An annuity purchase program of Hueler Investment Services, Inc.

Types of Annuities

The Income Solutions® platform offers a wide range of options to enable you to customize an annuity to meet your personal financial needs.

Comparison

Review the details of the various income annuities available through Income Solutions® and determine which option may work best for you.

Immediate

Income Annuity

Deferred

Income Annuity

Deferred Income

Annuity QLAC*

Longevity

Insurance

Longevity

Insurance QLAC*
Income Start Date
  • Within 12 months
  • 13 months - 40 years
  • After age 73
  • (13 months - age 85)
  • 85th Birthday
  • 85th Birthday
Pre-Tax Retirement Assets Accepted (Qualified; e.g. 401(k), 403(b), 457, or IRA account)
  • Yes
  • Issue Ages: 35-90
  • Yes
  • Issue Ages: 35-71.5
  • Yes, Qualified Plan or IRA (excluding Roth and inherited IRA account values)
  • Issue Ages: 35-83
  • No
  • Yes, Qualified Plan or IRA (excluding Roth and inherited IRA account values)
  • Issue Ages: 45-83
After-Tax Retirement Assets Accepted (Non-Qualified; e.g. checking, or savings account)
  • Yes
  • Issue Ages: 35-90
  • Yes
  • Issue Ages: 35-83
  • No
  • Yes
  • Issue Ages: 45-83
  • No
Return of Premium Before Income Start Date
  • No
  • Yes
  • Yes
  • No
  • No
Death Benefit After Income Start Date
  • Based upon selected annuity type
  • Based upon selected annuity type
  • Based upon selected annuity type
  • No
  • No
Annuity Types Offered
  • Life Only
  • Life with Cash Refund
  • Life with Fixed Period
  • Fixed Period Only
  • Life Only
  • Life with Cash Refund
  • Life with Fixed Period
  • Fixed Period Only
  • Life Only
  • Life with Cash Refund
  • Life Only
  • Life Only

*QLAC's available through the Income Solutions® platform will be offered as an IRA, out of plan lifetime income option.

What Types of Annuities are Available?

In addition to deciding when you would like your income to begin, you can also customize your annuity by choosing from the following annuity types.

Single

  • Beginning on the income start date (the date of the first payment), you will receive monthly payments for your lifetime.
  • Upon your death, all payments stop and the contract terminates.
  • There is no death benefit if you die after payments begin.

Joint

  • Beginning on the income start date (the date of the first payment), you and your Joint Annuitant will receive monthly payments for life.
  • If you die first, your Joint Annuitant will continue to receive a specified percentage (50%, 66.67%, 75%, or 100%) of your monthly income payment for the remainder of their lifetime.
  • If your Joint Annuitant dies first, you will continue to receive your monthly income payment for the remainder of your lifetime.
  • There is no death benefit if both you and the Joint Annuitant die after payments begin.

Single

  • Beginning on the income start date (the date of the first payment), you will receive monthly payments for your lifetime.
  • If you die before your original deposit amount has been paid back to you in monthly payments, the remaining amount will be paid to your designated beneficiary in one lump sum.

Joint

  • Beginning on the income start date (the date of the first payment), you and your Joint Annuitant will receive monthly payments for life.
  • If you die first, your Joint Annuitant will continue to receive a specified percentage (50%, 66.67%, 75%, or 100%) of your monthly income payment for the remainder of their lifetime.
  • If your Joint Annuitant dies first, you will continue to receive your monthly income payment for the remainder of your lifetime.
  • If both of you die before your original deposit amount has been paid back to you in monthly payments, the remaining amount will be paid to your designated beneficiary in one lump sum.

Single

  • Beginning on the income start date (the date of the first payment), you will receive monthly payments for your lifetime.
  • If you die before the end of the fixed period selected at purchase (5, 10, 15, or 20 years), your designated beneficiary will continue to receive monthly payments until the end of the fixed period.
  • If you die after the end of the fixed period selected at purchase (5, 10, 15, or 20 years), there is no death benefit.

Joint

  • Beginning on the income start date (the date of the first payment), you and your Joint Annuitant will receive monthly payments for life.
  • If you die before the end of the fixed period selected at purchase (5, 10, 15, or 20 years), your Joint Annuitant will continue to receive full monthly payments until the end of the fixed period. At the end of the fixed period, the Joint Annuitant will continue to receive a specified percentage (50%, 66.67%, 75%, or 100%) of your monthly income payment for the remainder of their lifetime.
  • If your Joint Annuitant dies first, you will continue to receive your monthly income payment for the remainder of your lifetime.
  • If both of you die before the end of the fixed period selected at purchase (5, 10, 15, or 20 years), your designated beneficiary will receive the full monthly payments for the remainder of the fixed period.

Single

  • Beginning on the income start date (the date of the first payment), you will receive monthly payments for the fixed period selected at purchase (5, 10, 15, or 20 years).
  • If you die before the end of the fixed period, your designated beneficiary will receive the full monthly payments for the remainder of the fixed period.

Joint

A Joint option is not available with a Fixed Period Only annuity.