DEFERRED ANNUITIES

DEFERRED FIXED ANNUITY

A deferred fixed annuity pays guaranteed fixed interest rates during the contract's accumulation phase. A stream of guaranteed income is paid during the income phase based on the value of the annuity.

DEFERRED VARIABLE ANNUITY

A deferred variable annuity offers underlying variable investment choices and usually a fixed account. During the accumulation phase, the value of the annuity will fluctuate based on the performance of the underlying investment choices. A stream of income is paid during the income phase based on the value of the annuity.

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Guarantees are based on the claims-paying ability of the issuing company.

Annuities are not appropriate for everyone. There are fees and charges associated with owning an annuity. Annuities do not provide any additional tax advantage when used to fund a qualified plan. Investors should consider buying an annuity to fund a qualified plan for the annuity's additional features, such as lifetime income payments and death benefit protection. When considering a variable annuity, be sure to read the prospectus and talk with your financial professional prior to purchasing.

Variable deferred annuities are sold by prospectus. Before purchasing a variable annuity contract, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity contract and its underlying investment choices. For this and other information, obtain the product prospectus and underlying investment choices prospectus from your registered representative . The prospectuses should be carefully considered before investing or sending money.

Distributions may be subject to income tax, a contingent deferred sales charge or a surrender charge. If taken prior to age 59 1/2, a 10% federal income tax penalty may apply.

This information is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any federal tax penalties.  Individuals are encouraged to seek advice from their own tax or legal counsel.