“I don’t know if I should consider an annuity. I need someone I can trust.”
Understanding how annuities work provides you many benefits:
Variable Annuities are long-term investments designed for retirement purposes. They involve risk and are offered by prospectus only. Investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The prospectus contains this and other important information and should be carefully read before investing. Benefits and riders may be subject to additional costs and restrictions. Guarantees are based on the financial strength and claims-paying ability of the issuing insurance company and are subject to their terms and conditions.
Annuities are designed to be long-term investments and frequently involve substantial charges such as administrative fees, annual contract fees, mortality & risk expense charges and surrender charges. Early withdrawals may impact annuity cash values and death benefits. Taxes are payable upon withdrawal of funds. An additional 10 percent IRS penalty may apply to withdrawals prior to age 59-1/2. Each annuity has different features and benefits that may be appropriate for you based on your financial situation and needs, your risk tolerance, your age and how you intend to use the annuity. The different features and benefits may include interest rates amounts, guarantees, bonus crediting, surrender charge schedules, optional riders and access to annuity account values. The fees and charges may also be different among the annuity contracts offered. Fixed annuities are not guaranteed by FDIC or any other governmental agency and are not deposits or other obligations of or guaranteed or endorsed by any bank or savings association. Both the money you invest, and the interest paid out are guaranteed by the claims-paying ability of the insurer. Investors should consider the investment objectives, risks, and charges and expenses of an annuity carefully before investing. Prospectuses containing this and other information about the annuity are available by contacting your Financial Advisor. Please read the prospectus carefully before investing to make sure that the annuity is appropriate for your goals and risk tolerance.