Annuities
Flexible, Tax-Deferred Investing

If you’d like to trim your tax bill, consider investing in an annuity.††† An annuity is a contract between you and an insurance company. In return for your payment, the insurance company agrees to provide either a regular stream of income or a lump sum pay-out at a future date. There are two types of annuities offered — a fixed annuity and a variable annuity. Each choice allows your money to grow tax-deferred until you receive or start withdrawing funds, so your money can grow faster than if it were invested in other types of taxable investments.

	Highlights Below > Benefits You’ll Receive > Account Choices > Important Considerations

Benefits You’ll Receive

Fixed Annuities

• Earnings are deferred from local, state, and federal income taxes until withdrawn
• Lifetime income
• Liquidity
• Safety
• Competitive interest rates
• Assistance from professional financial consultants

Variable Annuities

• Earnings are deferred from local, state, and federal income taxes until withdrawn
• Lifetime income
• Potential for higher returns based on market performance
• Freedom to move funds between portfolios as investment objectives change, without triggering a “taxable event”
• Guaranteed death benefit if annuity holder dies during the period while money is accumulating
• Assistance from professional financial consultants

Account Choices

Fixed Annuities
Fixed annuities offer you safety, a guaranteed rate of return, liquidity and flexible withdrawal options. More

Variable Annuities
While variable annuities offer the potential of higher returns than fixed annuities, your return and the value of your variable annuity depend solely on the performance of your selected portfolio, and could be more or less than your original investment. Please read the prospectus for more information regarding the risks of investing in variable annuities, cost, expenses and surrender charges. More

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Important Considerations

You can purchase an annuity with either a single payment or a series of payments. Although there are differences in the two types of annuities, they both provide you with great flexibility — you can opt to receive your money all at once, over a set number of years as you need it, or you can opt to receive income for your entire lifetime.

Withdrawals before 59½ years of age may incur tax penalties. Surrender charges may also apply if you withdraw more than 10% of the total balance in the first five to ten years, depending on the terms of your annuity.

Before investing money, be sure to ask for a prospectus, which details the performance history, management fees, expenses, and penalties for early withdrawals. Please contact your Financial Advisor to request a prospectus.