Fixed Annuities
Adding a fixed annuity, issued by Ameritas Life Insurance Corp. or Ameritas Life Insurance Corp of New York, to your retirement income plan adds the stability and growth you may need to guide you to your retirement goals as you get closer to retiring.
Designed with you in mind.
Depend on a fixed annuity for predictable earnings and income stream when you need it.
How does a fixed annuity work?
A fixed annuity offers a fixed rate of return that isn’t subject to the same risk of market performance as some other types of annuities.
1
When you buy a fixed annuity, you make either a lump sum payment or a series of payments to the insurance company. Many people choose to fund their annuity using their retirement assets from a 401(k) rollover.
2
The insurance company credits your account with a guaranteed minimum interest rate.1
3
The earnings on your annuity grow tax-deferred, meaning you don’t pay taxes on the earnings until you withdraw them.2
If you’re seeking a solid foundation where your money can safely accumulate during retirement, a fixed annuity may be a good choice.
Money that lasts as long as you do
Compared to earlier generations, you can expect to live a longer, healthier life. That means the money you have for retirement needs to last longer too.
When you’re ready to start spending the money in your annuity, you decide how often and for how long you’d like to receive payments. You may be able to choose to have payments last the rest of your life, which guarantees that you won’t outlive your money.
Our fixed annuity products
Compass Flexible Premium Deferred Annuity in New York
(Issued by ALIC NY)
- Gives you flexibility to control the frequency and dollar amount of your contributions.
- You can withdraw 10% of your beginning-of-year accumulation value each policy year after the first year without incurring penalties (taxes and tax penalties may still apply).
- Provides a death benefit equal to the accumulation value.
- Provides access to your money if you’re diagnosed with a terminal illness or confined to a nursing home.
- No up-front sales charge.
- No annual charges and fees.
Compass Single Premium Immediate Annuity
(Issued by ALIC)
- Provides regular, guaranteed income payments starting almost immediately after a lump-sum investment is made.
- Available until age 85 with a minimum premium of $5,000.
- Offers different payout options.
- Offers a choice of death benefit riders that provide the potential to increase the amount of your policy’s death benefit.
How do I get a fixed annuity?
If you think a fixed annuity might be the best fit for your situation, reach out to your financial professional or we can help you find one.
1 Guarantees based on the claims-paying ability of the issuing company.
2 Withdrawals of policy earnings are taxable and, if taken prior to age 59 ½, a 10% penalty tax may also apply. The information presented here is not intended as tax or other legal advice. For application of this information to your specific situation, you should consult an attorney.
Policies and riders may vary and may not be available in all states. Optional riders may have limitations, restrictions, and additional charges.