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Home > Annuities > Traditional Fixed Annuities
Traditional Fixed Annuities

A traditional fixed-annuity contract states you'll receive a guaranteed interest rate for a specified period of time with the ability to have a steady income stream for life. 1

If you're worried about your retirement savings being tied up in the volatile stock market, a traditional fixed annuity is an excellent choice. Not to mention it's a great alternative to fixed- rate investments, like CDs.


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The power of tax deferral

Due to the power of tax-deferred growth, your money has the potential to grow faster than it would in a taxable alternative. If you began with a lump sum of $10,000 at the age of 30, your value in a taxable plan would equal $93,942 (assuming an 8% return) by age 70. That same plan tax-deferred would grow to $217,245.

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    This graph is hypothetical and does not represent an issued contract The example assumes a $10,000 single investment, a real rate of return of 8% and a 28% tax rate. Returns may be reduced by applicable insurance charges (including management and administrative fees, mortality and expense charges, and withdrawal charges.) Withdrawals of tax-deferred accumulations may be subject to deferred sales charges and are subject to ordinary income tax. If withdrawals are made by the owner who is less than 59 1/2 years old, the accumulations withdrawn may incur a 10% IRS penalty.
 
  1 Based on the claims-paying ability of the underwriting insurance company.


 
     
    Conseco Insurance Company (administrative office, Carmel, IN) is licensed in all states, except NY.

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