Help Secure Your Financial Independence in Retirement
Whether you’re thinking about it or you’re already there, annuities are a smart, safe way to help maintain your financial peace of mind throughout retirement.
Which annuity is right for me?
One way to choose is to consider how much you have to invest, how long you have until retirement and when you’d like to start receiving payments.
Amica Life offers a range of products that can be used to help complete your retirement plan; these annuity products are also available as an IRA or Roth IRA.
A Flexible Premium Deferred Annuity1 (FPDA) may be an option if retirement is still some years away. An FPDA is a way to save money over time by investing some now, as little as $50, and then making contributions on your own schedule, until you retire.
A Single Premium Deferred Annuity1 (SPDA) may be an alternative to current investments, such as CDs or bank accounts. With an SPDA, you can make a lump-sum contribution that grows tax-deferred until you’re ready to start receiving guaranteed income.
A Single Premium Immediate Annuity2 (SPIA) may be an option if you’re retired or close to it. With an SPIA, you can convert a lump sum of money into a guaranteed stream of payments immediately.
Whether you contribute over time or in a lump sum, you can convert your savings into a guaranteed income stream for a specific period of time or for the rest of your life.