Page 9 - DON'T MAKE ME SAY I TOLD YOU SO - ANNUITY CHAPTER ONLY

165 Don’t Make Me Say I Told You So

Variable Annuity Overview

Here are some of the basic features and benefits of a variable

annuity.

► Long-term personal retirement program

► Tax-deferred investments

► Professionally-managed portfolios

► Fluctuating investment returns: Your investment return
will change, reflecting the performance of the investment

portfolios you choose. These returns are not guaranteed.

The value of your investment may decline, and you may lose
money because of market risk.

► Death benefits: A variable annuity also may offer death

benefits to help protect contract value for your beneficiary,
and optional living benefits to help protect contract value

for you.

► Optional living benefits.

► Lifetime annuity payout options: When you choose to start

receiving income from a variable annuity, you can elect one
of several payout options, including options that you cannot

outlive.

► Withdrawals of taxable amounts will be subject to ordinary
income tax and, if taken prior to age 59½, a 10% IRS penalty

tax may apply.

Chapter 4: Annuities

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