Preparing for a good, long life ahead
A fixed annuity can be a great way to plan for retirement income if you live a long life.
Select a product below to learn more
Own a retirement plan that offers flexibility and security. All it takes is a $50 payment to get started.
Whatever type of retirement you dream about, a single premium deferred annuity can help you plan.
With a one-time payment, you can get immediate guaranteed income for the rest of your life.
Intro to Fixed Annuities
It’s no secret we’re living longer, which is great news. A big thing to consider if you do live a long time though is having enough money to live comfortably, and an annuity can help. Whether your focus is on having immediate guaranteed income for life or accumulating money with tax-deferred growth that can provide income for later in life, we’ve got annuity options that could be a helpful part of your retirement plan.
Is an annuity right for me?
It depends. Many retirees cover their fixed expenses like housing costs and food with guaranteed income sources, like Social Security and pensions. That leaves their other retirement investments and savings for the fun stuff, like traveling and hobbies.
If you don’t think Social Security and pension money will cover all your fixed expenses, buying an annuity can add another guaranteed income source to your retirement. It can also be a good choice if you’re concerned you won’t be disciplined in withdrawing money from your savings.
Benefits of annuities
In addition to having the option of lifetime income, if you have a deferred annuity, the value of your annuity can grow tax-deferred at interest rates that are guaranteed not to fall below a certain minimum. There's often no limit on the amount you can contribute to an annuity*, and you can choose from a variety of payout options. The payments you receive from your annuity will vary based on the payout option you choose.
*Annuities purchased in an IRA or other qualified account are subject to IRS contribution limits.
What kind of annuity to get and how much to contribute to it will depend on your specific goals, and a local COUNTRY Financial® representative and our team of financial professionals can help you go through your options and give you a no-obligation quote. We won’t recommend anything we don’t think would benefit you, and we’ll give you honest answers to all your questions.
Annuities issued by COUNTRY Investors Life Assurance Company®, Bloomington, IL. Annuities are not available in all states.
The information and descriptions contained here are not intended to be complete contract descriptions. Annuity contracts contain exclusions, limitations, charges and terms for keeping them in force. Contact your financial representative for costs and complete details.
Annuity guarantees based on the claims paying ability of COUNTRY Investors Life Assurance Company.
With tax-deferred growth, the interest your annuity earns is generally subject to ordinary income taxes upon payout or withdrawal, and may be subject to a 10% federal tax penalty if taken before age 59 1/2.
COUNTRY Financial and our representatives cannot give tax advice. Any information we provide reflects our understanding of current tax laws, which are subject to change and reinterpretation. See your tax advisor regarding your personal circumstances.
Contract form numbers:
Single Premium Deferred Annuity: CI-SPDA-03B
Flexible Premium Deferred Annuity: CI-FPDA-03B
Single Premium Immediate Annuity: SPIA(09/06), MAI_38_87, CI_37_02