A fixed annuity provides a guaranteed interest rate for a specified period of time and is backed by the insurance company issuing the annuity contract. The benefits of adding an annuity to your investment portfolio are: - You pay no taxes on your earnings from the annuity until you withdraw the money.
- Your investment will grow faster than a similar taxable investment.
Variable annuities offer these same benefits, plus: - The advantages of selecting from various combinations of strategies, such as growth, growth and income, and capital preservation, creating the potential for higher returns.
- And, in the event of your death, variable annuities provide a death benefit to your beneficiary (total premium payments, less any prior surrenders).
- The value of a variable annuity will fluctuate depending on the value of the sub-accounts in which you have invested. Neither the principal nor the investment return of a variable annuity is guaranteed by the FDIC, any bank or any annuity company.
To find out what we can do for you if you are a resident of
Maryland, Pennsylvania or Virginia, call us at 410-277-2010 or 1-800-773-6559. Fixed and variable annuities are subject to surrender charges; please see your annuity contract or prospectus for details. Withdrawals from annuities before age 59 1/2 may be subject to a 10% penalty by the IRS, in addition to being treated as ordinary income in the year the withdrawal is made. Variable annuities are sold by prospectus, which contain important information about fees and expenses. You may obtain a prospectus for a variable annuity from your investment representative. Always read the prospectus before you invest. Annuity investments are subject to fluctuations in value and the possible loss of principal invested. |
