Secure Your Retirement with Personalized Annuity Solutions

Annuities are powerful financial tools designed to help you grow your savings and convert them into reliable income, often for retirement. At Northland Securities, we offer a wide range of annuity options tailored to your financial goals, risk tolerance, and income needs. Whether you're seeking guaranteed returns, tax-deferred growth, or market participation with principal protection, our experienced team is here to guide you every step of the way.

Explore Your Annuity Options

Immediate Annuities

With a Single Premium Immediate Annuity (SPIA), you invest a lump sum and begin receiving guaranteed monthly payments right away. Payments continue for life or a set period, depending on your contract. A portion of the income may be tax-free, based on your investment and the exclusion ratio.

Deferred Annuities

Single Premium Deferred Annuities (SPDAs) allow you to invest upfront and grow your funds at a fixed rate over time. Payments begin later, offering flexibility in retirement planning. Taxes are deferred until you withdraw funds or begin receiving income.

Variable Annuities

Variable annuities offer market exposure through professionally managed sub-accounts. You can invest in equities and fixed income options with tax-deferred growth. While they carry more risk and fees than fixed annuities, they offer greater growth potential and investment flexibility.

Fixed Indexed Annuities

These annuities combine the stability of fixed products with the growth potential of market-linked returns. Your earnings are tied to a stock market index (e.g., S&P 500), offering upside potential with downside protection, ideal for moderate growth with reduced volatility.

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Is an Annuity Right for You?

Annuities may be a smart choice if you:

  • Expect to be in a lower tax bracket during retirement
  • Want guaranteed income or principal protection
  • Seek tax-deferred growth and predictable returns
  • Need a reliable way to convert savings into retirement income

Important Considerations

Annuities are not appropriate for every investor. Before purchasing an annuity, you should consider:

  • Liquidity limitations, including surrender charges and withdrawal restrictions
  • Fees and expenses that may reduce overall returns
  • Tax implications, including ordinary income taxation on withdrawals
  • The financial strength and claims-paying ability of the issuing insurance company
  • Whether guarantees are subject to the terms, conditions, and limitations of the contract

Annuities are long-term financial products and should be evaluated in the context of your overall financial goals, time horizon, and risk tolerance. A financial professional can help determine whether an annuity is appropriate for your individual situation.

Why Choose Northland Securities?

  • Expert Guidance: We simplify the complex world of annuities and help you choose the right product for your goals.
  • Trusted Providers: Access a wide selection of annuity options from reputable insurance companies.
  • Complimentary Reviews: Already own an annuity? We’ll review your existing contract to assess structure, fees, subaccounts, and tax implications—helping you optimize performance and reduce costs.

Frequently Asked Questions

Fixed annuities offer guaranteed returns and predictable income, while variable annuities allow you to invest in market-based options with potential for higher growth—but also more risk.

Yes, earnings from annuities are tax-deferred, meaning you won’t pay taxes until you withdraw funds. The tax treatment depends on the type of annuity and how payments are structured.

Most annuities have surrender periods and penalties for early withdrawals. However, some contracts allow partial withdrawals or offer liquidity features. It’s important to review your contract terms.

Indexed annuities earn interest based on the performance of a market index (like the S&P 500), offering growth potential with downside protection. Returns are typically capped but guaranteed not to fall below zero.

While annuities are often used for retirement planning, younger investors may benefit from tax-deferred growth and long-term income strategies, especially if they’re seeking principal protection or guaranteed returns.

Important Disclosures

Variable annuities are offered by prospectus, which provides information including benefits, fees and expenses. Annuity and Insurance products are guaranteed, underwritten, and issued exclusively by, the respective insurance companies. Penalties may apply for early withdrawal, and a 10% IRS penalty may apply for withdrawals prior to age 59½. Northland Representatives do not provide tax or legal advice: Consult your tax or legal advisor for specific information.