A tax-deferred annuity is an insurance contract.** Tax-deferred annuities allow long-term investors to put money away for retirement and provide the possibility of growth while deferring taxes until the time of withdrawal. This type of investment may help you create an income stream for retirement.
When you purchase an annuity, you sign a contract with an insurer, agreeing to invest a certain amount of money. In return, the insurer promises to credit earnings to your account and agrees to annuitize your account value if you choose. Annuitization means the insurer will return principal and earnings to you in regular payments that are guaranteed to last for the rest of your life.*** Or, if you prefer, you can withdraw your money in one lump sum, in a systematic way over a specific term, such as 10 or 20 years, or as you need it.
- Immediate Annuities
- Deferred Annuities
- Fixed Annuities
- Variable Annuities
- Qualified and NonQualified Annuities
- The Hartford
- Jackson National
- The Savings Bank Life Insurance Company
- Sun America
- Axa Equitable
- Sun Life
- New York Life
- Principal
- Genworth
To learn if an annuity is right for you, call us at 1-800-392-3009 to schedule an appointment with one of our Financial Advisors.
*Withdrawals prior to age 59 1/2 are subject to a
tax penalty in addition to ordinary taxes.
**People's Financial Advisors is not a tax advisor.
As individual tax situations may differ, you should
consult your tax advisor.
***Such guarantees are subject to the claims-paying
ability of the underlying insurance company.
Investment & Insurance Products:•Not Insured by FDIC or any Federal Government Agency
•Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate•May Lose Value
People's Financial Advisors is a division of People's Securities, Inc. Investments & Insurance are available through People's Securities, Inc. (member FINRA and SIPC), a subsidiary of People's United Bank.
