Annuities

Financial Annuities for Retirement.

Consider an annuity1 for steady income payments for life.

Before you retire, you count on a steady paycheck to pay the rent or mortgage and to take care of your needs, big and small. Wouldn't it be nice to keep a monthly payment during retirement for as long as you live? You may need the security of regular income during your retirement, which could last as long as 20 or 30 years. Purchasing an annuity might be the right answer for you because it can give you the control over how long the annuity is invested, when you receive your benefits and how often you are paid. Talk to an Allstate Personal Financial Representative to learn more about annuity options or get a simple explanation below to help you decide which type of annuity might be right for you.

Annuities At A Glance

  • Annuities can provide regular retirement income that will last.
  • You choose to receive annuity payments for a set time or for life.
  • You don't pay taxes until you receive annuity payments.

Get to know how an annuity works.

  • How It Works: An annuity is a contract between you and an insurance company. The insurance company invests your money for you, and depending on your contract and the selections that you make, an annuity may be able to provide a regular source of income that you do not outlive.
  • Tax Advantages: Earnings on annuities are not taxed until withdrawn from the contract, making annuities an attractive savings option for retirement.2
  • Income Payments: Annuities are a great way to help supplement what you currently have coming to you-through pensions, Social Security, savings-and what you'll actually need to live.
  • Payment Period: Depending on the type of annuity you choose, your payments can last for a set period of time or for the rest of your life. With some annuities, the income can be extended to your spouse after you die.
Allstate Life Insurance Strategies

Allstate offers four types of annuities that can help your retirement savings grow:

  • Immediate Annuity. An investment choice that can offer you income options right away.
  • Fixed Annuity. A choice with less risk that guarantees a fixed interest rate over a specific time period.
  • Index and equity linked Annuity. A moderate to higher risk choice that offeres the potential to accumulate income. Interest is linked to a market index (such as S&P 500®).3
  • Variable Annuity. A higher risk option with greater growth potential that provides the opportunity for your money to earn a variable rate of return based on market performance.4

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1 Any annuity payment is dependent on the ability of the issuer to pay its claims. An annuity may impose charges (including but not limited to surrender charges, mortality and expense risk charges, administrative fees, underlying fund expenses and feature charges) that can reduce the value of your account and the return on your investment.

2 Please note that Allstate Life Insurance Company or its agents and representatives cannot give legal or tax advice. The brief discussion of taxes on this page may not be complete or current. The laws and regulations are complex and subject to change. For complete details consult your attorney or tax advisor.

3 "Standard & Poor's,®" "S&P,® " "S&P 500,® " "Standard & Poor's 500" are trademarks of Standard & Poor's and have been licensed for use by Allstate Life Insurance Company. The product is not sponsored, endorsed, sold, or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the product.

4 Variable annuities are long-term investments designed for retirement purposes. You should carefully consider the investment objectives, risks, charges and expenses of the investment options before purchasing a contract or investing money. These contracts have limitations and are sold by prospectus only. The prospectus contains important information about the annuity contract, including fees and charges, investment options, death benefits, and annuity payout options. Optional income riders carry additional costs and may have limitations or restrictions. To obtain a prospectus or the underlying portfolio prospectuses, please contact your Allstate Personal Financial Representative. Please read the product prospectuses carefully before purchasing a contract or sending money.
Guarantees offered are subject to the claims-paying ability of the issuing company.
Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA and SIPC, Main Office: 2920 South 84th Street, Lincoln, NE 68506, 877-525-5727. Life insurance issued by Allstate Life Insurance Company, Home Office, Northbrook, IL. In New York, Allstate Life Insurance Company of New York, Hauppauge, NY.

Distributions taken prior to annuitization are generally considered to come from the gain in the contact first. If the contract is tax-qualified, generally withdrawals are treated as distributions of gain. Withdrawals of gain are taxed as ordinary income and, if taken prior to age 59 1/2, may be subject to an additional 10% federal tax penalty.

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