Annuities
Annuities
Types of Annuities
Deferred Annuities
Earnings in a non-qualified annuity accumulate on a tax-deferred basis until a withdrawal is made, as do earnings in qualified accounts, such as an IRA or 401(k) plan1. At retirement, the principal and compounded earnings, if any, can be converted into a stream of payments. This income stream may be for a fixed period, or for the greater of a fixed period or your lifetime.
There are three basic types of deferred annuities
- Variable
- Fixed Annuities
- Market Value Adjustment (MVA) Annuities
1The tax deferral feature associated with the annuity is already provided by the qualified plan. For an additional fee, the annuity provides death benefit protection and the ability to receive a lifetime income. 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. Please read the prospectus carefully before you invest.
Insurance products are offered through SBHU Life Agency, LLC.
For more information, please contact your Financial Advisor.