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Adding diversity to your retirement plan is easy.

Exploring a traditional old town in Majorca Spain.


In simplest terms, an annuity is an agreement (aka contract) between you and an insurance company. The agreement can be arranged in several ways. But in every case, it involves a scenario in which you “pay in” and, down the road, the insurance company “pays out".


What is an annuity?

An annuity is a long-term, tax-deferred investment designed for retirement that will fluctuate in value. It allows you to create a fixed or variable stream of income through a process called annuitization. If you decide to take your money out early, you may face fees called surrender charges. Plus, if you're not yet 59½, you may also have to pay an additional 10% tax penalty on top of ordinary income taxes. You should also know that an annuity contains guarantees and protections that are subject to the issuing insurance company’s ability to pay for them. An annuity is a contract between you and an insurance company.

  • Fixed and fixed indexed annuities

    Fixed annuities offer account value growth in the form of a guaranteed interest rate (fixed annuities) or performance tied to a market index (fixed indexed annuities). These annuities provide moderate growth potential and have less risk because your premium is protected from any potential loss, backed by the financial strength of the issuing company.

  • Immediate annuities

    Immediate annuities are designed to convert a portion of your retirement savings into a guaranteed income stream – either for a specified number of years, or for the rest of your life. Annuities can also provide guaranteed income for you and a partner or spouse.

Is an annuity right for you?

Annuities are designed to give you a steady, reliable source of income during your retirement.

The best way to find out if an annuity is right for you is to speak with a financial professional.

OneAmerica Financial is the marketing name for the companies of OneAmerica Financial.


Products issued and underwritten by American United Life Insurance Company® (AUL), Indianapolis, IN, a OneAmerica Financial company. Form numbers: LA-33, LA-32, LA-21, LA-22 and LA-23. Not available in all states or may vary by state. Guarantees are subject to the claims paying ability of AUL.