Back to top


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 financial professional 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

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

Joining forces for your future

You deserve the opportunity to find the best retirement solutions possible. That's why we work with a variety of respected companies to design options that work for you.

logo - Protective.
Logo - Axa.
logo - Prudential.
logo - Protective.
logo - Prudential.
Logo - Axa.

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.

A couple looks at papers and smile at their agent.

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

A young woman sits at a desk looking at papers and writing notes.

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

An elderly couple sits outside smiling at each other.

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

A man shakes his agent's hand.

Get the advice you need.

At Allstate, you'll work with a local financial professional who will be there every step of the way.

Contact a financial professional

Agents are Here to Help Near

Related resources

Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered BrokerDealer. Member FINRA and SIPC. Main Office: 2920 South 84th Street, Lincoln, NE 68506. 877-525-5727. Check the background of this firm on FINRA's BrokerCheck website..
ECC Monitor: OK