Retirement Income Planning
Fixed and fixed indexed annuities offer tax-deferred growth, principal protection, and guaranteed lifetime income — without market risk. We help you find the right structure for your retirement goals.
Note: Hutchison Insurance Group offers fixed and fixed indexed annuities only. We do not sell variable annuities, which are securities products requiring a separate license and carry direct market risk.
The Case for Annuities
Social Security provides a foundation, but for most retirees it is not enough to cover all essential expenses. A pension from an employer is increasingly rare. Annuities fill that gap — they are the only financial product that can contractually guarantee income payments for as long as you live, no matter how long that is.
Fixed and fixed indexed annuities also offer tax-deferred growth during the accumulation phase, meaning your money compounds without being reduced by annual income taxes. This makes them an efficient vehicle for retirement savings, particularly for funds that won't be needed for several years.
Principal Protected
Your premium cannot be lost due to market downturns
Tax-Deferred Growth
No annual taxes on credited interest during accumulation
Guaranteed Income
Lifetime income options that cannot be outlived
Flexible Funding
Qualified (IRA) or non-qualified (after-tax) money
All four types we offer — no variable annuities
| Type | Market Risk | Growth Potential | Income | Best For |
|---|---|---|---|---|
| Fixed Annuity | None | Guaranteed rate | Optional | Safety & predictable growth |
| Fixed Indexed (FIA) | None (0% floor) | Index-linked, capped | Optional + rider | Growth potential + protection |
| SPIA | None | N/A (immediate payout) | Immediate & guaranteed | Converting savings to income now |
| DIA / QLAC | None | N/A (future payout) | Future guaranteed income | Longevity protection & RMD planning |
Variable annuities are securities products that carry direct market risk and require a separate securities license. We do not offer variable annuities.
Products We Offer
Click "Broker's Notes" on each card for practical tips and things to watch out for.
A fixed annuity is a contract with an insurance company that guarantees a specific interest rate on your premium for a defined period — typically 2 to 10 years. Similar to a bank CD but with tax-deferred growth and generally higher rates. At the end of the guarantee period, you can renew, roll to a new annuity, annuitize for income, or take a lump sum.
Key Features
Best For
Conservative savers who want guaranteed growth with no market exposure — ideal as an alternative to CDs or money market accounts for funds not needed immediately.
A Fixed Indexed Annuity credits interest based on the performance of a market index — such as the S&P 500, Nasdaq 100, or a multi-asset index — subject to a cap, participation rate, or spread. Your principal is protected from market losses: in a down year, you earn 0% (not negative). In an up year, you earn a portion of the index gain. FIAs are insurance products — not investments — and do not directly participate in the market.
Key Features
Best For
Savers who want the potential to earn more than a fixed annuity while maintaining full principal protection — a middle ground between the safety of fixed annuities and the growth potential of market investments.
A SPIA converts a lump sum into a guaranteed stream of income payments that begin within 30 days to 12 months of purchase. You deposit a single premium and immediately begin receiving regular payments — monthly, quarterly, semi-annually, or annually — for the period you choose. SPIAs are the simplest and most straightforward way to create a personal pension from existing savings.
Key Features
Best For
Retirees who want to convert a portion of savings into a predictable, guaranteed monthly income — similar to a pension. Particularly valuable for covering essential expenses that Social Security doesn't fully cover.
A Deferred Income Annuity (DIA) — also called a longevity annuity — is purchased today with a lump sum premium, but income payments begin at a future date you choose, typically 2 to 30 years from now. The longer the deferral, the higher the future income payment. DIAs are specifically designed to address longevity risk — the risk of outliving your money in your 80s and 90s. A Qualified Longevity Annuity Contract (QLAC) is a DIA funded with IRA money under special IRS rules.
Key Features
Best For
Pre-retirees who want to lock in future guaranteed income at today's rates — particularly those concerned about outliving their savings in their 80s and 90s. QLACs are especially useful for IRA holders who want to reduce RMDs.
Retirement Income Strategy
Pre-Retirement (Accumulation)
Tax-deferred accumulation with principal protection. Ideal for funds you won't need for 5+ years.
At Retirement (Income Transition)
Convert accumulated savings into a reliable income stream to cover essential expenses.
Late Retirement (Longevity Protection)
Protect against outliving savings in your 80s and 90s — the highest-cost years of retirement.
Tax Considerations
Qualified Annuity (IRA / 401k Rollover)
Non-Qualified Annuity (After-Tax Money)
Tax treatment of annuities is complex and depends on your individual situation. The information above is general in nature. Consult a qualified tax professional before making annuity decisions based on tax considerations.
Key Terms
Click any term to expand the definition.