Fixed Annuities

A fixed annuity is designed to help investors plan for their retirement by offering a tax-deferred vehicle to encourage long-term savings. A fixed annuity credits a declared interest rate, which is reset annually after the initial guarantee period. A minimum interest rate is guaranteed for the life of the contract. Annuity earnings grow tax-deferred until withdrawn, reducing your current taxes and allowing your money to grow faster.

Benefits

  • Grow assets on a tax-deferred basis
  • Fund it using pre-tax dollars in a qualified retirement account or with after-tax dollars in a non-qualified account
  • Guaranteed minimum interest rate regardless of market conditions
  • Flexible income options1
  • Access to your interest earnings immediately
  • Individual account features may allow access to your funds under certain conditions without penalty2
  • Contributions can be made as one lump sum or additional deposits can be made
    over time
  • No age limits at which you must begin receiving payments for non-qualified money
  • A variety of payout options available at maturity, including a guaranteed
    lifetime option
  • Account value passes to your named beneficiary free from the costs of probate in most cases

Considerations

  • Fixed rate of return may not keep up with inflation
  • Substantial penalties may apply for early withdrawal
  • Guaranteed life income payments cannot be altered once selected

Details

Eligibility Limits
  • No Limits
Income Limits
  • No Limits
Annual Contribution Limits
  • No contribution limit if money is non-qualified
Tax Considerations (See your tax advisor)
  • Earnings accrue tax deferred*

Interested in learning more?

Disclosures:

  1. Withdrawals of earnings are subject to ordinary income tax. In addition, a federal 10% penalty tax may apply to withdrawals taken prior to age 59 ½ and surrender charges may apply.
  2. The availability of withdrawal features without penalty will vary by product.
  • Consult your tax/legal advisor for tax planning relating to your current situation.
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  • Mutual funds, annuities, and other investment products:
    Not FDIC-insured May lose value No bank guarantee
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