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All annuities must be purchased from a licensed agent or agency, like ours. We make it easy to search and find the right annuity. Start by typing in your zip code above.

Pros:

• Guaranteed Return: You know upfront the fixed interest rate your money will earn, providing a reliable accumulation of savings over time.
• Tax-Deferred Growth: Your investment grows without immediate tax implications, as you only pay taxes upon withdrawal, allowing for compound growth.
• Principal Protection: Your initial investment is shielded from market risks, ensuring your principal remains intact and grows at the guaranteed rate.
• Some Liquidity: Typically, you can access interest earned or a portion (usually 10-15%) of your contract's cash value annually without penalties if you’re over 59½. The rest may incur surrender charges.
• Simplicity: Fixed annuities are straightforward with no hidden fees or complex terms. You know how long your investment is locked in and your expected returns.

Cons:

• Early Withdrawal Penalties: If you withdraw gains before age 59½, the IRS imposes a 10% penalty, making it less flexible for those needing early access.
• Limited Liquidity: While some funds are available penalty-free, accessing more can incur surrender charges, especially in the early years of the contract.
• Inflation Risk: The fixed rate may not keep pace with inflation, potentially reducing purchasing power over time if rates do not adjust accordingly.
• Dependency on Insurer's Financial Health: The guarantee of your returns is as strong as the issuing insurance company's financial stability, which should be carefully reviewed.

Understanding these benefits and drawbacks can help determine if a fixed annuity is aligned with your retirement planning needs.

When choosing a fixed annuity or multi-year guaranteed annuity (MYGA), consider the following key factors when you search through our marketplace:

• Guaranteed Rate: This is the annual interest rate at which your investment will grow. It's locked in for the duration of the term, provided you hold the annuity until maturity. Ensure you compare rates to maximize your potential earnings.
• Insurer Rating: The financial health of the insurance company backing the annuity is crucial because it reflects their ability to honor the contract. Ratings from agencies like A.M. Best provide insight into the insurer's financial strength. Opt for insurers with ratings of B or higher for more reliability.
• Investment Term: Terms can vary from 1 to 10 years, during which your money is earning the guaranteed rate but may have limited liquidity. Longer terms generally offer higher rates, but exceptions might exist, especially with mid-length contracts around 6 to 9 years. Assess how the term fits into your financial goals and liquidity needs.

By focusing on these factors, you can select an annuity that aligns with both your financial objectives and risk tolerance.

While fixed annuities (or multi-year guaranteed annuities, MYGAs) and Certificates of Deposit (CDs) share similarities, such as offering stable interest rates in exchange for locking away funds for a set period, they differ in several key aspects:

• Interest and Terms: Fixed annuities typically have longer terms, often ranging from 2 to 10 years, and may offer higher interest rates compared to CDs. Rates are guaranteed for the contract's duration.
• Tax Treatment: Fixed annuities grow tax-deferred, meaning you don't pay taxes on interest until you withdraw funds, usually during retirement. CDs, on the other hand, are taxed annually as interest accrues.
• Provider: Fixed annuities are issued by insurance companies and backed by the insurer's financial strength, while CDs are offered by banks and credit unions and are FDIC-insured up to $250,000 per account.
• Withdrawal Penalties and Age Considerations: Fixed annuities may incur a 10% IRS penalty on early withdrawals if you're under 59½, while CDs typically charge a few months of interest as a penalty for early withdrawals.
• Purpose: Fixed annuities are designed as long-term retirement products, while CDs are generally more suitable for short- to medium-term savings goals.

These distinctions can help you decide which financial product better suits your financial needs and goals.

The guaranteed rate of a fixed annuity is underpinned by the financial strength and claims-paying ability of the issuing insurance company.

Here’s how it works:

• Insurance Company's Promise: The insurance company promises to pay a specific interest rate over a certain term, and this promise is backed by the company's financial resources and stability.
• Financial Ratings: Insurance companies are rated by independent agencies like A.M. Best, which assess their ability to meet financial obligations. A higher rating generally means a stronger ability to guarantee annuity payouts.
• State Guaranty Funds: Each U.S. state has a guaranty fund designed to protect policyholders if an insurance company defaults. However, this protection varies by state and should not be seen as equivalent to FDIC insurance, which applies to bank products like CDs.

These factors ensure the reliability of the guaranteed rate, but they also highlight the importance of choosing a reputable insurer with strong ratings.

Here's an overview of the tax implications for fixed annuities, depending on whether they're purchased with qualified or non-qualified funds:

Qualified Funds (Pre-Tax):

• Tax Benefits: A fixed annuity purchased with qualified funds (like a 401(k) or traditional IRA) offers no additional tax benefits because these funds already grow tax-deferred.
• Withdrawals: All withdrawals are taxed as ordinary income.
• Required Minimum Distributions (RMDs): Starting at age 73, you'll need to take RMDs from qualified annuities, as required by law.

Non-Qualified Funds (Post-Tax):

• Growth: The investment grows tax-deferred during the contract term; you do not pay taxes while the funds remain in the annuity.
• Withdrawals: Taxes are due on the interest gained upon withdrawal, taxed at ordinary income rates. The principal amount (initial investment) is not taxed again.
• Timing: Withdrawing in retirement, or when in a lower tax bracket, might reduce tax liability. Additionally, early withdrawals before age 59½ can incur a 10% IRS penalty.

It's important to consider these tax implications when deciding how and when to withdraw funds from a fixed annuity. Working with a tax professional can help you optimize your tax strategy related to annuity investments.

When considering whether to withdraw from your fixed annuity, keep the following points in mind:

• Surrender Charges: High rate annuities may prohibit withdrawals during the guaranteed term or impose surrender charges, which can be up to 9% in the first year and gradually decrease to zero by the end of the term.
• Market-Value Adjustment (MVA): An MVA can adjust your withdrawal charge based on changes in interest rates since you purchased the annuity, potentially reducing or increasing the penalty.
• Withdrawal Allowances: Some annuities allow penalty-free withdrawals of interest earned, though this may not be available in the first year. Others permit withdrawals of up to 10% of the contract's starting balance annually.
• Tax Implications: Withdrawals are treated as interest-first, meaning taxes are due on the interest portion at ordinary income rates. Withdrawals made before age 59½ incur a 10% IRS penalty on the interest portion.
• Future Planning: Consider your current financial needs, tax situation, and how withdrawals align with your overall retirement strategy. Evaluate whether to wait until after the guaranteed rate period to avoid surrender charges and IRS penalties.

It's important to understand the terms and potential financial impacts of withdrawing from your fixed annuity.

The participation rate in a fixed indexed annuity determines how much of the gain in the chosen index will be credited to your annuity. It is expressed as a percentage.

For example, if your annuity has a 70% participation rate and the index gains 10%, your annuity would be credited with 7% interest (70% of 10%). This rate allows you to benefit from positive index movements, but you might not receive the full gain as the participation rate limits the share of the index increase that you earn. This covers the insurer's costs to provide you with valuable capital protection.

The participation rate can vary depending on the annuity contract and the specific terms set by the annuity provider. We list all participation rates transparently within our marketplace.

The application typically takes 15-30 minutes to complete. You can navigate between sections and your progress will be saved automatically, allowing you to exit and return later if needed.

• Personal Information: Provide details such as your address, phone number, Social Security Number (SSN), and place of birth.
• Driver's License: Upload a picture of the front of your driver’s license for identity verification.
• Beneficiaries: List the individuals who will inherit the annuity's value should you pass away.
• Financial Overview: Prepare to provide estimates of your income, expenses, assets, and debt, and answer suitability questions to ensure the annuity fits your financial situation.
• Funding Source: Indicate the source of funding, such as a check, wire transfer, ACH deposit, IRA, or annuity exchange. Note that some methods may affect processing times.

Within 1-2 business days, the team will review your application and reach out for any necessary clarifications. You will receive the final insurer application for review and signature before submission.

Processing usually takes a few weeks for the insurer to accept the application, process the funding, and issue the policy. Transfers, like a 1035 exchange, might extend this timeframe.

Once processed, you'll receive formal policy documentation. There's a "Free Look Provision" period (typically 10-30 days) where you can cancel the policy without penalties.

We’ll provide access to an online portal to keep track of your annuity, with assistance available for key milestones, such as when the rate guarantee ends.

This process ensures you have a thorough understanding and control over your annuity application and management.

Annuities are designed to provide financial security and predictable returns, but the potential for losing money depends on the type of annuity and its specific features.

Note: At Revise, we only offer market-loss-protected annuities.

Here's a breakdown of the three main types of growth annuities:

Fixed Annuities (offered by Revise):

• Returns: Fixed annuities offer a guaranteed rate of return, meaning your principal and interest are secure. You won’t lose value due to market fluctuations as the insurance company promises a specific interest rate over the term of the annuity.
• Risk: The main risk is not directly losing your principal, but rather the potential erosion of purchasing power due to inflation if the guaranteed rate does not keep pace with inflation over time.

Fixed Indexed Annuities (offered by Revise):

• Market Gains Without Losses: While you can benefit from index-linked gains, you are protected against losses due to market downturns because your principal is not directly invested in the index.
• 0% Floor: Fixed indexed annuities are linked to a stock market index, such as the S&P 500. They have a 0% floor, which means your principal won’t decrease due to negative market returns. If the market returns negative during your credited period, you simply receive a 0%, or no return for that period.
• Risk: While market downturns don't impact your principal, any fees associated with the annuity, such as strategy or rider fees, can decrease your account's accumulation value over time

Variable Annuities (not offered by Revise):

• Market-Dependent Returns: Variable annuities allow you to invest in sub-accounts, which are similar to mutual funds. Your returns are directly linked to the performance of these investments, meaning they can fluctuate with market changes.
• Potential for Gains and Losses: Because returns depend on market performance, variable annuities offer the potential for higher gains compared to fixed annuities. However, they also carry the risk of losing value if the market performs poorly.
• Fees and Charges: Variable annuities tend to have higher fees compared to fixed annuities. These may include management fees, mortality and expense risk charges, and fees for additional features like income or death benefit riders.
• Investment Risk: Unlike fixed or fixed indexed annuities, variable annuities do not provide a guaranteed rate of return or a 0% floor. Your principal is at risk, and you could potentially lose money if the sub-accounts perform poorly after accounting for fees.