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Annuities
Add Tax-Deferral to Your Investment Mix
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Fixed and variable annuities can be an important part of a diversified investment portfolio. Since both types of insurance products provide deferral of taxation they are great vehicles for retirement plans.
A fixed annuity is a contract between you and an insurance company for a guaranteed* interest bearing policy with guaranteed* income options. The insurance company credits interest, and you don't pay taxes on the earnings until you make a withdrawal or begin receiving an annuity income. Your annuity contract earns a competitive return that is very safe.
Select the Annuity that Fits Your Investment Style
Fixed Annuities:
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Fixed rate of interest
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Future income stream
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Guarantee of your investment by the Insurance Company
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Variable Annuities:
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Ability to participate directly in securities market through sub accounts
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Flexibility in selecting those investments
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Future income stream
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Both annuity types allow for either a lump sum contribution (single premium annuity) or for an initial contribution with periodic additional contributions (flexible premium annuity) to open the account.
Consider These Other Important Features
If you are looking for:
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Asset accumulation for future retirement income
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Both Fixed and Variable Annuities
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Unlimited annual contributions
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Both Fixed and Variable Annuities
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Assets that avoid probate for future heirs
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Both Fixed and Variable Annuities
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No up-front sales charges
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Both Fixed and Variable Annuities
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Guaranteed death benefit*
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Both Fixed and Variable Annuities
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Flexible payout options
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Both Fixed and Variable Annuities
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Protection of your principal investment*
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Fixed and certain Variable Annuities
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Guaranteed minimum interest rate*
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Fixed
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Potential for growth
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Variable
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Diversification of investment
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Variable
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Call or stop by today to schedule a consultation with a Registered Representative* located in your local bank.
*Backed by the financial strength of the underlying Insurance Company.
Annuities are designed to be long-term investment. Income taxes are due on earnings when withdrawn. Income taxes, surrender charges, and/or a 10% tax penalty apply to withdrawals prior to age 59 ½. Variable Annuity contracts and their underlying sub-accounts are subject to market risk, which causes their value to fluctuate. Investors should consider their ability to remain invested during varying market conditions.
Investing in a Variable Annuity through a tax-advantaged retirement plan (such as 401k plan or IRA), offers no additional tax advantage to the investor.
*Registered Representatives offer security products and services through PFIC Securities Corporation, member NASD & SIPC. Not affiliated with InvestorServices or the bank.
Not a Deposit Not FDIC/NCUA Insured Not Insured by any Federal Government Agency
Not Guaranteed by the Depository Institution May Go Down in Value
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