WHY BUY AN IMMEDIATE ANNUITY?

Why should you buy an immediate annuity? The following are reasons to consider when thinking about making that decision:

• Guaranteed Income -- An immediate annuity is a financial vehicle that can provide guaranteed income for life. The income payments you receive can supplement your other income sources, such as Social Security and pension payments, which may not provide enough income by themselves.
• Choose How To Receive Income Payments -- Whether monthly, quarterly, semi-annually or annually, you choose how often to receive your income payments.  There's a payout plan to fit your particular needs.
• Minimal Income Taxes -- You pay income taxes only as you receive your payments. When you receive income payments, you will be taxed on the portion of the payments that is earnings. The portion that is principal, which represents your initial deposit made with money that had already been taxed, is not taxable.
• Less Financial Worries -- Financial management can be a burden in your retirement years. Because you don't know how long you'll live, it's hard to be sure your resources will last as long as you need them. If you withdraw too much of your nest egg, your future income can suffer or you may run out of money entirely. If you are too thrifty when it comes to spending your nest egg, your level of living may suffer. Immediate annuities can remove some of these burdens by providing you with a predictable fixed payment for life, so you can concentrate on enjoying your hard-earned retirement.