Skip to main content


Thinking about retirement can be overwhelming, but ensuring a stable income during those years shouldn’t be. At River City Senior Benefits, we offer annuity plans that help manage and supplement your income throughout retirement, providing financial security when you need it most.

Why Consider Annuities?

Annuities are investment products that provide a steady stream of income during retirement. They are particularly beneficial for those who want to ensure that their retirement savings last for their entire life.

Here’s why choosing an annuity with River City Senior Benefits might be the right choice for you:

  • Guaranteed Income for Life: Choose options that guarantee income for the rest of your life, ensuring you never outlive your resources..

  • Flexible Payout Options: Receive payments in a manner that suits your financial goals—be it a lump sum, specific time period payouts, or guaranteed payments for life.

  • Tax-Deferred Savings: Invest in fixed annuities to benefit from tax-deferred savings with guaranteed interest rates, free from stock market volatility. This means your principal is protected, and you focus on the return of your money, not just the return on your money.

Get Connected to a Local Agent For Personalized Assistance

Understanding Your Annuity Options

Annuities are contracts between you and an insurance company, designed to meet retirement and other long-range goals. When you purchase an annuity, you make either a single lump-sum payment or a series of payments. In return, the insurer agrees to make periodic payments to you, beginning either immediately or at some future date.

Types of Annuities Available:
  • Immediate Annuities: Begin receiving payments soon after the initial investment.

  • Deferred Annuities: Payments begin at a future date, typically at retirement, allowing your investment to grow over time.

Understand Annuity Options

Purchasing an Annuity

Choosing the right annuity is crucial and depends on your financial situation and retirement goals. You can start with a significant lump-sum payment or opt for regular payments to build your investment. Whichever path you choose, our experts at River City Senior Benefits are here to guide you every step of the way.

Why River City Senior Benefits?
We understand that annuities can sometimes seem complex. Described as “pensions that you buy,” annuities are straightforward investments that ensure your financial stability in retirement. Our team is dedicated to providing you with personalized advice and support, helping you navigate your options to find the best solution for your needs.
Purchase An Annuity

Secure Your Retirement: Estimate Your Annuity Growth Now

Our Annuity Calculator is designed to help you estimate the potential growth of your investment over time. By inputting key details such as your starting principal, annual contributions, interest rate, and the number of years, you can see a clear projection of your annuity’s future value.

Annuities can provide a reliable income stream and are an essential part of retirement planning. Whether you are looking to secure a fixed income for a certain period or need to understand the monthly income you can expect, our calculator simplifies the process and helps you make informed decisions.

Annuity Calculator

Year Addition ($) Return ($) Ending Balance ($)

Questions and Answers About Annuities

What is an annuity?

An annuity is a financial product sold by insurance companies that pays out income, and is commonly used as part of a retirement strategy. Annuities receive funds from the purchaser, either as a lump sum or through regular payments, which then make payments to the purchaser at a later stage, typically during retirement.

How do annuities work?

When you purchase an annuity, you make an initial investment, either in one lump sum or through a series of payments. In return, the insurer commits to making periodic payments to you starting immediately or at some future date. These payments can continue for a set number of years or for the rest of your life.

What are the main types of annuities?

There are primarily three types: fixed, variable, and indexed annuities. Fixed annuities offer guaranteed payouts. Variable annuities provide returns based on the performance of investment options chosen by you. Indexed annuities offer returns tied to a stock index but also guarantee a minimum return.

Are annuities taxable?

The money invested in an annuity grows tax-deferred. When you start receiving payments, the amount you contributed to the annuity is not taxed, but earnings are taxed at regular income tax rates.

Can I withdraw money from an annuity?

Yes, but withdrawing funds from an annuity before the age of 59½ may result in penalties and income taxes. It’s important to view annuities as long-term investments.

How are annuity payments calculated?

Payments are calculated based on the amount invested, the duration of the payment period, the rate of return guaranteed by the annuity, and other terms agreed upon in the contract.

What happens to my annuity when I pass away?

Depending on the type of annuity, any remaining payments can continue to a designated beneficiary. It’s crucial to understand the specifics of your annuity contract to know how your funds will be handled after your death.

Why choose River City Senior Benefits for my annuity?

At River City Senior Benefits, we provide personalized service to help you select the right annuity based on your specific financial goals and retirement needs. Our experts are committed to helping you understand all your options and ensure that you make the best investment for your future.

More Questions? For answers to all your questions, please schedule a consultation with one of our agents. At River City Senior Benefits, we are committed to guiding you through your retirement planning options, ensuring you choose the right annuity to secure your financial future.

Be Financially Secure.

Learn more about your options

Hospital Indemnity Plans

Long Term Care

Cancer Insurance

Final Expense Insurance

Protect your legacy. Protect your family. Start planning today with River City Senior Benefits.