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Retirement

What is a retirement annuity?

An annuity is an insurance product that pays out income and can be used as part of a retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement.

Budgeting for retirement

When you retire your cost of living will change. Some expenses will increase and some will decrease. Your lifestyle and health will play a role in how you choose to spend your money. Assessing your living costs and understanding your income are essential when making a decision on what form of annuity to select.

Annuity benefits and features

For inquiries

If you have a Banner Life
retirement annuity:

800-664-6129 Toll Free
301-810-4927 Direct

Fax: 301-294-6985

Hours: 8:00–6:00 ET, Monday–Friday

[email protected]

If you have a William Penn
retirement annuity:

855-914-9123 Toll Free
301-810-4412 Direct

Fax: 301-294-6985

Hours: 8:00–6:00 ET, Monday–Friday

[email protected]

Planning your next chapter?

Check out our Retirement Glossary Terms blog to get familiar with the language used around pension benefits.