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Annuities

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

Flexible Premium Deferred

Own a retirement plan that offers flexibility and security. All it takes is a $50 payment to get started.

Single Premium Deferred

Whatever type of retirement you dream about, a single premium deferred annuity can help you plan.

Single Premium Immediate

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.

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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.

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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.

Annuity Options

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.

 

Flexible Premium Deferred Annuity Single Premium Deferred Annuity Single Premium Immediate Annuity
How It’s Purchased

With an initial single payment, plus additional payments as desired

Single payment

Single payment

When You Start Taking Payouts

At a future date of your choice

At a future date of your choice

No more than one year after purchase

Who It’s For

Could be an ideal choice if you want to invest money over time in an annuity, instead of funding it with a lump sum of cash.

Learn more about Flexible Premium Deferred Annuities

May be a good choice if you’ve inherited money, profited from a house sale or received another lump sum of money but won’t be retiring soon.

Learn more about Single Premium Deferred Annuities

Might be a smart option if you’re getting ready to retire or are already retired.

Learn more about Single Premium Immediate Annuities

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 Copmany.

With tax-deferred growh, 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