Annuities
An annuity is an insurance contract that turns part of your savings into reliable retirement income. You can fund it with a single payment or a series of contributions. Your money grows tax deferred under the contract, and later you can receive a lump sum or scheduled payments, including options that last for life.
At Matador, we focus on fixed annuities, fixed index annuities, and multi-year guarantee annuities (MYGAs). Each protects principal from market loss and credits interest based on the contract terms. The right fit depends on your timeline, need for income, and liquidity preferences.
Our licensed advisors explain rates, caps, surrender periods, fees, and riders in plain English, then compare carriers and recommend options that match your goals.
Types Of Annuities Offered At Matador Insurance
Matador Insurance offers various kinds of annuities which fall into a few core categories. The right choice depends on your timeline, risk comfort, and income needs.
Deferred Annuities
Grow now, take income later. You fund the contract with one payment or a series of contributions, then start payouts at a future date you choose. During the deferral period, your money grows tax deferred under the contract.
Fixed Indexed Annuities
Protect principal from market loss while earning interest tied to an external index, credited by the contract’s rules such as caps or participation rates. Many FIAs offer optional income riders for lifetime payout potential at an added cost.
Multi-Year Guaranteed Annuities (MYGAs)
Lock in a guaranteed fixed rate for several years, often three to ten. MYGAs are popular for steady accumulation, laddering, or bridging to retirement while keeping principal protected.
Annuity Rollover Options
Move qualified funds from a 401(k) or IRA into an annuity through a rollover that maintains tax deferral when done correctly. This can consolidate accounts and give you control over when income begins.
Fixed Annuities
Earn a guaranteed rate for a set term with predictable growth and principal protection. At the end of the term, you can renew, take withdrawals within the contract rules, or convert to income.
Are Annuities A Good Investment?
An annuity can turn a portion of your savings into dependable retirement income that complements Social Security and any pension. You choose when income starts, how long it lasts, and the level of protection you want, so planning gets simpler.
- Lifetime income options provide payments you cannot outlive.
- Principal protection is available with fixed, MYGA, and fixed index annuities.
- Tax-deferred growth lets earnings compound until you take withdrawals.
- Predictable planning comes from guaranteed rates or contract rules for crediting interest.
- Legacy choices can include benefits for a spouse or heirs.
Annuities are not right for everyone. Contracts may include surrender periods, liquidity limits, caps or spreads, rider charges, and depend on the insurer’s claims-paying ability. A licensed Matador advisor can explain trade-offs in plain English and help you decide if an annuity fits your plan.
Get Personal Guidance On Income, Protection, & Timing
Every retiree’s situation is different. Share your goals, health considerations, and budget, and we will evaluate lifetime income features, beneficiary choices, and liquidity trade-offs.
You leave with a straightforward recommendation and a clear explanation of fees and guarantees. Take your time, review with family, and reach back when you are ready. No obligation.
Annuities Made Clear
Get plain English explanations and a plan built around your goals. We review options, fees, and next steps together.