Anyone thinking about purchasing an annuity should carefully consider the following:
- The rating of the insurance company (indicating their financial strength) issuing the annuity, particularly in the case of a fixed annuity.
- Understand the fees paid to the brokers that market the annuities on behalf of the insurance company.
- Any withdrawal from an annuity may be subject to taxes and a 10% federal penalty if taken prior to 59 1/2 years of age
For additional information about annuities you can visit www.sec.gov/answers/annuity.htm (If you cannot access this information online, contact us to request a copy.)
* Annuity guarantees rely on the financial stability and claims paying ability of the issuing insurance company.