Guaranteed Income

Guaranteed Interest Options and Payout Annuities

We can help you reach your financial security goals. Guaranteed interest options protect your principal. Payout annuities guarantee your income.

Guaranteed interest options

Guaranteed interest options (GIOs) provide a guaranteed rate of return.

With a GIO and a named beneficiary you get the additional benefits of an insurance policy such as bypassing probate, legal and other estate fees on death.

Payout annuities

As part of your financial security plan, payout annuities can provide guaranteed payments to meet your fixed-income needs. A payout annuity is a financial product that pays you a regular income for a fixed period or the rest of your life.

Insurance carriers offer a wide range of payout annuity types including:

Single life annuity – provides a level or indexed amount of income for as long as you live.
Joint and survivor life annuity – provides a level or indexed amount of income for as long as you or your joint-annuitant are living; when one dies, the survivor continues receiving the same income or a reduced income by a given percentage, as chosen at the time of purchase.
Term certain annuity – guarantees payments for a fixed period of time as chosen at the time of purchase.