll still receive some fixed, preditable income. However, you’ll also get some variable income that rises when the investments within the annuity fund perform well and drops when they don’t. There’s less stability with a variable annuity, but also an opportunity to benefit from strong returns. 

Talk with an advisor to see which is best for you.