|Deferred Annuities||Immediate Annuities|
|Fixed or Variable rate of return||Fixed||Variable||Fixed||Variable|
|Tax-deferred growth (returns will vary with variable annuities and there is the risk of loss).1||X||X||X||X|
|No contribution limits||X||X||X||X|
|Income for a fixed period of time2||X||X||X||X|
|Allows periodic contributions to fund the annuity||X||X|
|Guaranteed principal and interest rates5||X||X|
|Growth potential from investment portfolios||X||X|
|Irrevocable one-time purchase||X||X|
1The contract value of a deferred variable annuity is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value. Investing in an immediate variable income annuity involves risk of loss—the amount of each payment is not guaranteed and will fluctuate.
2 If you choose a payout option of lifetime income with a guaranteed period and if you die before the guaranteed period ends, then a death benefit is payable.
3 Variable annuities offer a contractual payout based on the earnings of the annuity, but no specific amount is guaranteed.
4 Payout options can vary from product to product.
5 Guarantees are backed by the claims-paying ability of the issuer.
Please keep in mind that annuities are designed for retirement and other long-term goals. If you choose to invest in the variable investment products, your money will be subject to the risks associated with investing in securities, including loss of principal. Withdrawals of earnings from annuities are subject to ordinary income tax, plus a possible federal 10% penalty if you make a withdrawal before age 59 ½.