Turn Your In-Plan Annuity into Income

Are you in the home stretch toward retiring? Securing a comfortable retirement is likely your focus. Now’s the time to review options, while still saving in your company's plan. You’ll want to be sure your retirement income is enough to:

 Pay your household bills
 Address your spending goals
 Cover unexpected expenses

Most importantly, you’ll want your cash flow to continue as long as you live. We can help.

What’s an “In-Plan” Retirement Payout?

Your employer’s retirement plan may have a valuable tool for simplifying income in retirement. It’s called an annuity and could be available directly in your plan. So ... what is it? How does it work? How can it benefit you? And what are the next steps? Start with this short video for a quick overview.

Pre-retiree couple researching annuities on computer

Guaranteed Lifetime Income Makes a Difference

How long do you expect to live in retirement? Whatever the answer, keep in mind, life expectancy is an average. You could live even longer.

So, retirement portfolios can encounter shortfalls. And making adjustments – spending less or saving more – can be difficult to manage.

You may need to draw more from investments and savings. That could continue until little is left.

An income annuity can help. It provides guaranteed lifetime income to help cover expenses and offset longevity and investment risks. That helps create confidence for your future.

Calculate Your Retirement Readiness

Income Fact Finder (PDF)
Compare your expenses and resources to uncover your needs.
Income Calculator
See how much an immediate annuity can pay you at retirement time.
Withdrawal Calculator
Calculate how long retirement savings might last based on various factors.
Income Worksheet (PDF)
See how much income you may need in a few quick clicks.
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What's an Annuity?

An annuity is a contract between you and an insurance company. You pay a premium up front. Then, the insurer ensures you receive income payouts when you retire. Plus, you get to choose how long and how much that payout is. You can even set it up to pay you the rest of your life. And you can also pass payouts on to your spouse. Consider it a “personal pension” that helps make sure you never run out of money in retirement.

Learn More About Annuities

Annuity income involves a series of regular payouts made over a set period of time. How it works: You pay a lump sum to the insurance company and then you get a set income. Immediate annuity payouts start right away, and deferred annuity payouts start later.

In-Plan Annuities Close Up

More employers are offering annuities in their qualified retirement plans (such as 401k and 403b). This helps employees easily convert part of their savings into guaranteed payouts. Click below for a closer look.

Learn About IncomePoint®

Your ultimate objective in saving over the years was to someday provide spending flexibility for your needs and wants. IncomePoint converts a portion of retirement savings to retirement income; income that can last a lifetime.
Explore IncomePoint

Why Western & Southern?

When it comes to planning your finances, you want a company you can feel confident about.
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You can count on us as one of the world’s strongest life insurance companies.
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We have a long history of meeting the financial need of families and businesses.
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Our Better Business Bureau rating confirms our commitment to honoring our promises.
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Why Our Strength Matters

When you choose retirement income from an annuity, you may depend on that income for years ... even decades. So company strength, stability and staying power truly matter. View our videos that speak to our strong points.

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Make Our Strengths Your Strength

Retirement. It’s your decision. Back it with a company you can count on.
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IMPORTANT DISCLOSURES

1 From Fortune ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of Western & Southern Financial Group.

Single Premium Immediate Annuity Group Contract series ENT-08 2207 issued by Western-Southern Life Assurance Company and ENT-08 2207 NY issued by National Integrity Life Insurance Company.

Payment of benefits under the annuity contract is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company. Earnings and pre-tax payments are subject to income tax at withdrawal. Withdrawals may be subject to charges. Withdrawals from an annuity are subject to ordinary income tax, and, if taken before age 59 ½ may be subject to 10% IRS penalty. An annuity is a long-term financial vehicle designed for retirement. An insurance company accepts premiums and provides future income or a lump-sum amount to the contract owner by contractual agreement. An immediate annuity is permanent. Owner has no access to premium, which converts to an income payout stream. There is no cash value, no death benefit and the annuity can’t be surrendered. Contract terms, such as payment amount and frequency, cannot be changed, unless commutation is available and elected. An immediate annuity should not be purchased if access may be needed to any of the premium for living expenses or other purposes.

Annuity products are not bank products, are not a deposit, are not insured by the FDIC, nor any other federal entity, have no bank guarantee, and may lose value.