With the help of your investment advisor you tailor the immediate annuity to provide regular payments that are best for you and the people you care most about. You can choose who will continue to receive payments if you die before the time period is over. You have the flexibility to decide whether you'd like the predictability of the same payment each time, varying payments based on the performance of investments you've chosen, or a combination of both. For prospectuses containing more complete information regarding registered products, including charges and expenses, click here . Read them carefully before you invest or send money.
Variable annuities are long-term investments designed for retirement purposes.
Money distributed from the annuity will be taxed as ordinary income in the year the money is received. If you are considering an annuity for an IRA, you should know that an annuity does not provide any deferral of taxation on earnings beyond what the tax laws provide to IRA's generally. However, the other features of these annuities may be valuable to you. You should discuss your alternatives with your financial representative.