Annuities – Meltzer Insurance Agency

Annuity Basics

Annuities are financial products that guarantee a steady stream of retirement income. They offer tax-deferred growth potential while you're saving for retirement, and dependable income after you retire—in some cases, income for life.

Tax-deferred growth potential
Guaranteed lifetime income options
Portfolio diversification benefits

Elderly Couple thinking about retirement

Benefits of Annuities

Annuities offer important features that can help you accumulate for retirement, supplement your retirement income, and diversify your portfolio.

Tax-Deferred Growth

Your money grows without being taxed until you withdraw it, potentially allowing for greater accumulation over time.

Guaranteed Income

Receive a steady stream of income in retirement—in some cases, guaranteed for life, no matter how long you live.

Principal Protection

Fixed annuities protect your principal from market volatility, giving you peace of mind during uncertain times.

Portfolio Diversification

Annuities can complement your other investments as part of a well-rounded retirement strategy.

Types of Annuities We Offer

We specialize in fixed insurance products that provide straightforward protection and guaranteed income.

Fixed Annuities

Earn a guaranteed interest rate for a specific period. Your principal is protected and you know exactly what you'll earn.

Fixed Index Annuities

Earn interest based on the performance of a market index, with downside protection. You participate in market gains without risking your principal.

Immediate Annuities

Convert a lump sum into immediate income payments. Start receiving payments right away—monthly, quarterly, or annually.

Ideal for: Conservative investors seeking predictable returns

Ideal for: Those wanting growth potential with protection

Ideal for: Retirees ready to start receiving income now

How Annuities Work

Understanding the basics helps you make informed decisions about your retirement.

Accumulation Phase

You pay premiums to the insurance company. Your money grows tax-deferred based on the type of annuity you choose.

Annuitization

When you're ready, you can convert your accumulated value into a stream of income payments.

Distribution Phase

Receive regular income payments—monthly, quarterly, or annually—for a set period or for life.

Frequently asked questions

An annuity is a contract between you and an insurance company. You pay the company a premium (either a lump sum or over time), and in return, the company provides you with regular payments, either immediately or in the future.

Annuities are typically best suited for people approaching or in retirement who want guaranteed income, tax-deferred growth, or protection from market volatility. They work well as part of a diversified retirement strategy.

Fixed annuities are backed by the financial strength of the issuing insurance company. We work with highly-rated carriers to ensure your money is protected. Unlike stocks or mutual funds, fixed annuities don't lose value due to market downturns.

Most annuities allow you to withdraw a portion of your funds (typically 10% per year) without penalty. However, early withdrawals beyond that may incur surrender charges. We'll help you understand the terms before you commit.

Important: Annuities are designed to complement other financial products as part of your overall retirement strategy. Diversification does not ensure a profit or protect against loss. Please consult with a financial professional to determine if an annuity is right for your situation.

Ready to Plan Your Retirement Income?

Let us help you explore annuity options that can provide the guaranteed income and peace of mind you deserve in retirement.