Here’s exactly what you’ll get:
Predictable, guaranteed growth
When you make your one-time annuity payment, you can choose a guaranteed fixed interest rate period of 3 to 10 years. 1 When the guarantee period ends, you can take your money, choose a different guarantee period or renew for the same guarantee period. 2
Tax-deferred growth
Your earnings are not taxed until you begin taking income, so your annuity contract value can grow more quickly than a taxable asset.
Protection from loss
When we say your growth is guaranteed, we really mean it. Your annuity value is completely protected from the risk of market losses.
Early access to your money
If you need to, you can access up to 10% of your annuity contract value every year — without incurring contract penalties. And the balance that remains in your annuity contract will continue to grow. 3
Pension-style income
After the first contract year, you have the option to end your annuity’s guarantee period and convert your annuity into a pension-style stream of income for yourself — or for you and someone else. And that income stream can be set up to last a certain number of years or for the rest of your life. 4 Your annuity includes a probate-free death benefit that’s payable to your beneficiaries — or your spouse or legal domestic partner 5 can choose to continue the contract.
Death benefit
1 All guarantees are based on the claims-paying ability of the issuer. Your interest rate will be based on your premium payment amount and the guarantee period you choose. The minimum payment amount is $10,000. Your financial professional can advise you of the maximum payment permitted at the time you purchase your annuity. No additional payments are permitted once the annuity has been issued. 2 If no action is taken at the end of the guarantee period, the annuity will automatically renew for the same number of years as the prior contract (if available). The interest rate at renewal will be the interest rate in effect at the time of renewal. 3 The amount and timing of your withdrawals determine whether they are free or subject to surrender charges. Withdrawals are taxable, and if taken prior to age 59½, are also subject to tax penalties. See page 4 for additional information about withdrawals. Your financial professional can explain more. 4 The decision to convert your annuity into a regular stream of income is irrevocable. Always consult your trusted financial professionals before taking income or other withdrawals. 5 Legal domestic partner is defined by federal and state regulations. Please consult a tax or legal advisor for clarification or questions.
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