Annuities
- Accumulation phase: a fixed deferred annuity generally offers guarantee of principal and a guaranteed interest rate for a set period of time by the issuing insurance company
- Payout phase: gives several options on structuring your income payment to complement your other retirement income sources
Personal Annuities OverviewChecking Process Header
Securities and insurance offered through LPL or its affiliates are:
Not Insured by FDIC or Any Other Government Agency |
Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value |
Conservative investments earning a fixed rate of return, much like a bank CD*, for a specified term, typically anywhere from 5-7 years. A deferred annuity is a long-term personal retirement account designed to help grow your assets and provide a steady stream of income once you are retired.
- CDs are FDIC insured and offer a fixed rate of return if held to maturity. Annuities are not FDIC insured.
* Annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59½ are subject to 10% IRS penalty tax. Surrender charges apply. Guarantees are based on the claims paying ability of the issuing insurance company.
- Equity indexed annuities are not suitable for all investors. Possible surrender charges and the combination of caps and participation rates associated with a particular product are factors that should be considered prior to purchasing an equity-indexed annuity. Equity indexed annuities are long-term, tax deferred investment vehicles designed for retirement purposes. Surrender charges, IRS taxes and penalties may apply. Early surrender from an equity indexed annuity may result in some loss of principal. Guarantees are based on the claims paying ability of the issuing insurance company and are not FDIC insured.
- Variable annuities are long-term, tax deferred investment vehicles designed for retirement purposes and contain both an investment and insurance component and carry insurance related charges. Withdrawals made prior to age 59½ are subject to 10% IRS penalty and surrender charges may apply. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Investors should consider the investment objectives, risks, charges and expenses of the variable annuity contract and sub-accounts carefully before investing. The prospectus contains this and other information about the variable annuity contract and sub-accounts. You can obtain contract and underlying sub-account prospectuses from your financial representative. Read the prospectuses carefully before investing.
- Annuities are long-term, tax deferred investment vehicles designed for retirement purposes.
* Guarantees are based on claims paying ability of the issuer. Withdrawals made prior to age 59½ are subject to 10% IRS penalty and surrender charges may apply. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal.