FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentAnnuities
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Annuities are tax deferred investments that could provide retirement income. Withdrawals prior to age 59½ have a 10% tax penalty.
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Fixed Annuities normally have a fixed rate of interest for a predetermined period. Indexed Annuities have a fixed rate option as well as other investment options which may be tied to the performance of certain indexes. This option may allow for a higher return potential than the fixed annuity. Variable Annuities offer more opportunity for growth by investing in sub accounts which could be made up of equities, bonds, and alternative investments. These accounts fluctuate with the market therefore, are more volatile than the fixed or indexed annuities listed and can lose value. Immediate Annuities offer an immediate stream of income for a lifetime or a predetermined period. Annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59½ are subject to a 10% IRS tax penalty and surrender charges may apply. Variable annuities contain both an investment and insurance component. They have fees and charges, including mortality and expense charges, administrative fees, and contract fees. They are sold only by prospectus. The investment returns and principal value of the available sub-account portfolios will fluctuate so that the value of an investor's unit, when redeemed, may be worth more or less than their original value. |
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