Retirement Income Annuities in Connecticut

An annuity converts a lump sum into guaranteed monthly income — for life or a set period. For Connecticut retirees who want predictable cash flow alongside Social Security and pension income, the right annuity can eliminate the fear of outliving your savings.

Types of Retirement Income Annuities

• Single Premium Immediate Annuity (SPIA): Starts income within 30 days. Best for retirees who need income now.
• Deferred Income Annuity (DIA): Lock in today’s rates for income starting at a future date (e.g., age 75).
• Fixed Indexed Annuity with Income Rider: Accumulation phase + guaranteed income turn-on at retirement.