Guaranteed level of income you cannot outlive if you choose a life annuity (This contract does not have a cash or loan value)
The security of guaranteed fixed payments and the simplicity of a premium you pay just once
The choice to receive your first income payment almost immediately after you purchase the contract, or you can defer it up to 20 years beyond the purchase date (in most states)
Flexibility to tailor your annuity to fit your needs
When you begin receiving annuity payments, they will be treated as part taxable income and part of your return investment.