To open an account, fund it with 1 lump sum or complete a rollover. That money earns interest based on the term you select.
What's a deferred annuity?
A deferred annuity is a type of insurance contract that can help you save and prepare for retirement. You can buy a deferred annuity with a one-time, lump sum of money.
Our deferred annuity is the USAA Fixed Guaranteed Growth (FGG) annuity. With an FGG annuity, you'll have predictable growth backed by the financial strength of USAA Life Insurance Company.
Is a fixed guaranteed growth annuity right for you?
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Description of visual information: [USAA Life Insurance Company and USAA Life Insurance Company of New York] End of description.
Retirement may seem far away, but it's smart to plan ahead.
You're doing the right thing by saving and researching your options, but the ups and downs of the market can leave you unsure about protecting your hard earned savings.
Is it possible to get secure protected growth over time? Yes, with the USAA Fixed Guaranteed Growth annuity.
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With a USAA Fixed Guaranteed Growth Annuity, or FGG annuity, you'll be on a path to smooth, predictable growth.
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You choose a term typically 3, 5, or 10 years. Your money earns a guaranteed competitive interest rate for that entire period. Your money is saved from market ups and downs, and you'll know exactly how much it'll grow. That's peace of mind you can count on.
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Another benefit is tax-deferred growth. The interest your annuity earns isn't taxed until you withdraw your money. This lets your earnings compound and grow without being reduced by yearly taxes.
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And when you do take money out in retirement, your tax rate may be lower, which could save you money.
When you're ready to turn your savings into retirement income, your FGG annuity gives you a flexible option.
You can convert all or part of your savings into an immediate annuity. This gives you the same guaranteed income stream for life or a set period just like a SPIA.
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Start living your best retirement with the USAA FGG annuity. To get guidance you can count on, speak to a USAA retirement income specialist today.
Description of visual information: [Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.
An annuity is a long-term insurance contract issued by an insurance company designed to provide a retirement income stream for life. Once the contract principal is converted into an income stream, you will no longer have access to your principal as a lump sum. Terms, conditions, limitations and surrender charges may apply.
USAA and its affiliates do not provide tax advice. Taxpayers should seek advice based upon their own particular circumstances from an independent tax advisor.
Fixed Guaranteed Growth (FGG): Forms ICC2398732 06-23, ASP98784CA 10-18, ASP98783FL 06-23, NSP98868NY 10-18. FGG Renewal Endorsement: ICC25509339 04-25, ASP503778ST 12-25, ASP509339SC 04-25. Renewal Endorsement is not available in California or New York.
Learn about USAA's use of Artificial Intelligence at usaa.com/ai.
Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.] End of description.
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How much can your money grow in an FGG annuity?
Try our calculator. Enter your starting amount and how long you want your money to grow. We'll show you how your FGG account could increase over time.
Schedule a complimentary retirement review in minutes.
Our Retirement Income Specialists will talk with you about your goals and how an annuity could work for you.
They can help with strategies for claiming Social Security, account reviews and more in a complimentary retirement review.
Start a conversation
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How does a FGG annuity work?
Steps to complete How does a FGG annuity work?
Deferred annuities FAQ
A benefit of saving in a deferred annuity is that your money grows tax-deferred. When you take money out, the earnings are taxable. Only money you haven't paid taxes on yet is taxed when you take it out.
Yes. After you've had your deferred annuity for 1 year, you can use it to create income.
Yes. You can have a deferred annuity along with an IRA or 401(k). Using a deferred annuity with your retirement plan or IRA is a good idea. It can help you defer taxes while your money grows and give you income later in life.
No. We only offer single-premium annuities. You can buy it with 1 lump sum. You can choose to open more than 1 over time. To find the right fit, call a Retirement Income Specialist at 800-833-9847.