With many factors facing RETIREES, it's important to have as many sources of income as possible

ANNUITIES

With so many factors facing retirees, it’s important to have as many sources of income as possible. Life expectancy continues to increase, inflation is inevitable, and social security is drastically being depleted. Leaving your money in traditional investments is just too risky. If the market goes down, so does your nest egg.

Annuities provide you with the ability to create income that will last your entire life. They are, simply put, an agreement between you and a financial institution (i.e. a life insurance company), which states that they will accept a lump sum payment given by you in exchange for future payments based on the performance of the investment strategy. They turn your money into a steady stream of income that is not affected by the ups and downs of the market.

The money grows on a tax-deferred basis, which means that you do not pay taxes on your earnings until you withdraw them. You also have access to a portion of your money each year, usually after the first year, without any withdrawal charges.1 When you’re ready, the money will be there to take care of you as long as you live.2 Contact one of our advisors for more information. Peace of mind is a phone call away.

1 Withdrawals are subject to tax on gain in contract and if taken before age 59 ½, may be subject to 10% federal tax penalty. In addition, the withdrawal will reduce the death benefit and account value. Please contact a tax advisor.

2 Statement assumes that an income rider is being used.

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