Grow your retirement savings with annuities

Many people worry if their savings will last the life of their retirement. A Bankers Life annuity offers you a way to protect your retirement savings while providing an additional source of retirement income.

An annuity is a financial vehicle designed to help you accumulate money for retirement, protect what you’ve saved, or turn your retirement savings into an income stream. You agree to fund the annuity, either with a lump sum of money or through regular payments. These contributions generally earn a tax-deferred rate of return as they accumulate.

• Financial security—your principal is always safe from market loss
• Growth potential—accumulate interest with traditional fixed and fixed indexed options
• Tax-deferred interest accumulation
• A variety of income options, including guaranteed lifetime income
• Death benefit paid to beneficiaries

1. Fixed Indexed Annuities

• With a Guaranteed Lifetime Income Annuity, you have the option to elect a predictable, guaranteed income stream for life, while still maintaining flexibility, control and access to your funds.
• The longer you wait to begin receiving your income payments, the greater your income payments may be.
• Plus, no fee is charged to the annuity's account value for the lifetime income withdrawal benefit, meaning you will never experience a loss to your principal from either market conditions or fees.
• Other withdrawals during the early years of the annuity may incur withdrawal charges.
• Guaranteed Lifetime Income Annuity Plus with Enhanced Benefit (GLIA Plus) provides the same opportunity to receive a guaranteed income stream for life, plus the option to receive a temporary increase to your lifetime income withdrawals if you’re certified as having a chronic illness, injury, or severe cognitive impairment. The money is there when you need it most.

• With a Flexible Premium Bonus Indexed Annuity, you can make additional deposits after the policy is in effect. This allows you to consolidate your retirement accounts into a single place that may be less volatile as you near retirement.
• Grow your money through a fixed interest rate or potentially earn interest linked in part to the performance of the S&P 500® Index or The Morningstar US Dividend Growth Barclays 5% VC Index.*
• Because you're not actually participating in the market, your money is not at risk of any market downturns.
• The added value of an upfront premium bonus with flexible premiums offers the freedom to choose how to build your nest egg, all with guaranteed protection of principal from loss due to market downturn.
• Allocate funds between two fund options: Fixed Rate or Index Value.

2. Traditional Fixed Annuity

• A Traditional Fixed Annuity enables you to grow your money through a fixed interest rate—on a tax-deferred basis.
• Your principal is protected from any losses because the money in your annuity is not linked to any external market index.

3. Immediate Annuity

• An Immediate Annuity is a simple annuity that you purchase with a single lump-sum payment.
• This annuity then pays you a guaranteed income stream that can start almost immediately. 
• You have the flexibility to decide whether you want to receive guaranteed payments for life or for a specific time period.