Annuities and IUL’s can be used to preserve funds already saved and to provide a steady stream of income during your retirement . Payments into a tax-deferred account can be made through a lump sum or a series of monthly payments to the insurance company. Fixed Index Annuities provide an opportunity for growth without the risk of losing your investments when the stock market crashes or declines. Additions such as lifetime income riders, which gives clients a guaranteed income no matter how long they live can be optional benefits that can be added to many different annuities.