Annuity Payments
An annuity is a contract purchased with an insurance company that guarantees a reliable income for retirees.
There are three types of annuities offered by USAA:
- Deferred Annuity – Offers guaranteed investment growth and income with a term of 3, 5, or 10 years.
- Fixed Indexed Annuity – A deferred annuity that offers more growth and is fixed at a seven-year term.
- Immediate Annuity – Guarantees income for the client’s lifetime, fixed period, or both.