PROS AND CONS OF ANNUITIES
WHAT YOU NEED TO KNOW

This publication is provided for information purposes only. It is a general description intended for use with the general public. Some information may not apply to your situation. Products and features may vary by state and may not be available in all states. Limits and exclusions may apply. The information in this publication cannot be considered or relied upon as legal, accounting or tax advice. It is not investment advice for any individual or in any individual situation, and nothing in this publication should be read as investment advice. Please consult a financial professional or attorney regarding tax, accounting or legal advice and your specific circumstances. The term “financial professional” is not intended to imply engagement in an advisory business with compensation unrelated to sales.

A fixed index annuity is intended for retirement or other long-term needs. They may not be suitable for all individuals. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. All contract and optional benefit guarantees, including any fixed account crediting rate or annuity rates, are backed by the claims-paying ability of the issuing insurance company. Annuities are not a deposit or guaranteed by any bank or credit union. Annuities are not insured by the FDIC or any federal government agency. They are not backed by the insurance producer from whom the annuity is purchased. Optional features are available for an additional charge. The exact terms of an annuity are contained in its contract and any attached riders, endorsements and amendments. A fixed index annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments, or index. There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan since they are already afforded tax-deferred status. Thus, an annuity should only be purchased in an IRA or qualified plan if you value some other features of the annuity and are willing to incur any additional costs associated with the annuity to receive such benefits. Insurance coverage provided by companies rated at least A- by A.M. Best.