Consider variable annuities when growing retirement savings and working toward other long-term financial goals. Diversifying an investment portfolio with a variable annuity can yield potentially higher returns and provide certain benefits for those willing to take the risk that comes with investments.
Advantages for You
- Several advantages exist with variable annuities:
- Tax-deferred accumulation
- Control of distribution among several investment options (individuals choose their own allocations)
- Ability to invest conservatively or aggressively for potentially higher returns
- Option to transfer among stock or bond subaccounts tax-free
- Investment flexibility can provide greater protection from inflation (compared to fixed annuities that retain a set interest rate)
- Multiple payment options
- Availability of death benefits
