With the uncertainty created by volatile financial markets and disappearing sources of retirement income, an annuity is a great solution to help you reach your financial goals. Annuities accumulate savings and interest earnings that you can withdraw when you need to, and they can also pay guaranteed income immediately, or at a later time of your choosing.
SBLI offers two different annuities to meet your needs and objectives:
- Fixed Immediate: Immediate annuities can begin making guaranteed payments to you for a certain period, or even for life, immediately after you purchase the annuity.
- Fixed Deferred: Deferred annuities offer long-term, tax-deferred growth with relatively low risk. Deferred annuities can also provide guaranteed income for a period of your choosing on or before the maturity date.