Turn Your Savings Into Income

How Annuities Can Pay You for Life

You’ve spent a lifetime working hard and saving for retirement — but now comes the big question: How do you turn those savings into steady, reliable income?

For many retirees, the answer is simple: an annuity.

What Is an Annuity?

An annuity is a financial product offered by insurance companies that turns your savings into a guaranteed stream of income for life. You give the insurance company a lump sum of money — often from a 401(k), IRA, or savings account — and in return, they pay you regular checks, often for the rest of your life.

It’s like setting up your own pension.

And here’s the good news: Today’s annuities aren’t like your parents’ annuities. Modern annuities offer safer, more flexible options, backed by strong insurance companies with protections in place. They’re designed to fit today’s retirement needs and give you more control and confidence over your income.

Why Choose an Annuity?

Retirement is about peace of mind. An annuity gives you financial confidence, knowing that no matter what the market does — or how long you live — you’ll have money coming in. Here’s what makes them so appealing:

• Income You Can’t Outlive: Whether you live to age 75 or 105, the payments keep coming.

• Predictable, Monthly Paychecks: You’ll know exactly how much is coming in each month.

• Protection from Market Volatility: Your income doesn’t drop if the stock market takes a dive.

• No Guesswork: You don’t have to worry about making your money last — the annuity does the work for you.

What Happens If You Don’t Use It All?

Many people worry: What if I pass away before I get all the money back from my annuity?

Here’s the good news: Annuities don’t mean giving up control. You can name a beneficiary to receive any remaining funds. That way, your money doesn’t go to to the insurance company— it goes to the people you care about.

Real-Life Example

Let’s say you have $150,000 in savings. Instead of letting it sit in a bank earning a small amount of interest, you could place it into an annuity and begin receiving a steady monthly income — often $600–$900/month for life, depending on your age and plan type.

Even better, many plans offer options for joint payouts — so both you and your spouse can receive income for as long as either of you is living.

Is an Annuity Right for You?

An annuity isn’t the right fit for everyone, but it could be a great choice if:

• You’re near or at retirement age.

• You want simple, guaranteed income.

• You’re rolling over a 401(k) or IRA.

• You have savings just sitting in the bank.

• You’re nervous about market risk and want peace of mind.

We’re Here to Help

At Utah Avenue Insurance, we make it easy to understand your options. Our local agents can show you different annuity plans and help you decide if one fits your retirement goals.

You’ve worked hard for your money — now let your money work for you.

Better coverage — and a better retirement — starts here.