Grow your retirement assets
Protect your retirement savings
“I have confidence my savings will last, but I need a little extra.”
As you near retirement, protecting your assets becomes even more important. It is hard to predict the ups and downs of the markets—or even how much time you will spend in retirement. That's why it is important to consider strategies that allow your assets to grow—and also provide protected lifetime income.
What is an Annuity?
Annuities are long-term, tax-deferred vehicles designed for retirement. The principal value of a variable annuity will fluctuate based on the performance of the underlying investment options and may lose value. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.
Add-on living benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity. There is no guarantee that a variable annuity with an add-on living benefit will provide sufficient supplemental retirement income.