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Income for Retirement

Annuities can be a great solution as you plan your retirement income needs. Available as either immediate, fixed or variable, annuities offer unique benefits that make them very attractive to many investors. Annuities can help you:

  • Protect yourself from outliving your income
  • Protect yourself from possible unfavorable market conditions at the time of death
  • Manage your tax planning strategy

What is right for you?

A variable annuity is a long-term financial retirement vehicle, subject to market fluctuations and may lose value.

Immediate Annuities are an option if you:

  • Are interested in turning a fixed asset into a regular source of income
  • Want to make a single premium payment and, in return, receive a fixed, guaranteed income

Fixed Annuities may be a good option of you:

  • Want the security of knowing your money will be there, no matter what
  • Are willing to defer the payout phase until sometime in the future in order to accumulate cash value
  • Are interested in having a fixed interest rate which can vary periodically but will never fall below a guaranteed minimum rate.
  • Want to take a conservative approach and make multiple deposits over time

Variable Annuities may make sense if you:

  • Want to defer the payout phase of policy until sometime in the future to accumulate funds
  • Want an investment vehicle that can continue to grow, even during retirement
  • Are interested in tax-deferred growth
  • Want the ability to allocate payments among a variety of investment options
  • Want flexible payout options
  • Are interested in additional protection options to safeguard against inflation and market volatility
  • Wish to incorporate death benefit protection for their families

All guarantees are based upon the claims-paying ability of the issuer. Optional benefits can complement your variable annuity. Please note that these products are optional, carry additional cost, and are available only through the purchase of a variable annuity product. 

Investors should consider the investment objectives, risks, charges, and expenses of a variable insurance product carefully before investing. Please carefully read the prospectuses for the relevant variable insurance product and its underlying investment options, which contain this and other information about the product. 

Contact a Penn Mutual Adviser who can help you determine your needs and choose the right products for you. All information will remain strictly confidential.

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