Protect Your Principal and Grow Your Income FIXED ANNUITIES OR MULTI-YEAR GUARANTEED ANNUITIES (MYGA)
Income & Growth Fixed annuities are designed to help grow your retirement income – typically at higher interest rates than those offered for financial products. Income is tax- deferred until you access it, allowing your money to grow and compound faster than products that are subject to annual income tax. Principal Protection Since fixed annuities are contracts with insurance companies, your principal and interest are protected. Protecting your income and savings is a critical step toward achieving your retirement goals and planning for the future.
Access & Liquidity People often purchase fixed annuities to grow their retirement savings or provide lifetime income payments – but you can also get access to your money through flexible withdrawal terms and available riders.
Succession Planning Fixed annuities can help families plan for the next generation, providing you a way to pass assets to your beneficiaries that may help avoid the lengthy probate process.
What is a Fixed Annuity?
Fixed annuities are insurance products that, after a single initial premium payment, earn a fixed rate of interest, allowing your money to grow on a tax-deferred basis until you decide to begin receiving annuity payments. Therefore, you can expect solid, guaranteed growth as long as the funds remain in the annuity until the end of any surrender charge period. Fixed annuities often offer multiple guarantee periods to align with your specific needs and guarantee the interest rate for the entire guarantee period you select. With fixed annuities, you can be confident that what you expect is what you will receive – which is ideal for retirement planning.
Issued by The Ohio State Life Insurance Company
www.nexannuity.com
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