Annuities for retirement income

You might already have a 401k, pension or IRA, but an annuity adds an extra source of guaranteed income, so you can worry less about running out of money. We offer a variety of annuity options.

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  • Immediate annuities
    If you’re nearing or in retirement, an immediate annuity provides an income stream. Depending on your needs, it may be good for filling a gap during a certain period of time or adding to your lifetime income.
     
  • Fixed annuities
    If reliability is important to you, then enhancing your retirement savings with a guaranteed, stream of lifetime income from a fixed annuity may be a good choice for those thinking ahead.
     
  • Variable annuities
    Another option may be to invest for tax deferred growth potential with a variable annuity. This can be a good option when starting your retirement planning early.

Individual coverage in retirement

In retirement you might need to find new insurance options to replace the work benefits you lose. Luckily, we sell options you can buy directly online.

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  • Dental insurance - Individual dental coverage protects you and your teeth in retirement. We offer a variety of plans to smile about.
  • Accident insurance - Accident protection helps you cover injury-related out-of-pocket costs your primary retirement health insurance won’t cover.
  • Critical illness insurance - If you’re diagnosed with a serious illness in retirement, critical illness insurance provides money to help supplement your medical costs.

Want to talk about your options?

Speak with a financial representative

If you’re ready to invest for your retirement, we’re ready to connect you with a financial representative that can help.

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Buy insurance for yourself during retirement today

We offer dental, accident, critical illness and pet insurance that you can buy online. See our plans and how much they’ll cost.

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Disclaimer

The information provided herein is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any federal tax penalties. This information supports the promotion and marketing of this annuity. 

Current tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the particular set of facts and circumstances. Entities or persons distributing this information are not authorized to give tax or legal advice. Individuals are encouraged to seek specific advice from their personal tax or legal counsel. 

Insurance products are offered through a licensed/registered bank or broker/dealer (financial institution), but underwritten by insurance companies. All guarantees mentioned on this site are guarantees of the insurance company and not guarantees of the financial institution. 

Annuity guarantees are backed exclusively by the strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc. (GIAC).

Contract provisions and investment options vary by state.

Annuities are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation. Individual variable annuities are distributed by Park Avenue Securities LLC (PAS). GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian). PAS is a wholly owned subsidiary of Guardian. Guardian, GIAC, and PAS are located at 10 Hudson Yards, New York, NY 10001.

There is no additional tax deferral benefit for annuity contracts purchased in an IRA or other tax-qualified plan, since these are already afforded tax-deferred status. Thus, an annuity should only be purchased in an IRA or qualified plan if you value some of the other features of the annuity and are willing to incur any additional costs associated with the annuity to receive such benefits.

Variable annuities are long-term investment vehicles that involve certain risks, including possible loss of the principal amount invested. The investment return and principal value may fluctuate so that the investment, when redeemed, may be worth more or less than the original cost. Withdrawals of taxable amounts will be subject to ordinary income tax and possible mandatory federal income tax withholding. If taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals affect the variable annuity’s death benefit, cash surrender value and any living benefit and may also be subject to a contingent deferred sales charge.

PAS: member FINRA, SIPC

Not a Deposit | Not FDIC or NCUA Insured | May Lose Value | No Bank or Credit Union Guarantee

Annuities Disclosure for Park Avenue Securities

This material is intended for general public use. By providing this material, Guardian is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact a financial professional for guidance and information specific to your individual situation. 

2020-110700 20221130