Safety of principal. With a fixed annuity, your
contract includes guarantees that help protect against
loss.
Interest rate guarantees. For fixed and fixed
index annuities, there are contractual guarantees that
interest will never fall below a minimum guaranteed
rate.
Guaranteed retirement income. When the deferral
period specified in your contract is fulfilled, you
have the option to start taking annuity payments,
including options guaranteed to continue for your
lifetime, freeing you from the risk of outliving your
income.
Tax-deferred accumulation. You pay no ordinary
income taxes on any contract gains until you withdraw
your funds. Over time, tax-deferred accumulation can
have a positive impact on your retirement reserves.
Death benefit protection. In the event you die
before you begin taking annuity payments, the proceeds
of your annuity will go to the
beneficiary/beneficiaries you have named. You may also
choose annuity payments with a guaranteed period for a
death benefit to be paid.
