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What is an annuity?

An annuity is a contract issued by an insurance company that can guarantee1 a steady stream of future income in exchange for a single premium payment or a series of premium payments. As long-term financial vehicles that grow tax-deferred during the accumulation phase, annuities can help safeguard against the risk of an individual outliving his or her assets by providing periodic income payments that can be guaranteed¹ for life.

man woman and children in the sun

Why consider an annuity?

Annuities can help you generate retirement income. That’s important because planning for retirement invariably comes down to one simple question: Will you have enough money to last the rest of your life?  

If you are like many individuals facing retirement, the question can be a real cause for concern, but you are not alone. It is a predicament presently confronting more than 76 million Baby Boomers*, each with their own vision of what a successful retirement might be.

With company pensions increasingly a thing of the past**, you must depend on your retirement savings to supplement your Social Security income, but will your nest egg last as long as you do? Annuities can help generate income, which is why many people are including them in their retirement strategy.

*U.S. Census Bureau, April 2014.
**Employee Benefit Research Institute, 2013.

Foresters Life Insurance and Annuity Company offers several types of annuity products that may fit your specific needs and financial goals:

Compare annuity types

Deferred Fixed Deferred Variable Immediate Fixed Longevity Fixed

Key features 

Offers a guaranteed¹ rate of return for the life of the contract.

Key features 

Enables you to invest in a selection of portfolios that can accumulate cash value. 

Key features 

A guaranteed¹ income stream for a period of time selected by the policy owner (generally for life).

Key features 

Pays supplemental guaranteed¹ income for life.

Our annuities

First Advantage Fixed Deferred Annuity

Our annuities

First Choice Variable Deferred Annuity

First Choice Variable Deferred Bonus Annuity

Our annuities

First Advantage for Income Fixed Immediate Annuity

Our annuities

Flexible Pay Longevity Annuity

Single Pay Longevity Annuity

1 All guarantees are subject to the financial strength and claims-paying ability of Foresters Life Insurance and Annuity Company.  

The chart above describes some of the general features of these products. For more detailed information about product features, benefits, fees, charges, and other important information you should consider, please review the annuity contract and, for variable products, please review the contract and the prospectus. 

For more information about any variable annuity products from Foresters Life Insurance and Annuity Company, you may obtain a free prospectus by viewing or downloading it here, contacting your Representative, or calling 800 832 7783. You should consider the investment objectives, risks, fees or charges, and expenses carefully before you purchase a policy. The prospectus contains this and other information, and all applicable prospectuses should be read carefully before you invest or send money. These products are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

Annuities are issued by Foresters Life Insurance and Annuity Company, 40 Wall Street, New York, NY 10005, 800 832 7783 and distributed by Foresters Financial Services, Inc., 40 Wall Street, New York, NY, 10005,  800 423 4026

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