Annuities
Fixed, indexed, variable, and RILA annuities designed to create reliable income streams and protect your retirement savings.
Overview
One of the greatest retirement risks is outliving your savings. Annuities address this by providing guaranteed income streams — for a fixed period or for life. Ocean Financial LLC helps you evaluate whether an annuity fits your retirement plan, and if so, which type and structure best serves your needs.
Ideal For
Pre-retirees and retirees seeking guaranteed income, individuals concerned about longevity risk, and those seeking tax-deferred growth outside of qualified accounts.
Key Benefits
- ✓Guaranteed lifetime income options
- ✓Tax-deferred growth accumulation
- ✓Protection against market downturns (fixed & indexed)
- ✓Death benefit options for beneficiaries
- ✓Flexible payout and income rider options
Available Under Annuities
Fixed Annuity
Guaranteed interest rate for a set accumulation period — predictable, low-risk income foundation.
Fixed Index Annuity
Growth linked to a market index with a floor preventing losses — upside potential with downside protection.
Variable Annuity
Market-linked growth through investment sub-accounts with optional guaranteed income riders.
Registered Index-Linked Annuity (RILA)
Buffered annuity providing partial downside protection with meaningful index-based upside potential.
Frequently Asked Questions
Are annuities insured by the FDIC?
No. Annuities are insurance products and are not FDIC insured. They are backed by the claims-paying ability of the issuing insurance company.
What is a surrender period?
Most annuities have a surrender period (typically 5–10 years) during which withdrawals above a free withdrawal amount may incur surrender charges. Review the contract terms carefully with your advisor.
Can I lose money in an annuity?
Fixed annuities guarantee your principal. Fixed index annuities protect against loss but may limit upside. Variable annuities and RILAs involve market exposure and may result in loss of principal depending on the product structure.
Important: Investment products are not FDIC insured, not bank guaranteed, and may lose value. Insurance products are offered through licensed insurance agents. Past performance is not indicative of future results. Ocean Financial LLC is not a bank.