Variable Annuities
Flexible Tax-Deferred Investing

Consider investing in a variable annuity as a tax-deferred investment solution.††† A variable 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 some future date. A variable annuity 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 taxable investments.

While variable annuities offer the potential of higher returns than fixed annuities, your return and the value of your variable annuity depends solely on the performance of your selected portfolio, and could be more or less than your original investment.

	Highlights Below > Benefits You’ll Receive > Fast Facts > Important Considerations

Benefits You’ll Receive

• Earnings are tax-free until withdrawn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

	Fast Facts
	Minimum Deposit $2,000 to $5,000 depending on the terms of the annuity.
	Surrender Charges May apply if more than 10% of total balance is withdrawn in the first 5 to 10 years, depending on the terms of the annuity.
	Tax Penalties Withdrawals before age 59½ may be subject to a 10% IRS penalty.

Important Considerations

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.

You purchase a variable annuity contract by making either a single payment or a series of payments. Unlike a fixed annuity, where your money earns a guaranteed rate of return, in a variable annuity your money is invested in stock and bond sub-accounts that you select based on your investment objectives and risk tolerance.

Variable annuities 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 even opt to receive income for your entire lifetime. Depending on the program, other options may also be available.

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

Before purchasing a variable annuity, you should carefully consider its investment objectives, risks, charges and expenses. This and other important information is contained in the prospectus. Please read it carefully before investing. Contact your Financial Advisor to request a prospectus.

Past performance is no guarantee of future results. Investment return and principal value of a variable annuity will fluctuate, causing shares, when redeemed, to be worth more or less then their original cost.

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