You choose how you’ll receive your annuity income.
Many policyholders choose periodic partial withdrawals of the account balance. Some exercise this option to receive regular checks to supplement their income.
Lump Sum Withdrawals
After the end of the surrender charge period, your annuity may permit you to withdraw your entire account balance without penalty.
Regular Annuity Payments That Can Last a Lifetime
Annuities can provide regularly scheduled payments that can last a lifetime, similar in concept to payments received from traditional pensions.