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Annuities and Your Retirement

Annuities are one option for funding your retirement.

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For many people, deferred annuities are a way to help fund their retirement.

A deferred annuity is a financial contract with an insurance company that is designed to meet retirement and other long-range goals. The owner makes a series of premium payments. At retirement, the owner can elect to receive an income paid at regular intervals. Depending on the owner’s election, payments can be made over a specific period of time, 20 years for example, or as long as the owner or their spouse is alive.

Income from an annuity can be paid monthly, quarterly, annually or even in a lump sum.

To learn more about annuities and if they fit in with your retirement planning, American Family Insurance offers this annuity calculator. This calculator is for illustrative purposes only and is intended to give you a basic introduction to annuities. For more detailed information for your personal situation, contact an American Family agent.

Not all American Family agents sell American Family Life Insurance Company annuity products. Neither American Family Life Insurance Company nor its agents are authorized to give legal or tax advice.

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