If the idea of converting a portion of your accumulated assets into a regular stream of income or a "retirement paycheck" appeals to you, a Select Immediate Annuity from Northwestern Mutual may be just right for you.
With just one premium, a Select Immediate Annuity can provide a steady, guaranteed stream of fixed income from one of the most financially sound insurance companies.*
Features and Benefits
Is a fixed immediate annuity right for you?
Securing income throughout your retirement years is of utmost importance. However, if you have other resources and priorities, you may use the level income payments you receive from your immediate annuity for other purposes, such as to:
- Provide a regular retirement "paycheck"
- Support an elderly parent or a child with special care or education needs
- Provide periodic income, rather than lump sum payments, to a minor or college student
- Fund a charitable concern
- Replace the stream of income relied upon from a now deceased spouse
- Pay a fixed period debt obligation
When you're looking to purchase an immediate annuity, here are some questions to consider:
- Is the company I'm handing my money over to financially strong?
- Will the company work with me to determine what income plan best meets my needs?
- Are the rates competitive?