Annuities
Reliable Retirement Income Starts With a Clear Plan
You spent years building your retirement savings. Now it’s time to turn those assets into dependable retirement income you can actually live on with confidence.
At LifeSmart Financial, we help individuals and families evaluate whether annuities may fit into their retirement strategy — helping create guaranteed income, reduce uncertainty, and support long-term financial peace of mind.
Whether you are exploring fixed annuities, indexed annuities, or lifetime income options, we help you understand how annuities work and whether they align with your goals, values, and future income needs.
Worried About Running Out of Money in Retirement?
Many retirees fear one thing more than market losses: outliving their income.
Market fluctuations, rising expenses, and uncertainty about future income can make retirement feel stressful rather than rewarding. You may be wondering:
- Will my retirement portfolio generate enough monthly income?
- How can I create guaranteed retirement income?
- Should I buy an annuity?
- What happens if the market drops after I retire?
You should not have to navigate these decisions alone. The right income strategy can help create more stability and confidence for the road ahead.
What Is an Annuity?
An annuity is a contract with an insurance company designed to help provide guaranteed income during retirement.
In exchange for a lump sum or ongoing premium payments, the issuing insurance company agrees to provide income payments in accordance with the annuity contract.
Depending on the product, annuities may offer:
- Guaranteed lifetime income
- Tax deferral and tax-deferred growth
- Guaranteed monthly income
- Protection from certain market fluctuations
- Death benefit features for beneficiaries
Because annuities are insurance contracts, guarantees are backed by the claims-paying ability of the insurance company.
Types of Annuities
Fixed Annuities
Looking for stability in retirement?
Fixed annuities provide a guaranteed rate or fixed interest rate for a set period, helping conservative investors create more predictable retirement income.
Fixed Index Annuities
Want growth potential without full market exposure?
A fixed index annuity links growth opportunities to a market index while helping protect against the loss of principal during market downturns.
Indexed annuities may help provide lifetime income while reducing exposure to volatility.
Variable Annuities
Comfortable taking on more market risk for growth potential?
Variable annuities include underlying investment options similar to mutual funds. While they may offer greater upside potential, they also involve investment fees, market risk, and the possibility of losing principal.
How Annuities Support Your Retirement Strategy
Create Guaranteed Income for Life
A major reason people buy an annuity is to create a guaranteed income stream that can continue for the rest of their lives.
Some products also include guaranteed lifetime withdrawal benefit features that provide additional flexibility and income guarantees.
Help Protect
Retirement Savings
Concerned about protecting what you’ve worked so hard to build?
Certain deferred annuities and fixed annuities can help reduce exposure to market fluctuations while still supporting long-term retirement goals.
Add Stability to Your Income Strategy
Annuity income can work alongside Social Security and other retirement plans to help create a more reliable income stream throughout retirement.
Faith-Based Guidance for Retirement Planning
At LifeSmart Financial, retirement planning is about more than products and performance. It is about stewardship.
We help clients create retirement strategies that align with their faith, protect the people they love, and give them greater confidence about the future. Our goal is to help you retire with clarity, purpose, and peace of mind.
Curious whether an annuity fits your goals?
Ready for More Confidence in Retirement?
You do not have to figure out retirement income planning on your own.
We are here to help you evaluate your options, understand the different types of annuities, and build a financial plan designed around your values and retirement goals.