Access to your money: In most cases, you have flexible access to some percentage of your money.
- Fixed Annuities: Fixed annuities are backed by highly rated insurance companies which guarantee your principal amount deposited. (Guarantees are based on the claims-paying ability of the issuing insurance company. Subject to the claims paying ability of the issuing insurance company.) Because you earn compounded interest on the money that would have gone to pay taxes, savings grow faster than they would in a taxable investment at the same rate. Annuity proceeds are paid to named beneficiaries immediately upon death, without the delay, publicity or expense of probate.
- Variable Annuities: A variable annuity is a long-term retirement investment vehicle. It's an insurance contract that is specifically designed to build your retirement savings. When you're ready a variable annuity can provide you with retirement income in several ways, including options that can help you receive an income stream that you cannot outlive. Most variable annuities offer a broad range of investment portfolios with a lower level of risk, or more aggressive investment portfolios, having the potential for higher investment returns. Highly qualified, world-class portfolio managers professionally manage these investment portfolios. Keep in mind your annuity's value will vary over time, according to the performance of the individual investment portfolio you choose. Variable annuities can be a valuable asset to your investment portfolio:
- Defer paying taxes until you begin taking distributions
- Take advantage of market opportunities
- Control the quality of your retirement
- Receive monthly or yearly income that you cannot outlive
- Ensure that your beneficiaries receive the full value of their inheritance on a timely basis
Discover how a variable annuity can help you achieve a well-deserved, comfortable retirement. Realize that withdrawals prior to 59½ may be subject to a 10 percent IRS penalty and the amount withdrawn is subject to ordinary income tax. For more complete information, including fees, charges and expenses consult a prospectus, which can be obtained from an investment executive. Read it carefully before investing or sending money.
Surrender charges are deducted for redemptions during the early years of the annuity contract.
