Accounts & Products

Annuities

If you’re looking for ways to save more for retirement or generate reliable income in retirement, consider annuities. Low-cost annuities from Schwab provide the opportunity for tax-deferred growth and, when you retire, the option of guaranteed income to last as long as you wish—even for life.¹

Variable Annuities

Stay invested in the market to give your retirement savings the potential to keep growing—and save 30%–50% on annuity fees.²

Learn more about variable annuities.

Fixed Annuities

Lock in a guaranteed rate of return¹ to keep your retirement savings protected and growing regardless of market conditions.

Learn more about fixed annuities.

Income Annuities

When you’re ready to retire, you can convert a portion of your savings into a steady stream of payments that’s guaranteed to last the rest of your life.¹

Learn more about income annuities.

Get exceptional value with a low-cost variable annuity.

Save money with a variable annuity from Schwab:

Variable annuities at Schwab are priced 30%–50% lower than the industry average.²
Clients switching to a variable annuity at Schwab save an average of $502 per year.³
There are no surrender fees, so you can enjoy flexibility if your situation changes.

How much can you save?

See how much you might save by exchanging your current variable annuity for a low-cost annuity from Schwab.

Try our Variable Annuity Analyzer.

Generating Income

Want to learn how to generate retirement income? Schwab can show you a variety of approaches.

Find out more about generating income.

Ready to get started?

Request annuity information by mail

You can also call a Schwab Annuity Specialist at 888-311-4889.

Already own an annuity at Schwab?

1. The guarantee depends on the claims-paying ability and financial strength of the issuing insurance companies. Withdrawals of earnings are subject to ordinary income tax and, if taken prior to age 59½, may be subject to a 10% federal tax penalty.

2. Source: Morningstar survey of 1696 variable annuities on June 30, 2011, found an industry expense average of 1.32%. The percentage savings does not include fees associated with the underlying variable portfolios.

3. Source: July 2006 to June 2011 Schwab survey of variable annuity exchanges from a non-Schwab variable annuity to a Schwab variable annuity. The annual savings amount of $502 reflects the average differential in asset-based annuity fees (typically the mortality and expense risk and administrative charges) between the clients’ existing variable annuities and any of Schwab’s variable annuities assuming a $100,000 purchase amount and no subsequent additions or withdrawals. The savings figure does not reflect any other charges imposed by the existing annuity carrier, including surrender charges which, if included, would reduce or eliminate any potential savings. The actual amount you may save annually will vary based upon the difference in annuity fees, underlying portfolio fees, subaccount performance, amount transferred, and any subsequent additions or withdrawals.

Variable annuities are sold by prospectus only. Before purchasing an annuity, you should carefully read the prospectus and consider its investment objectives and all the risks, charges, and expenses associated with the annuity and its investment options. For this and other information, call Charles Schwab & Co., Inc. at 888-311-4889 to request a prospectus, or you may view one online at Schwab.com.

Charles Schwab & Co., Inc., a licensed insurance agency, distributes certain insurance and variable annuity contracts that are issued by insurance companies not affiliated with Schwab. Not all annuity contracts are available in every state.

Carefully consider differences in features, costs, charges and expenses, services, company strength, potential tax consequences, and other important factors prior to initiating an echange.

Variable annuities are subject to risk, including possible loss of principal.