Anderson & Anderson is a respected insurance agency which offers a variety of annuity products.


One of the main goals that people work towards throughout their working lives is financial stability and a comfortable retirement. Anderson & Anderson, a respected insurance agency which offers a variety of annuity products, offers many annuity products which provide financial solutions to these goals that you may not have been able to achieve simply by saving.

Why You Need An Annuity From Us

An annuity is an insurance product that provides growth with additional interest options. Annuities are not short-term investments. They are optimized for long-term growth and income, and the sooner one makes use of annuities the more earning power they have in the long run.

These products are designed for people seeking:

  • Long-term financial security
  • Retirement income
  • Financial diversification
  • Principal preservation.

There are several different types of annuities available to you. Some annuity types offered at Anderson & Anderson include:

Fixed Annuities

Fixed Annuities are a very common type of annuity that are very often used by retirees and pre-retirees. This type of annuity offers a fixed interest and is a good choice for people wanting a modest and guaranteed investment.

These annuities pay out a guaranteed rate of interest. Fixed interest annuities are offered by insurance companies and the interest rates offered are usually higher than those offered at banks. The income from the interest can either be drawn immediately or deferred.

Fixed-Indexed Annuities

Fixed-Indexed Annuities are very similar to fixed annuities. The only difference is that they offer a variable rate of interest. The variable interest rate in your contract is dependent on an underlying market index. The main benefit of these annuities is that they offer a minimum income with the chance of an increase based on a market-based index.

This type of annuity is a good option for buyers who want a guaranteed income with the chance of earning more. It gives both retirees and pre-retirees a chance to appreciate the market without having to take any real risks.

Variable Annuities

Variable annuities are slightly more complicated than fixed annuities. Buyers can choose from a variety of mutual funds. The value of annuities is based on the mutual funds chosen. There is also the option to purchase a rider which will guarantee an income for the buyer no matter what is happening in the market. It is basically a back-up if the mutual funds don’t perform well. This type of annuity allows buyers to appreciate the market while still obtaining a guaranteed income.

Immediate Annuities

Immediate Annuities are very similar to a life insurance policy, and have many of the same principles. However, instead of making monthly instalments and receiving a lump-sum, the immediate annuity buyer receives a lump-sum from the investor and then pays the amount back in regular instalments for a specified timeframe or until the time of death. Payments for this type of annuity may be higher than other others as they include interest, however this type of annuity is a good option for those with a steady income stream.

Deferred Annuities

Deferred annuities are products that delay payments. The deferred state can last quite a long time, with some deferred states being decades long. They allow buyers to grow their income in their later life. They are a very good choice for people who want to plan for their retirement or for a time in their life that they may not be working, and these annuities can work well for a variety of situations.

Lifetime Annuities

A lifetime annuity is a guaranteed income for the rest of somebody’s life. Some lifetime annuities offer this product to couples or partners, and the remaining partner will receive income until they die. The amount paid out is dependent on a variety of factors including age. This type of annuity is unrivalled and is very popular amongst those looking to retire at any stage of their life.

Speak To One Our Agents

With all of the options available, it can be confusing to make the right choice for your financial needs. Need help choosing the right annuity option for you? Speak to one of our agents at Anderson & Anderson and they can help you make an informed decision.