|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).||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 rates4||X||X|
|Growth potential from investment portfolios||X||X|
|Irrevocable one-time purchase||X||X|
1 If lifetime income with a guaranteed period is chosen and if you die before the guaranteed period ends then there is a death benefit payable.
2 Variable annuities offer a contractual payout based on the earnings of the annuity, but no specific amount is guaranteed.
3 Payout options can vary from product to product.
4 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.