Fixed Deferred Annuities - Offer a guaranteed interest rate for a set period of time. Your earnings grow tax deferred until you begin to withdraw your income. Because your principal and interest rate are guaranteed by the issuing company, it is important to consider a strong, stable company that will be there tomorrow. The company generally resets the interest rate periodically, but guarantees the rate will never fall below a minimum rate stated in your contract.

Variable Deferred Annuities - Offer investment choice and flexibility. Variable annuities offer a range of stock and bond investment choices that can provide higher returns than a fixed rate account, but the returns are not guaranteed. Many variable annuities also offer a fixed rate account. All of your earnings grow tax deferred until you begin to withdraw them.

 

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