Bankers life logo search site BLOG FAQ ABOUT US UPDATE LOCATION Annuities Help at every step of the way. Call (888) 991-0214 Get a Quote Grow your retirement savings with Bankers Life and Casualty Company's annuities Many people worry if their savings will last the life of their retirement. A Bankers Life annuity offers you a way to protect your retirement savings while providing an additional source of retirement income. What is an annuity? An annuity is a financial vehicle designed to help you accumulate money for retirement, protect what you’ve saved, or turn your retirement savings into an income stream. You agree to fund the annuity, either with a lump sum of money or through regular payments. These contributions generally earn a tax-deferred rate of return as they accumulate. Benefits of annuities Financial security—your principal is always safe from market loss Growth potential—accumulate interest with traditional fixed and fixed indexed options Tax-deferred interest accumulation A variety of income options, including guaranteed lifetime income Death benefit paid to beneficiaries Types of Bankers Life annuities Fixed Indexed Annuities Guaranteed Lifetime Income Annuity Get the option of a guaranteed income stream for life Bankers Life Guaranteed Lifetime Income Annuity products are not available in New York. With a Guaranteed Lifetime Income Annuity, you have the option to elect a predictable, guaranteed income stream for life, while still maintaining flexibility, control and access to your funds. The longer you wait to begin receiving your income payments, the greater your income payments may be. No fee is charged to the annuity's account value for the lifetime income withdrawal benefit, meaning you will never experience a loss to your principal from either market conditions or fees. Other withdrawals during the early years of the annuity may incur withdrawal charges. Guaranteed Lifetime Income Annuity Plus with Enhanced Benefit (GLIA Plus) provides the same opportunity to receive a guaranteed income stream for life as the Guaranteed Lifetime Income Annuity. Plus, the option to receive a temporary increase to your lifetime income withdrawals if you’re certified as having a chronic illness, injury, or severe cognitive impairment. The money is there when you need it most. Premium Bonus Indexed Annuity Enjoy upside potential with principal protection against market loss Bankers Life Fixed Index annuities are not available in New York. With our Premium Bonus Indexed Annuity, you can grow your money through a fixed interest rate or potentially earn interest linked in part to the performance of the S&P 500®. Because you're not actually participating in the market, your money is not at risk of any market downturns. Receive an upfront premium bonus.* Allocate funds between two fund options: Fixed Rate or Index Value. Traditional Fixed Annuity Experience fixed interest accumulation Our Traditional Fixed Annuity enables you to grow your money through a fixed interest rate—on a tax-deferred basis. Your principal is protected from any losses because the money in your annuity is not affected by market performance. Immediate Annuity Receive predictable income right away Our Immediate Annuity is a simple annuity that you purchase with a single lump-sum payment. This annuity then pays you a guaranteed income stream that starts almost immediately. You have the flexibility to decide whether you want to receive guaranteed payments for life or for a specific time period. Wondering which annuity may be right for you? Use our quote form to talk to an agent. How do I know if I'm eligible for an annuity? Step one is scheduling an appointment with an experienced, licensed Bankers Life agent/producer to determine if the proposed annuity will satisfy your investment goals to help meet your financial needs. You'll also be required to complete a suitability review to determine if the product is suitable for you based on your financial situation and objectives. Why Bankers Life? Simplified application process Our knowledgeable insurance agents/producers sit down with you in your home to understand your preferences and goals. They'll provide you with simple, clear choices that meet your individual financial needs. Financial strength An annuity is only as good as the company that backs it. You want to know that the company issuing it will be around in the future to follow through on payments to you. Bankers Life products have served America's insurance needs since 1879, offering longevity, financial strength and stability. Bankers Life is accredited by the Better Business Bureau with an A rating as of January 2020, in addition to receiving an A- (Excellent) rating by A.M. Best Company for our financial strength. Personalized approach At Bankers Life, we take a personalized approach to helping the individuals and families we serve. As you enter and navigate retirement, we will be by your side every step of the way, helping to protect your financial security. Service you can trust Our agents/producers live in the communities they serve and travel to your home or business. Our goal is to provide excellent service to every policyholder and make your life easier when it comes to your claims. In 2019, Bankers Life paid annuity claims to over 167,000 policyholders, totaling $321 million. FAQs What are the different types of annuity products? What are the biggest advantages of an annuity? What's the difference between an annuity and a certificate of deposit? What are the tax advantages associated with an annuity? Medicare Supplement insurance Life insurance Term Life Insurance Whole Life Insurance Universal Life Insurance Juvenile Whole Life Insurance Long-term care insurance Supplemental health insurance Critical Illness Insurance Hospital Indemnity Insurance Annuities Find a branch Find the address and phone number of your local Bankers Life office for assistance. "Our agent is very knowledgeable – and I really do believe he wouldn't advise us to do something that he wouldn’t advise his own parents to do." -Rick and Jan Tshudy, Florida Bankers Life Facebook page Bankers Life YouTube page Bankers Life LinkedIn page Site Map Terms & Conditions Privacy Center CNOInc.com © Copyright 2021 Bankers Life *CT, NJ, OR have a deferred bonus and WA has a continuous deferred bonus. A.M. Best: A- (Excellent). This rating is their assessment of our relative financial strength and ability to meet contractual obligations. This rating is the fourth highest of thirteen ratings. For the latest rating, visit www.ambest.com. This is an annuity insurance solicitation. An insurance agent/producer may contact you. Annuity policies are underwritten by Bankers Life and Casualty Company (Chicago, IL) and in New York, Bankers Conseco Life Insurance Company (Jericho, NY). Policy form numbers: LA-02P(13), ICC14-LA-03D, LA-06T(13), LA-07G, LA-08N(13), LA-69A. In New York, plan BLNY-LA-06T(16). Insurers and their representatives are not permitted by law to offer tax or legal advice. The general and educational information here supports the sales, marketing or service of insurance policies. Based upon individuals' particular circumstances and objectives, they should seek specific advice from their own qualified and duly-licensed independent tax or legal advisors. These products and its features are subject to state availability and may vary by state. "Standard & Poor's®"", "S&P®"", "S&P 500®"", "Standard & Poor's 500" and "500" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Bankers Life and Casualty Company. The Guaranteed Lifetime Income Annuity is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor’s makes no representation regarding the advisability of purchasing this product. Annuities are products of the insurance industry and are not guaranteed by the FDIC or any other government agency. For information and educational purposes only. Does not constitute investment advice or a recommendation. Additional Illinois State resident information Additional New York State resident information Additional Oregon State resident information Additional New Mexico State resident information Additional California State resident information Confidential insurance communication request form Bankers Life is the marketing brand of Bankers Life and Casualty Company, Medicare Supplement insurance policies sold by Colonial Penn Life Insurance Company and select policies sold in New York by Bankers Conseco Life Insurance Company (BCLIC). BCLIC is authorized to sell insurance in New York. Administrative office: Chicago, Illinois. 155974-0621 (06/21)