TIAA-CREF Life Insurance Company. Single Premium Immediate Annuities. Step closer to meeting your lifetime income needs.

Size: px
Start display at page:

Download "TIAA-CREF Life Insurance Company. Single Premium Immediate Annuities. Step closer to meeting your lifetime income needs."

Transcription

1 TIAA-CREF Life Insurance Company Single Premium Immediate Annuities Step closer to meeting your lifetime income needs.

2 Securing a lifetime of retirement income TIAA-CREF: Financial services More than 90 years ago, Teachers Insurance and Annuity Association (TIAA) began offering retirement products to benefit members of the educational, medical, cultural and research communities. In 1999, TIAA-CREF Life Insurance Company (TIAA-CREF Life), a wholly owned subsidiary of TIAA, began offering additional retirement products to the families of TIAA participants and to the general public. As a subsidiary of TIAA, TIAA-CREF Life continues the tradition of offering competitive and affordable products. TIAA and TIAA-CREF Life are a part of the TIAA-CREF group of companies. Since 1918, our mission has been to serve those who serve others. In an ever-changing financial landscape, our financial consultants seek to maintain a high degree of personal and professional integrity. We believe in making your financial well-being our top priority. Contact your TIAA-CREF Life annuity representative today or All solicitations pertaining to a contract for annuities may only be handled by an agent or broker licensed to engage in the business of annuities in the state in which you reside. An immediate annuity adds another paycheck to your retirement income needs The good news more and more of us are living longer. But as life expectancies and medical costs continue to increase, ensuring that you have adequate income for the long term has become more essential. We understand the challenges facing retirees and are here to help you build a retirement income stream to meet your long-term goals. A Single Premium Immediate Annuity (SPIA) from TIAA-CREF Life Insurance Company (TIAA-CREF Life) is one of the solutions we offer that can help you supplement your Social Security or other pension payments to help meet your lifetime retirement income needs. 1 SPIA creates an immediate income stream from a single lump-sum investment. With a minimum, after-tax contribution of $25,000, you can tailor your income payments to suit your preferences and needs. With SPIA, you can allocate your contribution to one or more of eight variable investment accounts or a fixed account. As your investment preferences change, you have some flexibility to shift funds among these accounts with no transfer fees. 2 Things to consider before purchasing an SPIA How much money do you need to supplement your retirement income? Do you need to provide income for yourself only or for another person as well? Are you (and the other person) in good health? Are you interested in the safety of guaranteed income, or are you willing to take additional risk for the possibility of higher returns? 3 Do you want to receive income for a certain period of time, or for life? Do you want to ensure that your income will continue to someone else if you die prematurely? 1 Lifetime income is subject to TIAA-CREF Life s claims-paying ability. Payments from the variable accounts will rise or fall based on investment performance. 2 Some restrictions may apply. Please call us for details. 3 Past performance is no guarantee of future results. Investment return and principal value will fluctuate so your investment, when redeemed, could be worth more or less than the original cost. Single Premium Immediate Annuities 3

3 Your income choices Your fixed-period annuity choices You can set up your SPIA to pay you an income for a fixed period ranging from 5 to 30 years. (The fixed period cannot exceed the annuitant s life expectancy.) If you die before the end of the period chosen, income will continue to your beneficiaries until the end of the fixed period. A fixed-period annuity may be appropriate if you ll have income needs over a set time period, such as a mortgage or other expenses that will eventually be paid off. Setting up your SPIA to help meet your needs How much income you need and what kinds of guarantees you want are the most important issues to consider when purchasing your SPIA. When buying your SPIA, you ll need to decide how it will provide income and how you ll invest your assets. Choose your income First, do you want income to last for your lifetime or for only a certain number of years? 4 If you need lifetime income, you ll need to decide whether the income is needed for only you or for you and another person (your annuity partner). If you need income for only a fixed period of time, you ll need to decide how many years you want your payments to last (cannot exceed your life expectancy). Choose your investments Second, choose how to invest your savings. You can allocate your assets in fixed and variable investments to help you optimize your retirement portfolio to meet your income needs. A TIAA-CREF Life annuity representative can help you determine what s suitable for your unique life income needs. Your lifetime income annuity choices You can set up your SPIA to pay an income for life to you, or to you and your annuity partner. Once selected, the payout option may not be changed. When you purchase your SPIA, you can choose: A one-life annuity Guarantees you (only) income for as long as you live. A two-life annuity Guarantees lifetime income to you and, upon your death, your annuity partner. The level of income the surviving annuity partner receives depends on which option you choose: Full benefit to survivor Half benefit to annuity partner Two-thirds benefit to survivor Upon the death of either you or your annuity partner, the survivor will continue to receive the full amount of lifetime income. This is the only option in which income isn t reduced after a death. Upon your death, your annuity partner will receive lifetime income, but at half the amount you would have received had you lived. If your annuity partner dies before you, there is no reduction to your lifetime income. Upon the death of either you or your annuity partner, the survivor continues to receive lifetime income, but payments are twothirds of the amount that would have been received had you both lived. This is the only option that reduces your income if your annuity partner dies before you. Since this is an after-tax annuity, the portion of the annuity payment that represents earnings will be taxable as ordinary income tax. 4 Any guarantees under annuities issued by TIAA-CREF Life are subject to its claims-paying ability. Payments from the variable investment accounts will rise or fall based on their investment performance. Since this is an after-tax annuity, the portion of the annuity payment that represents earnings will be taxable as ordinary income tax. 4 Single Premium Immediate Annuities Single Premium Immediate Annuities 5

4 How your income can survive you Even if you, or you and your annuity partner, die prematurely, a guaranteed period can ensure that your named beneficiary will receive a portion of your lifetime income. A guaranteed period is available with both one-life annuities and two-life annuities. With a guaranteed period in place, your beneficiary will receive income for the rest of the guaranteed period if you, or you and your annuity partner, die before it ends. Guaranteed periods are not needed for Fixed-Period Annuities since the income will continue for the remainder of the period chosen should something happen to you. While you can generally choose from guaranteed periods of 10, 15 and 20 years, you cannot select a guaranteed period that would continue income beyond your life expectancy or that of your annuity partner or beneficiary. Next, choose how the assets in your SPIA are invested Once you open your SPIA, you ll need to decide how to invest 5 your annuity assets. How you invest these assets will determine the income that your SPIA generates for you. You can choose to receive your annuity income from the Fixed Account, from one or more of the variable investment accounts, or from a combination of both. You also choose how frequently you want to receive your payments monthly, quarterly, semiannually or annually. Fixed annuity income Income from the Fixed Account is guaranteed (subject to TIAA-CREF Life s claimspaying ability) and will remain the same for the life of the contract, provided you do not make any transfers to or from the Account. Variable annuity income Income from the variable investment accounts may offer a hedge against inflation due to the potential for higher returns. Your income may increase or decrease depending on the investment results of the underlying funds. You can choose to receive your income from one or more of the investment accounts described on the following pages. Income you receive from the variable accounts will change based on investment performance. You can choose to receive the same income for a year at a time, which may help you with your budget. Or if you prefer to see an immediate change to your income, you can choose to have your income adjusted monthly. Through monthly income changes, you re likely to see less dramatic increases or decreases to your income than with the annual change. Even if you start out one way, you can change to the other method for part or all of your income. Requests to alter your income revaluation method can be made at any time until the close of the markets (usually 4 p.m. ET) on the last business day in March, and are effective on March Please keep in mind that there are risks associated with investing in securities, including loss of principal. 6 Single Premium Immediate Annuities Single Premium Immediate Annuities 7

5 Your SPIA investment choices SPIA offers eight variable investment account options to diversify your annuity portfolio, as well as the Fixed Account, which provides a guaranteed competitive rate of interest. Remember, you can also choose to receive a combination of fixed and variable payments. And you can make transfers between the fixed and variable accounts. Some restrictions will apply to transfers. Guaranteed Fixed Account Domestic Equity Guaranteed mix of Bonds and Cash Value Blend Growth Large-Cap Large-Cap Value Fund W W Growth & Income Fund Small-Cap International Equity W W Social Choice Equity Fund Stock Index Fund Small-Cap Equity Fund Growth Equity Fund Value Blend Growth Large-Cap International Equity Fund Other Sector Specific Real Estate Securities Fund See the prospectus for more information on the variable investments. If you would like assistance choosing among the variable investment options, please call your annuity representative at There are risks associated with investing in securities, including loss of principal. Equity funds are subject to market risk, growth stocks may be more volatile than value stocks due to their relatively high valuations, and growth investing may fall out of favor with investors. Stocks paying relatively high dividends may significantly underperform other stocks during periods of rapid market appreciation. Small-cap stocks may have limited marketability and may be subject to more abrupt or erratic market movements than large-cap stocks. Funds that invest in foreign securities are subject to special risks, including currency fluctuation and political and economic instability. The real estate industry is subject to various risks including fluctuations in underlying property values, expenses and income, and potential environmental liabilities. Due to the fact that the social screens in the social choice funds exclude some investments, these funds may not be able to take advantage of the same opportunities or market trends as funds that do not use such criteria. Funds that invest in fixed-income securities are not guaranteed and are subject to interest rate, inflation, and credit risks. Changing your investment choices after you begin income Your investment preferences and needs may change over time. We recommend periodically checking your asset allocation to ensure you re on track with your goals. If needed, you can transfer income among the accounts free of charge while you are receiving annuity payments, subject to certain limitations and restrictions, in the following ways: from one variable investment account to another variable investment account; from a variable investment account to the Fixed Account; or from the Fixed Account to the variable investment accounts However, once assets are transferred from the Fixed Account to a variable investment account, those assets can never be switched back to the Fixed Account. Transfers from the investment accounts may be made once per calendar quarter. Transfers from the Fixed Account are available only under One-Life and Two-Life Annuities, once per calendar year for up to 20% of the future annuity payments, or all future annuity payments over five years. This flexibility allows you to: secure any potential gains by moving from a variable investment account to an account with a guarantee; respond to changing market conditions; and rebalance your asset allocation when you desire. For complete information on any of the income transfer options, call to speak with one of our annuity representatives. Tax treatment of annuity income Only the portion of each annuity payment attributable to interest and/or earnings is taxable. Generally, your principal is divided equally among the payments scheduled over your life expectancy or over the number of payments for a fixed period and returned to you tax free. The taxable portion of SPIA annuity payments is taxed as ordinary income. 8 Single Premium Immediate Annuities Single Premium Immediate Annuities 9

6 TIAA-CREF Life is here to help Let TIAA-CREF Life s experience help you through your retirement years. Your annuity representative can help you create an income stream and portfolio that s aligned with your goals. Guidance Our knowledgeable annuity representatives can help you assess your income needs, choose the right lifetime income stream for your current and future needs, and help you select your investment options within the annuity to help you meet your income needs. Our consultants will provide the guidance for your unique financial needs. Low expenses Our separate account contract charges are among the lowest cost in the industry. 6 Low expenses and no sales charges put more of your money to work for what matters most helping to achieve your supplemental income goals. Also, there are no fees to transfer your income to other investment choices as your financial needs change. 7 Investment strategy Our retirement-focused investment strategy is based on seeking to provide competitive, long-term performance while helping to protect principal through effective risk management. 8 Contact your TIAA-CREF Life annuity representative today or 6 According to Morningstar, the average annual annuity expense charge is 1.35% for all non-group variable annuity policies in Morningstar Direct as of 3/5/2014. TIAA-CREF Life s Single Premium Immediate Annuities total contract separate account charges are 0.60% (guaranteed maximum charges 1.20%). There are no other contract charges. 7 In addition to separate account contract charges there are investment fund expenses that range from 0.09% to 0.60%. 8 While risk management is a key strategy at TIAA-CREF Life, no strategy or investment policy can eliminate or anticipate all market risks. 10 Single Premium Immediate Annuities Single Premium Immediate Annuities 11

7 Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. You should carefully consider the investment objectives, risks, charges and expenses of the variable contract and its underlying investment options before investing. Please call or go to for current prospectuses that contain this and other information. Please read the prospectuses carefully before investing. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributes securities products. Single Premium Immediate Annuities contract form series: TCL-1009, TCL-1033, TCL-901, is issued by TIAA-CREF Life Insurance Company, 730 Third Avenue, New York, NY Each of the foregoing is solely responsible for its own financial condition and contractual obligations. Not available in all states. Annuity contracts contain exclusions, limitations, reductions of benefits and may contain terms for keeping them in force. We can provide you with costs and complete details TIAA-CREF Life Insurance Company (TIAA-CREF Life), 730 Third Avenue, New York, NY C17956A _ A12183-GENERIC (07/14)

How to make changes to your annuity income

How to make changes to your annuity income How to make changes to your annuity income What s inside 2 Your annuity income 4 TIAA Traditional annuity income 6 TIAA and CREF variable annuity income 9 Ways to adjust your annuity income 9 Transfer

More information

A guide to payment options for employees of tax-exempt institutions. 457(b) Deferred Compensation Plan. Income choices from TIAA-CREF

A guide to payment options for employees of tax-exempt institutions. 457(b) Deferred Compensation Plan. Income choices from TIAA-CREF A guide to payment options for employees of tax-exempt institutions 457(b) Deferred Compensation Plan Income choices from TIAA-CREF TIAA-CREF: leaders in retirement planning After you stop working for

More information

Lifetime retirement income

Lifetime retirement income Lifetime retirement income The foundation to seeking a secure future Retirement income options from TIAA-CREF TIAA-CREF understands that your financial priorities can change over time. This is why we

More information

Transfers and Withdrawals from the Tiaa Traditional annuity

Transfers and Withdrawals from the Tiaa Traditional annuity Transfers and Withdrawals from the Tiaa Traditional annuity Tiaa s Transfer Payout annuity This guide has information about moving funds out of the Tiaa Traditional annuity using the Transfer Payout annuity

More information

Understanding annuities

Understanding annuities Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Helping to protect your retirement income security from life s uncertainties. The retirement

More information

SAVING FOR RETIREMENT. The ROTH

SAVING FOR RETIREMENT. The ROTH SAVING FOR RETIREMENT The ROTH CONTRIBUTION Option ABOUT TIAA-CREF TIAA-CREF is dedicated to serving the retirement needs of those in the academic, medical, cultural and research fields. We are committed

More information

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL

SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL SYSTEMATIC WITHDRAWALS AND TRANSFERS FROM TIAA TRADITIONAL THE TIAA TRADITIONAL ANNUITY The TIAA Traditional Annuity is a guaranteed annuity backed by TIAA s claims-paying ability. In the accumulation

More information

The Intelligent Life

The Intelligent Life TIAA-CREF Life Insurance Company The Intelligent Life Advantage A family of life insurance policies designed to help meet a lifetime of needs Designed to meet a lifetime of needs When it comes to life

More information

Making Your Money Last

Making Your Money Last U.S. INVESTMENT POLICY GUIDANCE REPORT Making Your Money Last Everyone has individual retirement goals, but we all have one in common: ensuring our money lasts throughout retirement. Even a well-designed

More information

Understanding Annuities: A Lesson in Variable Annuities

Understanding Annuities: A Lesson in Variable Annuities Understanding Annuities: A Lesson in Variable Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income

More information

AGE 12. ANNUITIES, Plain & Simple. Income is the Name of the Game!

AGE 12. ANNUITIES, Plain & Simple. Income is the Name of the Game! ANNUITIES, Plain & Simple This editorial will tell you why annuities are an important part of your plan for retirement. It will use simple language and terms, and go over practical reasons why annuities

More information

Managing Your Beneficiaries Inheritances

Managing Your Beneficiaries Inheritances Managing Your Beneficiaries Inheritances A Predetermined Beneficiary Payout Option 8/13 23220-13A You re in Control With the Predetermined Beneficiary Payout Option, you have the flexibility to choose

More information

Annuities The Key to a

Annuities The Key to a Annuities The Key to a Secure Retirement 1 Saving for retirement is crucial, and making sure those resources last throughout your lifetime is just as important. Annuities do both helping you save, then

More information

Variable annuities. A tax-advantaged way to save for retirement

Variable annuities. A tax-advantaged way to save for retirement Variable annuities A tax-advantaged way to save for retirement Common terms Annuitant The person (may be the same as the contract owner) whose life expectancy is used to calculate the income payment amount

More information

4-Step Guide to Life Insurance

4-Step Guide to Life Insurance TIAA-CREF Life Insurance Company 4-Step Guide to Life Insurance Our promise to help you protect what matters most At TIAA-CREF, we understand the need for life insurance our promise is to help you make

More information

Payouts. Protection. In One Place.

Payouts. Protection. In One Place. Payouts. Protection. In One Place. ING Single Premium Immediate Annuity issued by ING USA Annuity and Life Insurance Company Your future. Made easier. Payouts. Protection. In today s financial world, some

More information

Understanding Annuities

Understanding Annuities Understanding Annuities Annuities ARE NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY MAY LOSE VALUE ARE NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE IFS-A092313 Ed. 01/2005 Letter

More information

LIVING WELL IN RETIREMENT MAKING THE MOST OF YOUR RETIREMENT HOW TO CHOOSE THE RIGHT INCOME OPTIONS FOR YOU

LIVING WELL IN RETIREMENT MAKING THE MOST OF YOUR RETIREMENT HOW TO CHOOSE THE RIGHT INCOME OPTIONS FOR YOU LIVING WELL IN RETIREMENT MAKING THE MOST OF YOUR RETIREMENT HOW TO CHOOSE THE RIGHT INCOME OPTIONS FOR YOU TIAA-CREF: Helping to provide you A GUARANTEED income for life For more than 90 years, we at

More information

CHAPTER 10 ANNUITIES

CHAPTER 10 ANNUITIES CHAPTER 10 ANNUITIES are contracts sold by life insurance companies that pay monthly, quarterly, semiannual, or annual income benefits for the life of a person (the annuitant), for the lives of two or

More information

Voya Single Premium Immediate Annuity

Voya Single Premium Immediate Annuity Voya Single Premium Immediate Annuity issued by Voya Insurance and Annuity Company Payouts. Protection. In One Place. Payouts. Protection. In One Place. In today s financial world, some products provide

More information

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF

Your fiscal fitness review. Financial wellness tips, tools and checklists from TIAA-CREF Your fiscal fitness review Financial wellness tips, tools and checklists from TIAA-CREF Keeping fiscally fit is more important than ever before No matter where you are in your life and career, chances

More information

CONSIDERING A PENSION PAYOUT

CONSIDERING A PENSION PAYOUT CONSIDERING A PENSION PAYOUT Seven decision factors to help you determine whether to continue pension benefits or take a lump sum payout. 180k 160 140 120 100 80 60 40 20 0 1990 1995 2000 1985 2005 KEY

More information

TIAA TRADITIONAL ANNUITY PRODUCT COMPARISON NOVEMBER 2008

TIAA TRADITIONAL ANNUITY PRODUCT COMPARISON NOVEMBER 2008 TIAA TRADITIONAL ANNUITY PRODUCT COMPARISON NOVEMBER 2008 PRODUCT OBJECTIVE To provide safety of principal, stability, guaranteed minimum interest crediting rates, plus the potential for additional amounts

More information

Rensselaer Polytechnic Institute Tax Deferred Annuity Program

Rensselaer Polytechnic Institute Tax Deferred Annuity Program - Financial Services for The Greater Good : Rensselaer Polytechnic Institute Tax Deferred Program QUARTERLY PERFORMANCE Rensselaer Polytechnic Institute Tax Deferred Program As of 06/30/2008 The performance

More information

MetLife Income Annuity SM

MetLife Income Annuity SM MetLife Income Annuity SM Predictable income that lasts as long as you live Single Premium Immediate Annuity is issued by MetLife Investors USA Insurance Company and in New York, only by First MetLife

More information

Income Plus Variable Annuity

Income Plus Variable Annuity Just the facts about New York Life... Income Plus Variable Annuity What is the New York Life Income Plus Variable Annuity? 1 Why should I consider Income Plus with the Guaranteed Future Income Benefit

More information

Make your money last through your retirement

Make your money last through your retirement Make your money last through your retirement symetra advantage income immediate annuity Not a bank or credit union deposit or obligation Not FDIC or NCUA/NCUSIF insured Not insured by any federal government

More information

Important Information about your Annuity Investment

Important Information about your Annuity Investment Robert W. Baird & Co. Incorporated Important Information about your Annuity Investment What is an Annuity Contract? An annuity is a contract between you and an insurance company, under which you make a

More information

Caution: Withdrawals made prior to age 59 ½ may be subject to a 10 percent federal penalty tax.

Caution: Withdrawals made prior to age 59 ½ may be subject to a 10 percent federal penalty tax. Annuity Distributions What are annuity distributions? How are annuity distributions made? How are your annuity payouts computed if you elect to annuitize? Who are the parties to an annuity contract? How

More information

Metropolitan Life Insurance Company

Metropolitan Life Insurance Company Metropolitan Life Insurance Company FIXED INCOME ANNUITY QUESTIONS & ANSWERS Important Information about Fixed Income Annuities for FRS Investment Plan Participants This information will help you decide

More information

The individual. A Resource for Your Retirement

The individual. A Resource for Your Retirement Retirement today requires more planning than for previous generations. Americans are living longer many will live 20 to 30 years or more in retirement. Finding a way to make savings last over such a long

More information

Understanding Annuities

Understanding Annuities Understanding Annuities Annuities issued by Pruco Life Insurance Company (in New York, issued by Pruco Life Insurance Company of New Jersey) and The Prudential Insurance Company of America. 0160994-00006-00

More information

Your Guide to 403(b) Tax-Deferred Annuity Voluntary Savings Plans

Your Guide to 403(b) Tax-Deferred Annuity Voluntary Savings Plans Your Guide to 403(b) Tax-Deferred Annuity Voluntary Savings Plans How much can you contribute in 2015? Tax-Deferred Annuity Plans ( TDA Plans ) are voluntary savings plans that help you build the extra

More information

Guggenheim Life and Annuity Company. Provider Single Premium Immediate Annuity Product

Guggenheim Life and Annuity Company. Provider Single Premium Immediate Annuity Product Guggenheim Life and Annuity Company Provider Single Premium Immediate Annuity Product Reaching retirement is an achievement. But once you re there, will you have a regular, steady income that will last

More information

Annuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options

Annuity Principles and Concepts Session Five Lesson Two. Annuity (Benefit) Payment Options Annuity Principles and Concepts Session Five Lesson Two Annuity (Benefit) Payment Options Life Contingency Options - How Income Payments Can Be Made To The Annuitant. Pure Life versus Life with Guaranteed

More information

The Individual Annuity

The Individual Annuity The Individual Annuity a resource in your retirement an age of Decision Retirement today requires more planning than for previous generations. Americans are living longer many will live 20 to 30 years

More information

A GUIDE TO INVESTING IN ANNUITIES

A GUIDE TO INVESTING IN ANNUITIES A GUIDE TO INVESTING IN ANNUITIES What Benefits Do Annuities Offer in Planning for Retirement? Oppenheimer Life Agency, Ltd. Oppenheimer Life Agency, Ltd., a wholly owned subsidiary of Oppenheimer & Co.

More information

The Individual Annuity

The Individual Annuity The Individual Annuity a re s o u rc e i n yo u r r e t i r e m e n t an age of Decision Retirement today requires more planning than for previous generations. Americans are living longer many will live

More information

Understanding fixed index annuities

Understanding fixed index annuities Allianz Life Insurance Company of North America Understanding fixed index annuities M-5217 Page 1 of 12 Page 2 of 12 It s time to rethink retirement. In past years, the financial markets have experienced

More information

Life insurance in retirement LOOKING LONG-TERM

Life insurance in retirement LOOKING LONG-TERM Life Insurance in Retirement Program Life insurance in retirement LOOKING LONG-TERM Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products

More information

Understanding Annuities

Understanding Annuities Retirement Planning Understanding Annuities Learn how these versatile investments can be part of your strategy for retirement savings and income. understanding annuities Annuities can help provide the

More information

The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT

The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT The Hartford Saver Solution SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT THE HARTFORD SAVER SOLUTION SM FIXED INDEX ANNUITY DISCLOSURE STATEMENT This Disclosure Statement provides important information

More information

Guaranteed Lifetime Income Annuities

Guaranteed Lifetime Income Annuities THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY (NORTHWESTERN MUTUAL) Guaranteed Lifetime Income Annuities Guaranteed Income Today Select Immediate Income Annuity Select Portfolio Immediate Income Annuity

More information

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 Investment Adviser: RidgeWorth Investments A Shares C Shares I Shares Aggressive Growth Allocation Strategy SLAAX CLVLX CVMGX Conservative

More information

Palladium Single Premium Immediate Annuity With

Palladium Single Premium Immediate Annuity With Palladium Single Premium Immediate Annuity With Cost Of Living Adjustment Income For Now... Guaranteed Income For Life! A Single Premium Immediate Annuity Issued By Income for Your Needs Now and in the

More information

Understanding Annuities: A Lesson in Indexed Annuities

Understanding Annuities: A Lesson in Indexed Annuities Understanding Annuities: A Lesson in Indexed Annuities Did you know that an annuity can be used to systematically accumulate money for retirement purposes, as well as to guarantee a retirement income that

More information

Should Americans Be Insuring Their Retirement Income?

Should Americans Be Insuring Their Retirement Income? A CASE STUDY Should Americans Be Insuring Their Retirement Income? 1/ 8 0230382-00004-00 Ed. 07/2013 With continuing volatility in the financial markets and interest rates hovering at unprecedented lows,

More information

How can an annuity help with retirement PLANNING?

How can an annuity help with retirement PLANNING? SUN LIFE FINANCIAL S GUIDE TO UNDERSTANDING ANNUITIES How can an annuity help with retirement PLANNING? You ve done a good job planning for retirement and have taken advantage of a 401(k) or IRA. You know

More information

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency

No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency Understanding annuities An Overview for Your Retirement No bank guarantee Not a deposit May lose value Not FDIC/NCUA insured Not insured by any federal government agency 2/15 13096-15A Contents Get Ready

More information

YOUR PERSONAL FINANCIAL ORGANIZER

YOUR PERSONAL FINANCIAL ORGANIZER YOUR PERSONAL FINANCIAL ORGANIZER WHAT'S INSIDE INTRODUCTION: UNDERSTANDING YOUR FINANCIAL ORGANIZER...1 I. FIGURING YOUR FINANCES...2 Net Worth Analysis...2 Cash Flow Analysis...4 II. GOALS, PRODUCTS

More information

AFAdvantage Variable Annuity

AFAdvantage Variable Annuity AFAdvantage Variable Annuity from May 1, 2013 AFAdvantage Variable Annuity issued by American Fidelity Separate Account B and American Fidelity Assurance Company PROSPECTUS May 1, 2013 American Fidelity

More information

Lifetime Retirement Planning with Wells Fargo Advisors Income guarantees for your retirement savings

Lifetime Retirement Planning with Wells Fargo Advisors Income guarantees for your retirement savings Lifetime Retirement Planning with Wells Fargo Advisors Income guarantees for your retirement savings Get there. Your way. Lifetime Retirement Planning with Wells Fargo Advisors 1 Guaranteed income for

More information

Creating future lifetime income with Deferred Income Annuities

Creating future lifetime income with Deferred Income Annuities Creating future lifetime income with Deferred Income Annuities Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments

More information

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow

The IBM 401(k) Plus Plan. Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Invest today for what you hope to accomplish tomorrow The IBM 401(k) Plus Plan Dollar-for-dollar company match, automatic company contributions, broad range of investment options

More information

Overview. Retirement Plan

Overview. Retirement Plan Overview Retirement Plan Retirement Plan 74 Regardless of your age, the time for thinking about retirement is now. With careful planning, you can help make your retirement years a more comfortable and

More information

For high-yield bonds, market volatility can bring new opportunities

For high-yield bonds, market volatility can bring new opportunities Investment Perspectives For high-yield bonds, market volatility can bring new opportunities Kevin Lorenz and Jean Lin, portfolio managers for TIAA-CREF High-Yield Fund Article Highlights: The decline in

More information

PLACEHOLDER IMAGE Replace with Photography. Your guide to Tax-Deferred Annuities or Voluntary Savings Plans. How much can you contribute?

PLACEHOLDER IMAGE Replace with Photography. Your guide to Tax-Deferred Annuities or Voluntary Savings Plans. How much can you contribute? PLACEHOLDER IMAGE Replace with Photography Your guide to Tax-Deferred Annuities or Voluntary Savings Plans How much can you contribute? Saving for retirement is one of your most important financial goals.

More information

The owner is usually the purchaser of the policy. However, the owner may also acquire the policy by gift, sale, exchange, or bequest.

The owner is usually the purchaser of the policy. However, the owner may also acquire the policy by gift, sale, exchange, or bequest. Annuity Ownership Considerations What is an annuity owner? What are the owner's rights? Who should be the owner? What if the owner dies? Is the annuity includable in the owner's estate? What risks does

More information

Marblehead Financial Services

Marblehead Financial Services Marblehead Financial Services Bill Bartin, CFP Located at Marblehead Bank 21 Atlantic Avenue Marblehead, MA 01945 781-476-0600 781-715-4629 wbartin@infinexgroup.com Annuities Page 1 of 7, see disclaimer

More information

Annuity. West Coast Life. Income Advantage Plus. An Immediate Income Annuity Issued by West Coast Life Insurance Company.

Annuity. West Coast Life. Income Advantage Plus. An Immediate Income Annuity Issued by West Coast Life Insurance Company. West Coast Life Annuity Income Advantage Plus An Immediate Income Annuity Issued by West Coast Life Insurance Company Product Guide WCLAC.1045.02.07 (03/07) A New Vision of Retirement Planning for retirement

More information

Pacific. Income Provider. A Single-Premium, Immediate Fixed Annuity for a Confident Retirement. Client Guide 9/15 80002-15A

Pacific. Income Provider. A Single-Premium, Immediate Fixed Annuity for a Confident Retirement. Client Guide 9/15 80002-15A Pacific Income Provider A Single-Premium, Immediate Fixed Annuity for a Confident Retirement 9/15 80002-15A Client Guide Why Pacific Life Pacific Life has more than 145 years of experience, and we remain

More information

INCOME PLANNING FOR YOUR LIFETIME. THE FACTS ON ANNUITIES

INCOME PLANNING FOR YOUR LIFETIME. THE FACTS ON ANNUITIES { INCOME PLANNING FOR YOUR LIFETIME. } THE FACTS ON ANNUITIES ANNUITIES: INCOME PLANNING FOR YOUR LIFETIME Whether you are dreaming of golfing in Arizona or traveling around the world, a financially comfortable

More information

The Hartford Saver Solution Choice SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT

The Hartford Saver Solution Choice SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT The Hartford Saver Solution Choice SM A FIXED INDEX ANNUITY DISCLOSURE STATEMENT THE HARTFORD SAVER SOLUTION CHOICE SM FIXED INDEX ANNUITY DISCLOSURE STATEMENT This Disclosure Statement provides important

More information

Variable Annuity. Variable Product Series. Building your future with a secure partner SM. Kansas City Life Insurance Company

Variable Annuity. Variable Product Series. Building your future with a secure partner SM. Kansas City Life Insurance Company Variable Annuity Variable Product Series Building your future with a secure partner SM Kansas City Life Insurance Company Variable Annuity Features at a Glance Minimum Deposit $5,000 minimum single deposit

More information

INVESTMENT AND PLANNING SOLUTIONS. Redefine your means in retirement. Member FINRA/SIPC

INVESTMENT AND PLANNING SOLUTIONS. Redefine your means in retirement. Member FINRA/SIPC INVESTMENT AND PLANNING SOLUTIONS Redefine your means in retirement Member FINRA/SIPC INVESTMENT AND PLANNING SOLUTIONS More guaranteed income to count on when you need it to count. It s taking that second

More information

The Nature of Annuities

The Nature of Annuities The Nature of Annuities A n annuity is a stream of periodic payments. Start with a lump sum of money, pay it out in equal installments over a period of time until the original fund is exhausted, and you

More information

Life Insurance Review Using Legacy Advantage SUL Insurance Policy

Life Insurance Review Using Legacy Advantage SUL Insurance Policy Using Legacy Advantage SUL Insurance Policy Supplemental Illustration Prepared by: MetLife Agent 200 Park Ave. New York, NY 10166 Insurance Products: Not A Deposit Not FDIC-Insured Not Insured By Any Federal

More information

Is Your Financial Portfolio an Unfinished Work? Color It with a Life Insurance Retirement Plan Protection Now, Income Later

Is Your Financial Portfolio an Unfinished Work? Color It with a Life Insurance Retirement Plan Protection Now, Income Later Life Insurance Client Guide The Art of Retirement Is Your Financial Portfolio an Unfinished Work? Color It with a Life Insurance Retirement Plan Protection Now, Income Later AD-OC-770D 1 Picture Your Future

More information

Resource Guide. Creating a plan for lifetime income in retirement

Resource Guide. Creating a plan for lifetime income in retirement Resource Guide Creating a plan for lifetime income in retirement Freedom in retirement starts with income in retirement When it comes to planning for your future, nothing should be left to chance. That

More information

Allianz MasterDex 10 Plus Annuity

Allianz MasterDex 10 Plus Annuity Allianz Life Insurance Company of North America Allianz MasterDex 10 SM Plus Annuity Start building today the life you want tomorrow CB51288-03 Page 1 of 16 Discover the MasterDex 10 Plus SM Annuity from

More information

Understanding Variable Annuities

Understanding Variable Annuities JUNE 2015 5 Benefits and Features of a Variable Annuity 9 Other Features, Benefits and Considerations 12 Before You Decide to Buy a Variable Annuity Understanding Variable Annuities What is a Variable

More information

Important Information about your Annuity

Important Information about your Annuity Robert W. Baird & Co. Incorporated Important Information about your Annuity Annuities are long-term investments that may help you meet or supplement your retirement and other long-term goals. Annuities

More information

Advanced Wealth Transfer Strategies

Advanced Wealth Transfer Strategies Family Limited Partnerships (FLPS) Advanced Wealth Transfer Strategies The American Taxpayer Relief Act of 2012 established a permanent gift and estate tax exemption of $5 million, which is adjusted annually

More information

SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS

SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS SAVING FOR RETIREMENT LOANS FROM YOUR RETIREMENT ACCOUNTS TABLE OF CONTENTS 02 Borrowing Limits and Collateral 03 Getting Your Loan 05 Repaying Your Loan 09 Retirement, Group Retirement, Retirement Choice

More information

The Broker s Sales Guide to an Individual Fixed Annuity from The Standard

The Broker s Sales Guide to an Individual Fixed Annuity from The Standard Tailored Income Annuity The Broker s Sales Guide to an Individual Fixed Annuity from The Standard With a Tailored Income Annuity you ll find a retirement income to suit your needs. standard insurance company

More information

Executive Compensation Strategies. For Academic, Medical, Research and Cultural Institutions

Executive Compensation Strategies. For Academic, Medical, Research and Cultural Institutions Executive Compensation Strategies For Academic, Medical, Research and Cultural Institutions For institutional investor use only. Not for use with or distribution to the public. TIAA-CREF: A leading provider

More information

NAIC Buyer s Guide for Fixed Deferred Annuities

NAIC Buyer s Guide for Fixed Deferred Annuities NAIC Buyer s Guide for Fixed Deferred Annuities It s important that you understand how annuities can be different from each other so you can choose the type of annuity that s best for you. The purpose

More information

One Day I will understand how my retirement plan can help me work toward my goals. One Day is Today! LEARN MORE ABOUT YOUR RETIREMENT PLAN

One Day I will understand how my retirement plan can help me work toward my goals. One Day is Today! LEARN MORE ABOUT YOUR RETIREMENT PLAN One Day I will understand how my retirement plan can help me work toward my goals. One Day is Today! LEARN MORE ABOUT YOUR RETIREMENT PLAN Retirement Preparation Importance of retirement preparation Major

More information

Advisor s Edge Variable Annuity Product Guide

Advisor s Edge Variable Annuity Product Guide Advisor s Edge Variable Annuity Product Guide Advisor s Edge Product Guide Annuities issued by: Monumental Life Insurance Company Cedar Rapids, IA Underwritten and distributed by Transamerica Capital,

More information

Variable Annuity Investment Options

Variable Annuity Investment Options Variable Annuity Investment Options Commonwealth Annuity offers a comprehensive range of investment options to help you build a diversified portfolio. Our investment options at a glance. Commonwealth Annuity

More information

Teachers Retirement System of the City of New York. TDA Program Summary. Tax-Deferred Annuity Program

Teachers Retirement System of the City of New York. TDA Program Summary. Tax-Deferred Annuity Program Teachers Retirement System of the City of New York TDA Program Summary Tax-Deferred Annuity Program Tax-Deferred Annuity Program Teachers Retirement System of the City of New York TRS Tax-Deferred Annuity

More information

Steadily growing, safe and secure. Financial values your future can count on.

Steadily growing, safe and secure. Financial values your future can count on. Steadily growing, safe and secure. Financial values your future can count on. Retirement: built by you, grown by you 2 enjoyed by you. Let s not pretend that your retirement will be like anyone else s.

More information

Basic Facts about Variable Annuities

Basic Facts about Variable Annuities Basic Facts about Variable Annuities Variable annuities are long-term investment vehicles that provide a unique combination of insurance and investment features. Fundamentally, a variable annuity is an

More information

ANNUITIES INCOME. MetLife Guaranteed Income Builder SM INCOME. for. Life Living You

ANNUITIES INCOME. MetLife Guaranteed Income Builder SM INCOME. for. Life Living You ANNUITIES INCOME MetLife Guaranteed Income Builder SM INCOME for Life Living You THE STRENGTH OF METLIFE MetLife meets the challenges of today by drawing upon a long history of success. For over 140 years,

More information

Advisor s Edge Variable Annuity Product Guide Effective July 1, 2015

Advisor s Edge Variable Annuity Product Guide Effective July 1, 2015 Advisor s Edge Variable Annuity Product Guide Effective July 1, 2015 Advisor s Edge Product Guide Annuities issued by Transamerica Premier Life Insurance Company Cedar Rapids, IA. Annuities are underwritten

More information

Focused Growth Annuity 5, 6, 7 And 10

Focused Growth Annuity 5, 6, 7 And 10 Focused Growth Annuity 5, 6, 7 And 10 A Rewarding Combination Of Safety, Tax Deferral And Choice Standard Insurance Company Focused Growth Annuity 5, 6, 7 And 10 A Deferred Annuity Is An Insurance Contract

More information

The Hartford Income Security SM

The Hartford Income Security SM The Hartford Income Security SM A Fixed Deferred Payout Annuity Prepare To Live SM For Use In All States, Except Florida Start Building Your Future Income Today There s never been a better time to begin

More information

YOUR GUIDE TO. Understanding life insurance

YOUR GUIDE TO. Understanding life insurance YOUR GUIDE TO Understanding Making life less complicated. Most people know that can provide their families with a death benefit if the unexpected should happen. But they may not know that it can also be

More information

Understanding with profits. With Profits Pension Annuity

Understanding with profits. With Profits Pension Annuity Understanding with profits With Profits Pension Annuity This booklet tells you how we manage our With Profits Pension Annuity business only. There are separate Understanding With Profits booklets for other

More information

ADVISOR USE ONLY PAYOUT ANNUITY. Overcoming objections. Life s brighter under the sun

ADVISOR USE ONLY PAYOUT ANNUITY. Overcoming objections. Life s brighter under the sun ADVISOR USE ONLY PAYOUT ANNUITY Overcoming objections Life s brighter under the sun Overview Payout annuities are a powerful retirement tool and have been an important product for many years. They re sometimes

More information

Guide to buying annuities

Guide to buying annuities Guide to buying annuities Summary of the key points contained in this disclosure document Before you purchase your annuity contract, make sure that you read and understand this guide. While reading this

More information

Life Insurance Review. Ensuring life insurance coverage meets today s goals. Life. your way

Life Insurance Review. Ensuring life insurance coverage meets today s goals. Life. your way Life Insurance Review Ensuring life insurance coverage meets today s goals Life. your way SM Life. your way Strive to live your dream and plan for the if in life. Discover the flexibility of life insurance

More information

longevity Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version ANNUITIES income

longevity Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version ANNUITIES income ANNUITIES income longevity SM Income Guarantee a safety net of lifetime income for later in life Flexible Access Version Maximum Income Version MetLife Investors Longevity Income Guarantee SM is issued

More information

Buyer s Guide for. Deferred Annuities. For personal, non-commercial use only.

Buyer s Guide for. Deferred Annuities. For personal, non-commercial use only. Buyer s Guide for Deferred Annuities Prepared by the NAIC National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory

More information

LIFE INSURANCE. Life Insurance as an Asset. From Peanuts Char. Portfolio 2002 WO_15A. A New Look. Fr om Peanuts Collection II Fall/Winter CD.

LIFE INSURANCE. Life Insurance as an Asset. From Peanuts Char. Portfolio 2002 WO_15A. A New Look. Fr om Peanuts Collection II Fall/Winter CD. LIFE INSURANCE Life Insurance as an Asset Fr om Peanuts Collection II Fall/Winter CD From Peanuts Char. Portfolio 2002 WO_15A A New Look on Life a valuable component financial of your portfolio Life insurance

More information

FREEDOM TO ENJOY YOUR FUTURE

FREEDOM TO ENJOY YOUR FUTURE FREEDOM TO ENJOY YOUR FUTURE SYMETRA FREEDOM INCOME ANNUITY Not a bank or credit union deposit or obligation Not FDIC or NCUA/NCUSIF insured Not insured by any federal government agency Not guaranteed

More information

Allianz MasterDex 5 Plus Annuity

Allianz MasterDex 5 Plus Annuity Allianz Life Insurance Company of North America Allianz MasterDex 5 SM Plus Annuity Make your plans. Then make them happen. CB51261-3 Page 1 of 16 Discover the MasterDex 5 Plus SM Annuity from Allianz.

More information

Buyer s Guide for Deferred Annuities Fixed. Table of Contents

Buyer s Guide for Deferred Annuities Fixed. Table of Contents Buyer s Guide for Deferred Annuities Fixed Table of Contents What Is an Annuity?...2 When Annuities Start to Make Income Payments... 2 How Deferred Annuities Are Alike... 2 How Deferred Annuities Are Different...

More information

Buyer s Guide for. Deferred Annuities. Fixed

Buyer s Guide for. Deferred Annuities. Fixed Buyer s Guide for Deferred Annuities Fixed Prepared by the NAIC National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance

More information

Buyer s Guide for. Deferred Annuities

Buyer s Guide for. Deferred Annuities Buyer s Guide for Deferred Annuities Prepared by the NAIC National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory

More information