Annuities can help Texas residents turn savings into reliable retirement income. Compare fixed, indexed, and income annuity options with a Blue Peak advisor.
Looking for annuities in Texas? An annuity can provide tax-deferred growth and income you cannot outlive, depending on the contract. A Blue Peak advisor can help you compare options and surrender terms.
Retirement planning in Texas looks different for every household. We help you understand how an annuity could fit your income plan.
An annuity is a contract with an insurance company that can help you save for and fund retirement.
Fixed annuities credit a set interest rate for a period of time, which can make growth predictable.
Indexed annuities credit interest based on a market index, subject to caps, with protection from index losses.
Income annuities turn a lump sum into payments that can last for a set period or for life.
Most annuities limit withdrawals during the first years. Early withdrawals may carry surrender charges and tax penalties.
A licensed Blue Peak advisor can review your options and help you request a quote.
Here are a few ways Texas residents use annuities.
Texas retirees often combine Social Security, retirement accounts, and annuities to cover their budget.
If you sold a business, an annuity may be one way to create steady income from part of the proceeds.
Use these questions when you compare quotes or review your current policy:
The Texas Department of Insurance (TDI) licenses the insurers and agents that sell annuities in Texas. If you have a question about a claim or a company, TDI's consumer services team can help, and you can confirm any agent's license on the Texas Department of Insurance website. Texas also has a life and health insurance guaranty association that protects policyholders, within set limits, if a licensed insurer fails.
Texas has no state income tax on wages, so many families focus on how life, income and retirement products fit their overall budget when they buy a home, grow a business or plan for a parent's care.
Blue Peak works with pre-retirees and retirees in Houston, Dallas, San Antonio, Austin, Fort Worth and El Paso, as well as smaller towns across Texas. Our advisors compare options from multiple carriers and explain how Texas rules apply to your annuities before you decide.
Annuities sold by insurance companies in Texas are regulated by the Texas Department of Insurance.
Every state, including Texas, has a life and health insurance guaranty association that provides some protection up to set limits. Limits vary, so ask an advisor for details.
An annuity is a contract with an insurance company. You pay a lump sum or premiums, and the insurer provides growth, income, or both based on the contract.
They can be for people who want predictable income or tax-deferred growth. They are not right for money you may need soon.
Many annuities allow limited withdrawals. Larger early withdrawals may have surrender charges and tax penalties.
An annuity can help turn savings into income and protect part of your retirement from market swings. Comparing contracts helps you choose the right fit.
Learn more about our annuities options, or see our guide to life insurance in Texas.
Blue Peak Risk Advisors is a licensed independent insurance agency. Coverage is subject to underwriting, policy terms, conditions, limits and exclusions. Coverage availability varies by state and carrier. This page is general information only and is not a statement of coverage or legal advice.
Insurance in Texas is regulated by the Texas Department of Insurance (TDI). Texas consumers can also get help from the Office of Public Insurance Counsel, which represents consumers on insurance matters.
Before you buy any policy, you can confirm that an agent or agency holds an active Texas license using the free NIPR license lookup or the regulator's own search. Ask your advisor which insurer will issue your policy, and check that the insurer is authorized to do business in Texas.
This page is general information, not legal advice. Coverage terms, rates and availability depend on the insurer and your policy.
