The Benefits of an Annuity

An annuity can offer benefits such as:

• Tax-deferred growth.
• No required distributions at age 70½. This means that your money can continue to grow tax-deferred over a longer period of time.
• Control over when you pay taxes by timing distributions.
• Unlimited contributions.
• Option of guaranteed income for life.
• Guaranteed fixed rate of return for a fixed annuity.
• A death benefit that passes account value to beneficiaries, which may avoid probate, but is not tax-free