Coverage
Annuities
Annuities are retirement-focused products that help your savings grow tax-deferred and can turn them into reliable, lasting income. For pre-retirees and retirees, they offer a way to protect what you have built and create income you can count on. As an independent brokerage based in Dallas and licensed nationwide, Legion Financial Group compares annuity options across many top-rated carriers to fit your retirement goals.
What is an annuity?
An annuity is a contract with an insurance company. You contribute funds — either in a lump sum or over time — and in return the annuity can grow on a tax-deferred basis and later provide income, often for a set period or for the rest of your life.
Annuities are commonly used to complement other retirement savings, helping convert a portion of your nest egg into predictable income that is not tied to day-to-day market swings.
Common types of annuities
- Fixed annuities — offer a guaranteed interest rate for stable, predictable growth.
- Fixed indexed annuities — credit interest linked to a market index with a floor that protects against index losses.
- Immediate annuities — convert a lump sum into income that starts right away.
- Deferred annuities — grow over time, with income beginning at a future date you choose.
How annuities support retirement
- Tax-deferred growth — earnings are not taxed until you withdraw them.
- Guaranteed income options — turn savings into income you cannot outlive.
- Principal protection options — certain annuities help shield your contributions from market declines.
- Predictability — reliable income can cover essentials so other assets can stay invested for the long term.
Who annuities are for
Annuities tend to suit people approaching or in retirement who want to protect savings and create dependable income. Because suitability depends on your timeline, goals, and overall plan, it is worth reviewing the details with a licensed agent before committing.
Why work with an independent broker
Annuity features, rates, and income options vary considerably between insurers. As an independent broker, Legion compares contracts across many top-rated carriers and explains the trade-offs clearly, so the recommendation fits your retirement plan rather than a single company's lineup.
Frequently Asked Questions
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No obligation — just clear answers and an honest recommendation that fits your family and budget.
Annuity features and guarantees are backed by the issuing carrier's claims-paying ability. Suitability depends on your individual circumstances.
Product availability, features, riders, and guarantees vary by carrier, product, and state, and are subject to the issuing carrier's terms and underwriting. This page is for general information only and is not insurance advice or an offer of coverage.