Annuity Products

Get Started

What is an annuity?

An annuity is a retirement income solution designed to help you add financial security. It’s a contract between you and an insurance company where you make a payment to your provider, which earns interest and is returned to you on the schedule you choose.

Get Started

How does an annuity work?

You can fund your annuity in the way that fits your financial situation: a single lump-sum payment, a series of smaller contributions over time, or a rollover or transfer from an existing account such as a 401(k) or IRA.
What is the purpose of an annuity?

Annuities can help you with your financial goals in many ways but are most often used in retirement to help prevent you from outliving your savings. Annuities may fit your financial picture if you:
- Want a consistent income in retirement to help cover essential expenses
- Seek guaranteed growth to help build your retirement nest egg more efficiently
- Prefer protection from market volatility while still earning returns
- Need a flexible way to save with options to fund through a lump sum or ongoing contributions
- Desire predictable budgeting by turning savings into a steady stream of income

Types of annuities offered through AAA:

Platinum Bonus Annuity +

A five-year deferred annuity. Deferred annuities consist of two periods: an accumulation phase (when your money grows according to the length of your annuity) and a payout phase (when you are paid back, with interest, on a schedule you set). A benefit of the Platinum Bonus Annuity^® is the bonus first-year interest rate.

Elite Guarantee Deferred Annuity +

A three-year deferred annuity. You can begin this annuity with as little as $3,000 and benefit from a competitive return that can be paid out on a shorter schedule, keeping your money accessible. This annuity can also be renewed at the end of the three-year period based on the current interest rates if you are focused on continued growth.

Guaranteed Income Annuity +

An immediate annuity, which converts a portion of your savings into a guaranteed income stream that can last for the rest of your life. Your contribution gains interest over time, and you can decide how much and how often you receive a payment. These annuities can be structured so the payments continue even after your initial contribution is returned.

Get Started

AAA Life Insurance Company and its agents do not provide legal or tax advice. Therefore, you may wish to seek independent legal, tax, or financial advice prior to the purchase of a contract.

Annuities offered by AAA Life Insurance Company 17900 N. Laurel Park Dr. Livonia, Michigan 48152. AAA Life Insurance Company is licensed in all states except NY. CA Certificate of Authority #07861. Products and their features may not be available in all states.

View the Full Disclosures

ALAN-30591-526-XX