Annuity – Short Explanation 1️⃣ Guaranteed Lifetime Income An annuity can provide regular income for the rest of your life, so you don’t outlive your retirement savings. 2️⃣ Protection from Market Loss Some annuities protect your principal from market downturns while still allowing growth. 3️⃣ Tax-Deferred Growth Your money grows tax-deferred, meaning you don’t pay taxes until you withdraw the money. 4️⃣ Flexible Retirement Options You can choose when to start income and even include spouse lifetime income options. 5️⃣ Family Protection If something happens to you, the remaining money can go to your beneficiaries.