Choosing the Right Annuity Term

Minimum Guaranteed Values

Fixed annuities provide minimum guaranteed contract values.  At no time can an annuity be worth less than its minimum guaranteed value.

Tax Deferral

Under current law, earnings are not taxed as long as they remain in the annuity.

Withdrawal or Surrender Charges

Often there is a penalty for accessing your money during the accumulation phase. Most annuity contracts will contain a free withdrawal privilege where a limited amount of money may be withdrawn without incurring a penalty. 

Death Benefit

The most common death benefit of an annuity is the contract value or the premiums paid, whichever is larger.

Other Charges

Other charges, if any, may apply. Other possible charges include: asset fees, premium charges, and state premium taxes.

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