Annuities in Dayton, OH

Planning for a secure and comfortable financial future is a priority for many individuals and families. At Universal Insurance Agency, we understand the importance of reliable income streams, such as to subsidize savings and pensions during retirement. Annuities can play a key role in this mission, potentially offering predictability, stability and financial security as you look toward the future.

What Are Annuities?

Annuities are financial products often sold by insurance companies. They act as investments and can be designed to provide a steady stream of income, typically during retirement. When you purchase an annuity, you make either a lump-sum payment or a series of payments. In return, your investment can grow over time before eventual annuitization, through which you can start to receive regular disbursements for a set period of time or even the remainder of your life.

Types of Annuities Available

There are many types of annuities available. Understanding your options can help you select products according to your financial situation and goals. Many investors select the following:

Fixed annuities—These can provide investment growth at a set interest rate, offering predictability and security.
Variable annuities—This type may allow you to invest in a selection of funds, with payments that fluctuate based on investment performance.
Indexed annuities—These annuities link returns to a market index, offering growth potential with some protection against market downturns.

Benefits of Annuities for Retirement Planning

Annuities can be a valuable addition to your financial planning and retirement strategy, especially for those seeking:

Reliable income for life or a set period
Tax-deferred growth on earnings
Protection against outliving your savings
Flexible payout options to match your retirement lifestyle

How We Can Help

Our experienced team guides you through the available annuity options, helping you compare features, benefits and potential risks. We’re committed to providing clear information so you can make confident decisions with your money.