Unlike a guaranteed annuity, a variable annuity allows you to allocate your money among an array of portfolios that may invest in U.S. or international stocks, bonds or other securities to help you create a portfolio that may match your investment objectives and tolerance for risk. You have the ability to transfer between portfolios, without tax penalty, as your objectives and market conditions change. Your principal investment is guaranteed by the issuing insurance company (less withdrawals) in the event of your death. A variable annuity may be well suited for growth for investors who are willing to assume higher risks and/or rewards than those offered by a traditional guaranteed annuity. There may be a 10% tax penalty for withdrawals before age 59 ½. Penalties may apply for withdrawals during the surrender period. Values may fluctuate and may be more or less then original investment. There are contract charges and expenses that may impact your actual returns. Guarantees associated with this product are based on the claims paying ability of the insurance company.
Investors should consider the contract and the underlying portfolios' investment objectives, risks, and charges and expenses carefully before investing. This and other important information are in the prospectuses, which can be obtained from your financial professional. You should read the prospectuses carefully before investing. Variable annuities are sold by prospectus only. Read prospectus carefully before investing.
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