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What is an annuity?

Annuities are tax-deferred investments that allow you to earn a post-retirement income — which means you can earn money even after you're off the clock.

Explore the key benefits of annuities or contact an Allstate Personal Financial Representative to learn more.

  • Saves more
    Unlike other retirement accounts, annuities have no annual contribution limit

  • Earns untaxed savings
    All your money compounds each year without taxes

  • Offers flexible payment options
    You can choose to cash out all at once or earn guaranteed payments for a set time period

Joining forces for your future

Allstate works with a number of respected financial companies to provide options for your unique investment needs. When you work with a Personal Financial Representative at Allstate, you'll receive help finding the best retirement solutions possible.

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Explore annuities as an option for your future.

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Financial Representative

Learn about the four types of annuities.

  • 1. Single premium immediate annuity
    This can be a great way to create a guaranteed "paycheck." It could provide predictable, guaranteed immediate income for life or a set period of time while limiting downside market risk

  • 2. Fixed annuity
    A low-risk option that guarantees a fixed interest rate over a specific time period and offers low investment minimums

  • 3. Variable annuity
    A higher-risk option that provides the potential for a greater opportunity for growth based on your investment's marketplace performance

  • 4. Index and equity-linked annuity
    Offers some protection from downside risk and has the potential for more earnings as the stock market rises

How does an annuity work?

Whether retirement is far off or it's fast approaching, here's a step-by-step look at how annuities work.

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1. Choose your best option
We can help you determine what might work best based on your expected retirement date and income needs after the fact

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2. Begin contributing
Unlike traditional retirement accounts such as 401(k)s and IRAs, most annuities don't have an annual contribution limit so you can contribute as much as you want

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3. Start earning
Choose to receive payment in a lump-sum or over a period of time

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Get The Advice You Need.

Allstate has Personal Financial Representatives who live and work in local communities. When you turn to Allstate, you'll receive personalized service from a representative who is trained to help you manage your financial needs, whether you decide to invest in an annuity or explore other investments options.

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Related resources

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