Guaranteed Retirement Income That Lasts as Long as You Do

Turn your savings into a steady, predictable income stream — without worrying about market swings or outliving your money.

Talk to Us About Annuities

The Types of Annuities We Help Michigan Residents Compare

An annuity is a contract between you and an insurance company. You contribute a lump sum or a series of payments, and in return, the insurer provides income — either immediately or at a future date you choose. For retirees who want a reliable paycheck they can count on every month, an annuity can fill the gap that Social Security and a pension may leave behind.


Not every annuity works the same way. The right structure depends on when you need income, how much flexibility you want, and how you feel about market exposure. Here's how the main types differ.

01

Fixed Annuities

A fixed annuity pays a guaranteed interest rate for a set period. Your principal is protected, your growth is predictable, and you know exactly what you'll earn. For retirees who want stability above all else, a fixed annuity is often the clearest path to peace of mind.

02

Immediate Annuities

With an immediate annuity, you make a single lump-sum payment and income begins — typically within 30 days. This option is well-suited for retirees who are ready to convert savings into a monthly income stream right now, rather than at some point in the future.

03

Deferred Annuities

A deferred annuity lets your money grow on a tax-deferred basis until you're ready to begin taking income. You're not taxed on the earnings until you withdraw them, which can make a meaningful difference over a multi-year accumulation period. Deferred annuities come in fixed and indexed varieties, and we'll walk you through the differences in plain terms.New Paragraph

Why Tax-Deferred Growth Matters in Retirement Planning

When your money grows inside an annuity, you don't pay taxes on the gains each year — you pay only when you take distributions. That means more of your money stays invested and compounding over time. For retirees in a lower tax bracket after they stop working, this can result in paying less tax overall than they would have in their working years.


This is one of the features that makes annuities a useful complement to Social Security, Medicare coverage, and other retirement income sources. They don't replace everything — but for the right person, they close a real gap.

How we help:

What to Expect When You Work With Us

1.

A Conversation About Your Situation

We start by understanding where you are — your retirement timeline, your current income sources, and what you're hoping an annuity will accomplish. There's no paperwork at this stage. Just a straightforward conversation.

2.

Comparing Carriers and Products

Because we're an independent brokerage, we shop across multiple insurance companies to find the annuity rates and terms that match your goals. We explain the tradeoffs in plain language so you can make a confident decision.

3.

Application and Ongoing Support

Once you've chosen a product, we handle the application process and stay available as your point of contact. If your needs change — or if questions come up later — Richard and our team are a phone call away.

Who Typically Benefits Most from an Annuity

Annuities aren't the right fit for every retiree, but they're worth a close look if any of these apply to you:


  • You're concerned about outliving your savings and want guaranteed retirement income you can't outlive.


  • You've maxed out contributions to your IRA or 401(k) and are looking for additional tax-deferred growth.


  • You're retiring without a pension and want to create a predictable monthly income stream.


  • You have a lump sum — from a retirement account, an inheritance, or a home sale — that you want to put to work safely.



  • You're a Michigan snowbird or retiree who wants financial stability regardless of what the market does.

Common Questions About Annuities in Michigan

  • What is the difference between a fixed annuity and an indexed annuity?

    A fixed annuity pays a set interest rate regardless of market performance. An indexed annuity ties your growth potential to a market index — like the S&P 500 — but typically includes a floor that limits your downside. Fixed annuities offer more predictability; indexed annuities offer more growth potential with some protection built in. We'll help you compare both based on your risk tolerance and income goals.

  • Can I use an annuity alongside my Medicare coverage?

    Yes. An annuity is a financial product, not a health insurance product, so it works independently of your Medicare Advantage, Medicare Supplement (Medigap), or Part D plan. Many retirees use annuities to cover predictable monthly expenses — including healthcare costs — that their fixed income doesn't fully address.

  • How soon can I start receiving income from an annuity?

    With an immediate annuity, income can begin within 30 days of your initial payment. With a deferred annuity, you choose a future start date — which could be a few years away or further out, depending on your plan. We'll help you match the timeline to your actual retirement income needs.


  • Are annuities safe if an insurance company runs into financial trouble?

    Michigan is a member of the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA), which means annuity holders have a layer of protection if a carrier becomes insolvent. Coverage limits apply, and we're happy to walk through what that means for any product you're considering.

  • Do I have to be retired to purchase an annuity?

    No. Many people purchase deferred annuities in their late 50s or early 60s while they're still working, then begin drawing income at retirement. The tax-deferred growth period can be a meaningful advantage if you have several years before you plan to stop working.


Ready to See If an Annuity Fits Your Retirement Plan?

We serve retirees across Michigan — from the Detroit metro to Grand Rapids, Lansing, and beyond. Whether you're a few years from retirement or already there, we'll help you understand your options clearly and find a product that fits your situation.


Call us at (833) 647-5267 or book a time to talk — no pressure, no obligation.

Book a Free Consultation