An annuity is long-term retirement product that can help protect you against the risk of outliving your assets. It is a contract between you and an insurance company: you receive future income in return for your contributions.

Any earnings on contributions are tax-deferred until they are withdrawn, usually at retirement. You may receive income in a number of ways, including payments that will last for as long as you live. Annuities can be a valuable addition to your retirement plan.

Annuities may help you:

• Receive retirement income payments for as long as you live
• Protect beneficiaries with a death benefit
• Diversify your investments
• Provide an opportunity for growth on a tax-deferred basis
• Avoid outliving your assets