# An Overview of Annuities

Save this PDF as:

Size: px
Start display at page:

## Transcription

3 designed for investors who want to limit their downside risk while seeking to participate in the potential benefits of a market-linked vehicle. The index used, the formula that determines the indexed rate, and the guaranteed minimum value can vary from insurer to insurer and product to product. Crediting method The crediting method is the formula used to measure the change in the underlying index. Two common crediting methods are point-to-point and performance trigger, as described below: Point-to-Point Indexed interest is applied to the contract value at the end of a selected period of time (e.g., at the end of one or two years). Indexed interest is calculated as the percentage of change in the selected index over the selected period of time subject to a cap and a minimum of 0%. The cap may be reset for each new period of time but will never be less than the minimum declared in the contract. There are three potential outcomes at the end of the selected period of time: the percentage change in the index is greater than the cap, the percentage change in the index is positive but less than or equal to the cap, or the percentage change in the index is negative. Below is an example of each outcome: Positive Index Change Greater than Cap Example: o Purchase payment = \$100,000 o Annual point-to-point crediting method o Index at time of purchase = 1000 o 3% Cap o Value of underlying index at end of 1 st year = 1100 o Change in index ( = 100) divided by the index value at purchase (1000) equals a 10% increase. o Since the 10% increase is greater than the 3% cap, the contract value will only be increased by 3% to \$103,000. Positive Index Change Less than Cap Example: o Purchase payment = \$100,000 o Annual point-to-point crediting method o Index at time of purchase = 1000 o 3% Cap o Value of underlying index at end of 1 st year = 1020 o Change in index ( = 20) divided by the index value at purchase (1000) equals a 2% increase. o Since the 2% increase is less than the 3% cap, the contract value will be increased by the full 2% to \$102,000. Negative Index Change Example: o Purchase payment = \$100,000 o Annual point-to-point crediting method o Index at time of purchase = 1000 o 3% Cap o Value of underlying index at end of 1 st year = 950 o Change in index ( = -50) divided by the index value at purchase (1000) equals a 5% decrease. o Since the 5% decrease is less than 0, the contract value will remain the same at \$100,000.

4 Performance Trigger A new specified rate is declared at the beginning of each contract year but will never be less than the minimum declared in the contract. If the performance of the selected index is zero or positive at the end of one year, then the specified rate will be credited to the contract. If the performance is negative, then 0% is credited to the account. Below is an example of each outcome: Positive Index Change Example: o Purchase payment = \$100,000 o Annual performance trigger crediting method o Index at time of purchase = 1000 o Declared Performance Trigger rate at purchase = 3% o Value of underlying index at end of 1 st year = 1100 o Since the underlying index increased, the contract value will be increased by the 3% declared performance trigger rate to \$103,000. Negative Index Change Example: o Purchase payment = \$100,000 o Annual performance trigger crediting method o Index at time of purchase = 1000 o Declared Performance Trigger rate at purchase = 3% o Value of underlying index at end of 1st year = 950 o Since the underlying index decreased, the contract value will remain the same at \$100,000. Some fixed and indexed annuities may offer an optional guaranteed minimum withdrawal benefit that guarantees annual withdrawals of a certain percentage for your life, or for the life of you and your spouse, if you begin taking these withdrawals after a specified age, typically age 59½. If elected, the annual fee for the benefit will be subtracted from the contract value. Variable Annuities During the savings phase, a variable annuity offers a wide range of fixed- and variable-investment options with different objectives and strategies. The value of your variable annuity will vary depending on the performance of the investment options you choose. The variable-investment options are professionally managed portfolios ( subaccounts ) that typically invest in various asset classes that may include stocks, bonds, and money-market instruments. Although the subaccounts within variable annuities are similar in many respects to mutual funds, fees and expenses may differ. Like mutual funds, you bear all the investment risk for amounts allocated to the variable-investment options. Tax-Free Transfers You may transfer your money from one subaccount to another, or to a fixed account, within a variable annuity without paying current taxes on any earnings you have made. If market conditions change, for example, you may reallocate money among the investment options without worrying about current taxes. Transfers are subject to any limitations imposed by the annuity/insurance company in the prospectus and by Citigroup Global Markets Inc. Death Benefits Most variable annuity contracts include a standard death benefit where your beneficiary is guaranteed to receive a specified amount typically, the greater of the current contract value or the amount of your purchase payments less the effect of withdrawals. However, some variable annuity contracts may only provide the current

7 The allocation within your variable annuity may change over time due to changing market conditions. Most variable annuities offer programs that automatically rebalance your portfolio back to your original desired allocation. You select the frequency for rebalancing your portfolio when you set up the program. Note: Dollar-cost averaging and automatic rebalancing do not assure a profit or protect against a loss. Before beginning a dollar-cost averaging program, you should consider your ability to continue purchases through periods of fluctuating price levels.

10 surrender charge reaches zero. Generally, the longer the surrender charge schedule, the lower the contract fees. Most contracts will begin a new surrender charge period for each subsequent purchase payment. Variable annuities surrender charges vary by contract type. Typical surrender charges are summarized in the table below. Please read the prospectus carefully with regard to the applicable surrender charges and surrender schedules for your annuity contract. Type of Variable Annuity Fees or Charges B Share Annuities Impose a declining surrender schedule averaging six to eight years. Premium-enhanced or Bonus Annuities Include a premium enhancement or purchase payment credit, typically ranging from 2% to 6%, which will be considered earnings upon withdrawal. Usually have higher fees and/or longer surrender periods than other B-share annuities. L Share Annuities Impose a shorter surrender-charge schedule (three or four years), but typically have higher charges than similar B- share annuities. C Share Annuities Offer full liquidity at any time without the front-end or backend surrender charges but typically have higher fees. Generally, B Share or Bonus annuities are the lowest-cost alternative among the alternatives listed above provided you are willing to keep your investment until the end of the surrender period. However, if you value the option to access your money earlier, you may prefer the shorter surrender period alternative. You should read the description of costs, including the applicable surrender schedule in the variable annuity prospectus, carefully before you decide to invest. You should weigh the higher costs of variable annuities versus the benefits before you invest. Also, since annuity terms differ and not all variable annuities offer the benefits described above, you should understand the features, benefits and costs of the variable annuity you are considering. You can find this information in the prospectus for the variable annuity. Please read it carefully before you invest.

14 Compensation We Receive from Providers CGMI and other Citi affiliates receive from certain approved providers or their parent or affiliated companies compensation in the form of commissions and other fees for providing traditional brokerage services, including related research and advisory support, and for purchases and sales of securities for their own portfolios or the portfolios of subaccount investment companies. CGMI and other Citi affiliates also receive other compensation from certain approved providers or their parent or affiliated companies for financial services performed for the benefit of such companies. We prohibit linking the determination of the amount of such brokerage commissions and service fees charged to an approved provider or its parent or affiliated company to the aggregate values of our overall variable product sales or client holdings of these products or to offset the revenue-sharing or expense reimbursements described above. Moreover, such brokerage commissions and other service fees are not paid to or shared with our variable products business units. For additional information on a particular provider s payment and compensation practices, please refer to the provider s product prospectus and statement of additional information.

18 2012 Citigroup Global Markets Inc. ( CGMI ), member SIPC. Securities offered through Citigroup Global Markets Inc. ( CGMI ), member SIPC. In the United States, insurance is offered through Citigroup Life Agency LLC ( CLA ). In California, CLA does business as Citigroup Life Insurance Agency, LLC (license number 0G56746). CGMI, CLA and Citibank, N.A. are affiliated companies under the common control of Citigroup Inc. Citi and Citi with Arc design are registered service marks of Citigroup Inc. and its affiliates and are used and registered throughout the world CPWM20 09/12

### An Overview of Variable Annuities

An Overview of Variable Annuities Why Consider a Variable Annuity? A variable annuity is a long-term investment designed for retirement purposes or other longrange goals and provides the ability to accumulate

### Understanding Variable Annuities

Understanding Variable Annuities June 2011 This reference document is being provided by Morgan Stanley Smith Barney solely to provide a general overview of variable annuities, and is not meant to describe

### FYI * in brief 4th quarter 2010. 2 Changes to FDIC and SIPC Coverage

Morgan Stanley Smith Barney LLC ( Morgan Stanley Smith Barney ) and Morgan Stanley & Co. Incorporated ( Morgan Stanley ) are registered brokerdealers, not banks. Where appropriate, Morgan Stanley Smith

### 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

### Understanding Variable Annuities

july 2014 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

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

### The Basics of Annuities: Income Beyond the Paycheck

The Basics of Annuities: PLANNING FOR INCOME NEEDS TABLE OF CONTENTS Income Beyond the Paycheck...1 The Facts of Retirement...2 What Is an Annuity?...2 What Type of Annuity Is Right for Me?...2 Payment

### The Basics of Annuities: Planning for Income Needs

March 2013 The Basics of Annuities: Planning for Income Needs summary the facts of retirement Earning income once your paychecks stop that is, after your retirement requires preparing for what s to come

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

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

### BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC

Cetera Financial Specialists LLC 200 N. Martingale Road Schaumburg, IL 60173-2096 BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC General Considerations Before you buy any insurance

Guide to Buying Annuities Buying an Annuity Contract at H.D. Vest Before you buy any investment, it is important to review your financial situation, investment objectives, risk tolerance, time horizon,

GUIDE TO BUYING ANNUITIES Buying an Annuity Contract at HD Vest Before you buy any investment, it is important to review your financial situation, investment objectives, risk tolerance, time horizon, diversification

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

### 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

### Variable Annuities. Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com

Reno J. Frazzitta Investment Advisor Representative 877-909-7233 www.thesmartmoneyguy.com Variable Annuities Page 1 of 8, see disclaimer on final page Variable Annuities What is a variable annuity? Investor

### 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

### Guide to buying an offshore investment contract

Guide to buying an offshore investment contract What you should know before you buy Offshore investment contracts are only available for sale to nonresident aliens of the United States and are not subject

### Mutual Fund Share Classes and CGMI Compensation

Mutual Fund Share Classes and CGMI Compensation The following is from the Important New Account Information section ( INAI ) contained in your Welcome Book or other disclosures provided to you in connection

### Understanding Annuities

Annuities, 06 5/4/05 12:43 PM Page 1 Important Information about Variable Annuities Variable annuities are offered by prospectus, which you can obtain from your financial professional or the insurance

### Variable Annuities. Information is an investor s best tool. What You Should Know WHAT YOU SHOULD KNOW 1

Variable Annuities What You Should Know Information is an investor s best tool WHAT YOU SHOULD KNOW 1 2 VARIABLE ANNUITIES Variable Annuities Variable annuities have become a part of the retirement and

### Variable Annuity Overview

Variable Annuity Overview CAC.1162 (04.12) Protect Tomorrow. Embrace Today.TM When planning for your retirement, you ll find there are a variety of products, investments and strategies that can be utilized

### 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

### 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.

### 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

### Annuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities...

An Insider s Guide to Annuities Whatever your picture of retirement, the best way to get there and enjoy it once you ve arrived is with a focused, thoughtful plan. Introduction 2 What is an Annuity?...

### 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

### Glossary: The Language of Variable Annuities

Glossary: The Language of Variable Annuities Glossary: The Language of Variable Annuities A variable annuity (VA) is a long-term, tax-deferred investment designed to help investors save for retirement.

### NAIC Buyer s Guide for Deferred Annuities

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

Buyer s Guide for Deferred Annuities Table of Contents What Is an Annuity?... 1 When Annuities Start to Make Income Payments... 1 How Deferred Annuities Are Alike... 1 How Deferred Annuities Are Different...

### Understanding Annuities: The Basics

Private Wealth Management Products & Services Understanding Annuities: The Basics Will your savings last a lifetime? Many preretirees and retirees are uncertain whether the nest egg they have built will

### 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

### 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

### Mutual Fund Share Classes and CGMI Compensation

Mutual Fund Share Classes and CGMI Compensation September 2009 As a mutual fund investor, you have many funds to choose from when it comes to investing your money. Each of these choices involves certain

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...

### Guaranteed Income for Life (GIFL) Rollover Variable Annuity IRA

Guaranteed Income for Life (GIFL) Rollover Variable Annuity IRA Exclusively available for 401(k) plan participants with the John Hancock Guaranteed Income for Life in-plan benefit Annuity contracts are

{ 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

### 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

### Although variable annuities are typically invested in mutual funds, variable annuities differ from mutual funds in several important ways:

Variable Annuities And What You Should Know About Them Variable annuities have become a part of the retirement and investment plans of many Americans. Before you buy a variable annuity, you should know

### Although variable annuities are typically invested in mutual funds, variable annuities differ from mutual funds in several important ways:

VARIABLE ANNUITIES Variable annuities have become part of the retirement and investment plans of many Americans. Before you buy a variable annuity, you should know some of the basics - and be prepared

advisory & Brokerage consulting services Make Your Retirement Savings Last a Lifetime Member FINRA/SIPC ADVISORY & Brokerage consulting SERVICES Three Things to Consider When Planning for Retirement Today,

### Buyer s Guide for Deferred Annuities Variable

Buyer s Guide for Deferred Annuities Variable Prepared by the NAIC National Association of Insurance Commissioners This guide does not endorse any company or policy Reprinted by John Hancock Life Insurance

### 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

### BUYER S GUIDE TO FIXED DEFERRED ANNUITIES. The face page of the Fixed Deferred Annuity Buyer s Guide shall read as follows:

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES The face page of the Fixed Deferred Annuity Buyer s Guide shall read as follows: Prepared by the National Association of Insurance Commissioners The National Association

### 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

### UNDERSTANDING FIXED INDEXED ANNUITIES

UNDERSTANDING FIXED INDEXED ANNUITIES INTRODUCING FIXED INDEXED ANNUITIES Fixed Indexed Annuities combine the features of Fixed Annuities including tax-deferred interest accumulation, a minimum guaranteed

### Understanding annuities

ab Wealth Management Americas Understanding annuities Rethinking the role they play in retirement income planning Protecting your retirement income security from life s uncertainties. The retirement landscape

### Variable Annuities: Beyond the Hard Sell

Page 1 of 5 Variable Annuities: Beyond the Hard Sell May 27, 2003 The marketing efforts used by some variable annuity sellers deserve scrutiny - especially when seniors are the targeted investors. Sales

### Fixed Annuity Products

Training Module Fixed Annuity Products Issuer: Western-Southern Life Assurance Company Featuring: Acclaim FI-09-0002 Horizon FI-08-004 MultiRate FI-03-014 Annuity Guide Prepared by the National Association

### NAC RetireChoice SM 10 FIXED INDEX ANNUITY 16107Z REV 07-12

NAC RetireChoice SM 10 FIXED INDEX ANNUITY 16107Z REV 07-12 FLEXIBLE CHOICES THAT FIT Most people dream about having a secure and comfortable retirement. And now because we re living longer, healthier

### Understanding Annuities: A Lesson in Annuities

Understanding Annuities: A Lesson in 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 you

### Annuities. Chapter 17 SYNOPSIS. Rebecca L. Franciscus, Esq. Attorney-Advisor Denver Regional Office U.S. Securities and Exchange Commission

Chapter 17 Annuities Rebecca L. Franciscus, Esq. Attorney-Advisor Denver Regional Office U.S. Securities and Exchange Commission SYNOPSIS 17-1. What Is an Annuity? 17-2. Types of Annuities 17-3. Regulation

### Preference Premier. for your loved ones. Enhanced Death Benefit & Earnings Preservation Benefit. Protection Benefits ANNUITIES VARIABLE

ANNUITIES VARIABLE Preference Premier for your loved ones. Protection Benefits Enhanced Death Benefit & Earnings Preservation Benefit ISSUED BY METROPOLITAN LIFE INSURANCE COMPANY what if you could provide

### NORTH AMERICAN FORMULA CHOICE FIXED INDEX ANNUITY 11079Z-06 REV 08-10

NORTH AMERICAN FORMULA CHOICE FIXED INDEX ANNUITY 11079Z-06 REV 08-10 NORTH AMERICAN FORMULA CHOICE The Formula Choice is a flexible premium, fixed index annuity that offers you the ability to apply all

### Glossary of Annuity Product Terms

Glossary of Annuity Product Terms A A-Share Variable Annuities Annuity contracts in which sales charges are incurred at time of investment or premium payment. A-share contracts typically have no surrender

### North American Pillar 13930Z REV 08-12

North American Pillar fixed index annuity 13930Z REV 08-12 North American Pillar Are you looking for ways to manage your future retirement income today so that you can enjoy financial freedom later? North

### Fixed Deferred Annuities

Buyer s Guide to: Fixed Deferred Annuities with Appendix for Equity-Indexed Annuities National Association of Insurance Commissioners 2301 McGee St Suite 800 Kansas City, MO 64108-2604 (816) 842-3600 1999,

### 14-YEAR SURRENDER PERIOD Issue Ages 0-65 1

NORTH AMERICAN Charter SM 14 Fixed INDEX ANNUITY 16761Z-04 PRT 08-12 [Any annotations are personal comments for research, informational and education purposes ONLY. Sales Proposals ONLY allow the addition

### Variable Deferred Annuity

May 1, 2015 State Farm Life Insurance Company P R O S P E C T U S Variable Deferred Annuity profile Profile Dated May 1, 2015 STATE FARM VARIABLE DEFERRED ANNUITY POLICY STATE FARM LIFE INSURANCE COMPANY

### 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

### BUYER S GUIDE TO FIXED DEFERRED ANNUITIES WITH APPENDIX FOR EQUITY-INDEXED ANNUITIES

BUYER S GUIDE TO FIXED DEFERRED ANNUITIES WITH APPENDIX FOR EQUITY-INDEXED ANNUITIES Prepared by the NAIC National Association of Insurance Commissioners The National Association of Insurance Commissioners

### 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

### The rates below apply for applications signed between December 15, 2015 and January 14, 2016. Income Growth Rate: 6.00% Income Percentages

PRUDENTIAL DEFINED INCOME ( PDI ) VARIABLE ANNUITY PRUCO LIFE INSURANCE COMPANY PRUCO LIFE FLEXIBLE PREMIUM VARIABLE ANNUITY ACCOUNT PRUCO LIFE INSURANCE COMPANY OF NEW JERSEY PRUCO LIFE of NEW JERSEY

### Variable Annuities 101

WealthMark Advisory Services Philip Scholler President/CEO 5001 Horizons Drive Suite 201 Columbus, OH 43220 614-824-4352 phil@wealthmarkas.com www.wealthmarkas.com Inside Workbook: What Is a Variable Annuity?

### CHOICE Variable Annuity Fact Sheet

PACIFIC CHOICE Variable Annuity Fact Sheet Why a Variable Annuity A variable annuity, like Pacific Choice, is a long-term contract between you and an insurance company that helps you grow, protect, and

### 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

### Guardian Investor II SM Variable Annuity Fact Card

THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. (GIAC) Guardian Investor II SM Variable Annuity Fact Card A Variable Annuity is a long-term financial product for retirement purposes that allows you to accumulate

### 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

### PRODUCTS AND SERVICES

PRODUCTS AND SERVICES Cost and Guide As a member of Thrivent Financial, we want you to have the information you need about the products and services you re paying for. This guide describes the costs associated

### 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

### Freedom Variable Annuity

Freedom Variable Annuity Variable Product Series Building your future with a secure partner SM Kansas City Life Insurance Company Freedom Variable Annuity features at a glance Minimum deposit \$25,000 minimum

### Explorer. Client Guide. A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11

Explorer A Deferred Fixed Annuity for a Confident Retirement 60002-11A 9/11 Client Guide The Power to Help You Succeed Pacific Life has more than 140 years of experience, and we remain committed to providing

### 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

### Variable Annuity Suitability Form

Variable Annuity Suitability Form P.O. Box 64284, St. Paul, MN 55164 (800) 800-2638 woodburyfinancial.com This submission must contain the items listed below. If any of the following items in this submission

### BUYER'S GUIDE TO EQUITY-INDEXED ANNUITIES WHAT ARE THE DIFFERENT KINDS OF ANNUITY CONTRACTS?

BUYER'S GUIDE TO EQUITY-INDEXED ANNUITIES Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory

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

Understanding fixed 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 3/15 23264-15A Contents Get

### 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

### Income Preferred Bonus Fixed Indexed Annuity

Income Preferred Bonus Fixed Indexed Annuity 55542 (03/14) What is a fixed indexed annuity? It is a contract between you and an insurance company. In return for your money, or premium, the insurance company

### 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

### Optional Living and Death Benefit Riders

ONcore Variable Annuities Optional Living and Death Benefit Riders Protect Safeguard your investment and Plan Accumulate guarantee your payments. Access This material must be preceded or accompanied by

### 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

### 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

### 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

### 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

### Woodbury Financial Services, Inc. Guide to Investing

Woodbury Financial Services, Inc. Guide to Investing Woodbury Financial Services, Inc., Guide to Investing Table of Contents Who We Are..........................................................................

### 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

### Consumer s Guide to. Fixed Deferred Annuities

Consumer s Guide to Fixed Deferred Annuities Louisiana Department of Insurance Jim Donelon, Commissioner CONTENTS What is an Annuity?...3 What are the different kinds of Annuities?...4 How are the interest

### Mutual Fund Share Classes and Compensation

July 2015 Mutual Fund Share Classes and Compensation summary You have many funds to choose from when it comes to investing your money. Once you choose a fund, you may also need to choose among the fund

### A variable annuity is a type of annuity in which the contract owner directs the overall investment strategy for the funds placed in the contract.

The term annuity derives from a Latin term meaning annual and generally refers to any circumstance where principal and interest are liquidated through a series of regular payments made over a period of

### A variable annuity is a type of annuity in which the contract owner directs the overall investment strategy for the funds placed in the contract.

The term annuity derives from a Latin term meaning annual and generally refers to any circumstance where principal and interest are liquidated through a series of regular payments made over a period of

### Valued Client Owner Age: 60 State of Issue: Michigan. Death Benefit: Maximum Daily Value II

ForeRetirement TM III B-Share Prepared for: Valued Client Owner Age: 60 State of Issue: Michigan Prepared on: April 30, 2015 Prepared by: Guest User Firm Name: Guest Input Summary: Initial Investment:

### Variable Annuities Because Retirement Requires a New Way of Thinking

Pacific Life Variable Annuities Because Retirement Requires a New Way of Thinking 13141-12A 5/12 5/15 13141-15A As You Plan for Retirement, Think Differently Whether you re approaching retirement or already

### Strength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account

Strength of Many. Convenience of One. Voya Select Advantage IRA Mutual Fund Custodial Account Life brings change. C hange often comes from life events such as switching jobs or retiring. What impact will

### Single Premium Affinity Variable Annuity

Single Premium Affinity Variable Annuity Variable Product Series Building your future with a secure partner Kansas City Life Insurance Company Single Premium Affinity Variable Annuity Features at a Glance

### Is your retirement plan taking you where you want to go?

RiverSource Retirement Group Annuity Is your retirement plan taking you where you want to go? The benefits of a 403(b) retirement plan 140765 C (4/13) The benefits of a 403(b) plan. To live the retirement

### Guaranteed Income for Life (GIFL) Rollover Variable Annuity IRA

GIFL_Prospectus Cvr_Prdt 0414:Layout 1 4/29/14 10:36 AM Page 2 Guaranteed Income for Life (GIFL) Rollover Variable Annuity IRA PROSPECTUS Exclusively available for 401(k) plan participants with the John

### 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