Life Insurance Quotes

Life Annuities

Buy online

Buy immediate life annuities online or call us to shop for other types of life annuity: 1-800-823-4852.

What is a life annuity?

A life annuity is an annuity whose pension continues until the death of the annuitant (or until the death of the annuitant and his/her spouse). Life annuities are intended for retirement plans; they pay a steady stream of income for as long as you live.

Lifetime annuities are the default variety of annuity.

Alternatives to life annuities

There's a great deal of security in lifetime annuities because the income they provide will never stop so long as you need it. However, there is a degree of risk as well because if you die early, then the money you invested into your annuity will never be of benefit to you. There are alternatives to life annuities, which ensure that a certain amount of money will be paid out even if you die early.

Period certain annuities (or "term certain annuities") pay a fixed income stream for a certain number of years regardless of whether the annuitant is still alive. (If the annuitant dies, the annuity passes into his/her estate, and whoever inherits it will get the income from it.)

For a cross between life annuities and period certain annuities, you can buy a life annuity with a period certain option. A life annuity with a period certain option promises to pay an income for your whole lifetime or for a certain number of years, whichever is longer.

Alternatively, you might consider a cash refund option or an installment refund option. For details on these and other options, see Annuities with Guaranteed Duration.

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

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A few of the carriers we quote