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Annuities

An annuity is a contract between you and an insurance company. We offer many types of annuities, including fixed, indexed and variable. Each type serves a different purpose and should be considered based on your personal needs. Earnings grow tax deferred, so taxes are not owed until withdrawals are made. You must be 59½ years old to withdraw from an annuity or you may be subject to penalties from the IRS.

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Fixed and variable annuities are suitable for long-term investing, such as retirement investing.  Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Variable annuities are subject to market risk and may lose value.

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