Annuities & retirement income · St. Louis, MO (St. Louis City)
Fixed Index Annuities in St. Louis, Missouri
15.3% of St. Louis residents are 65 or older, about 44,600 people, below the U.S. average of 17.7%; that is the 2nd-highest share of residents 65 and older of the 10 Midwest U.S. communities on this site. Insurance contracts that can help protect principal from market losses while participating in index-linked interest — with optional riders for lifetime withdrawal benefits subject to contract terms. Olive, a licensed agent with Manna Financial Services, helps St. Louis, MO households compare fixed index annuities by phone or video, and the first conversation is free.
What matters for fixed index annuities in St. Louis
About 36,200 St. Louis residents are 55 to 64 and about 44,600 are 65 or older. Fixed and fixed indexed annuities are mostly used by people in or near retirement who want principal protection or a guaranteed income stream, in exchange for surrender periods.
St. Louis by the numbers
- 15.3% of St. Louis residents are 65 or older, about 44,600 people, below the U.S. average of 17.7%; that is the 2nd-highest share of residents 65 and older of the 10 Midwest U.S. communities on this site.
- 12.4% of St. Louis workers have government jobs, below the U.S. share of 14.1%.
- 45.1% of St. Louis homes are owner-occupied (U.S.: 65.0%), and the median home value is $194,500, well below the U.S. median of $303,400.
- About 36,200 St. Louis residents are between 55 and 64, the group that will reach Medicare age over the next ten years.
St. Louis and nearby communities
| Place | 65 or older | Government workers | Median household income |
|---|---|---|---|
| St. Louis | 15.3% | 12.4% | $55,279 |
| Chicago | 14.1% | 11.9% | $75,134 |
| Indianapolis | 13.5% | 11.6% | $62,911 |
| Detroit | 15.1% | 11.8% | $39,575 |
| U.S. | 17.7% | 14.1% | $78,538 |
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates.
How we help with fixed index annuities
- Principal protection features against negative index periods on eligible strategies
- Annual reset designs on many contracts so credited interest is locked in
- Optional lifetime income riders with contractual withdrawal schedules
- Penalty-free withdrawal provisions on many contracts (often a stated annual percentage)
Rules that apply in Missouri
- Annuity recommendations in Missouri must follow state insurance department suitability and best-interest rules, which require the annuity to fit your needs and financial situation.
- Annuities are long-term contracts. Most have surrender charges for early withdrawals, and guarantees depend on the issuing insurance company.
- We are licensed for insurance and annuities only and do not give tax, legal or investment advice. We work alongside your CPA or attorney.
Questions from St. Louis
Is my principal protected in an FIA if the market falls sharply?
On eligible fixed index strategies with a contractual 0% floor, a negative index period typically credits 0% rather than reducing account value by the index loss. Surrender charges, fees, and rider costs still apply — review the specific contract.
Do I need to visit an office in St. Louis?
No. Olive works with St. Louis and St. Louis City households by phone or video, so you can compare options from home. Most applications and signatures can be completed online.
Talk with Olive about fixed index annuities.
Free, no obligation, by phone or video. Or call or text (937) 388-5346.