Annuities Annuities can be a great solution as you plan your retirement income needs. Available as either immediate, fixed or variable, annuities* offer unique benefits that make them very attractive to many investors. Annuities can help you: Protect yourself from outliving your income Protect yourself from possible unfavorable market conditions at the time of death Manage your tax planning strategy** What is right for you? Immediate Annuities – Single Premium and Immediate Payment Immediate annuities are purchased with a single payment, and immediately provide an income stream. The income stream is determined by the amount of initial payment, the length of time that the payout will continue, and the number of lives being covered. Immediate Annuities are an option if you: Are interested in turning a fixed asset into a regular source of income Want to make a single premium payment and, in return, receive a fixed, guaranteed income Fixed Annuities – Fixed Interest Rate with Deferred Payments Fixed Annuities are a simple, low-risk retirement planning vehicle that helps you protect your principal and allows your investment to grow over time. Your retirement savings are credited with a fixed interest rate, which can vary periodically but will never fall below a guaranteed minimum rate. Your savings will receive credited interest until you decide to receive a stream of payments. Fixed Annuities may be a good option if you: Want the security of knowing your money will be there, no matter what Are willing to defer the payout phase until sometime in the future in order to accumulate cash value Are interested in having a fixed interest rate which can vary periodically but will never fall below a guaranteed minimum rate. Want to take a conservative approach and make multiple deposits over time Variable Annuities – Greatest Potential To Grow Your Investment with Deferred Payments Variable annuities offer a wide array of investment options that allow you to customize your investment strategy to meet your needs and risk tolerance. Variable annuities also provide protection options to safeguard against inflation and market volatility. A variable annuity is a long-term financial retirement vehicle, subject to market fluctuations and may lose value. Variable Annuities may make sense if you: Want to defer the payout phase of policy until sometime in the future to accumulate funds Want an investment vehicle that can continue to grow, even during retirement Are interested in tax-deferred growth Want the ability to allocate payments among a variety of investment options Want flexible payout options Are interested in additional protection options to safeguard against inflation and market volatility Wish to incorporate death benefit protection for their families All guarantees are based upon the claims-paying ability of the issuer. Optional benefits can complement your variable annuity. Please note that these products are optional, carry additional cost, and are available only through the purchase of a variable annuity product. Investors should consider the investment objectives, risks, charges, and expenses of a variable insurance product carefully before investing. Please carefully read the prospectuses for the relevant variable insurance product and its underlying investment options, which contain this and other information about the product. *Product features and availability may vary by state. Restrictions and limitations may apply. **Withdrawals of taxable amounts are subject to income tax and, if taken prior to age 59½, a 10% federal tax penalty may apply. Early withdrawals may be subject to withdrawal charges. An annuity is typically a tax-deferred investment. Holding an annuity in an IRA or other qualified account offers no additional tax benefit. Therefore, an annuity should be used to fund an IRA or qualified plan for annuity features other than tax deferral.