Annuities
Beneficiary Protection
Should you die before receiving income from your annuity, your beneficiary will receive a guaranteed benefit amount, backed by the financial strength of the insurance company.
Some contracts also offer "enhanced" or "stepped-up" death benefits. Costs for these optional features will vary depending on the benefit. These types of death benefits are designed to "lock in" your investment performance. The product prospectus can give you more information about death benefit options, restrictions and limitations.
Avoid Probate
Annuities are insurance products. As such, their assets do not have to go through the time-consuming probate process, as long as there is a named beneficiary. The insurance company pays death benefits directly to the beneficiaries.
Our firm and its affiliates are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matters(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
Variable annuities are sold by prospectus only, which contains complete information on charges and expenses. Investors should consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus contains this and other information and can be obtained by contacting your Financial Advisor advisor. Please read the prospectus carefully before you invest.
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with SBHU Life Agency, Inc. Citi Personal Wealth Management, MyFi, and Citi Private Bank offer insurance products in conjunction with Citigroup Life Agency LLC.
Please contact your advisor for more information about available products, services and research.
For more information, please contact your Financial Advisor.