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Guaranteed Lifetime Income Options*
Annuities allow the contract owner to choose, within contract limits, when and how to receive annuity income payments. Annuity options are available that can guarantee income for life, for a specific period of time, or both.
Interest Accumulation
Earn interest steadily or as the markets grow.
Principal Protection
Your principal is never at risk of market loss.
Tax Deferral**
There’s no income tax until you withdraw from your account.
Any interest or earnings in an annuity contract owned by an individual accumulate free of current income tax. Generally, you don’t pay taxes until you take a withdrawal. This means more of your contract value remains available to benefit from potential earnings or interest, creating the potential for faster growth.
Income Flexibility
Receive benefits in a lump sum or over time.
Legacy Transfer
Provides a wealth transfer benefit for your loved ones
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** Taxable withdrawals are subject to ordinary income tax and, if made prior to age 59½, may be subject to a 10% federal income tax penalty.
*Guarantees are based on the claims-paying ability of the issuing company.
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