Immediate annuities guarantee regular payments for a specific period or for a lifetime. You can select payments to begin any time during the annuity's first year. These annuities can help you transition from an accumulation phase to an income phase of retirement. Consider an immediate annuity when you want a safe, guaranteed source of income.
An immediate annuity can be ideal for transforming large, lump-sum payments into an income stream. It can make money last from large lump sums like insurance proceeds, legal settlements, property sales, inheritances and more.
An immediate annuity lets you stretch tax payments over a longer time period. How does it work?
Some of our immediate annuities offer optional features to give you greater flexibility in how you receive your income. Talk to your financial advisor about which product is right for your needs.
A deferred annuity can provide a safe, tax-deferred way to reach your goals.
Your financial advisor can help you purchase annuities from The Standard. Don’t have an advisor? We can connect you with an expert who can answer your questions and provide the latest rates.
Ask your financial advisor about an annuity to fit your retirement income needs.
Note that a 10% IRS penalty may apply to any withdrawals taken prior to age 59½; this penalty would be in addition to any normal taxation of the withdrawal. The following applies if the annuity is purchased through a bank or a credit union: (a) the annuity is not a deposit; (b) the annuity is not guaranteed by any bank or credit union; (c) the annuity is not insured by the FDIC or any other governmental agency; (d) the purchase of an annuity is not a provision or condition of any bank or credit union activity; and (e) some annuities are subject to investment risk and may go down in value.