Life 18484 Partial Request Form Variable Annuities Get - Fill 2025

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Because your clients need a specific amount to be able to live comfortably in retirement, adding a variable annuity can help guarantee income for life. Your clients dont know how long theyll live, and they cant usually predict market returns thatll impact their investment portfolios during retirement.
Because your clients need a specific amount to be able to live comfortably in retirement, adding a variable annuity can help guarantee income for life.
If you take out money before you reach age 59, you pay a tax penalty (unless you become disabled or switch your money to another annuity). The government does not set an age when you need to start taking income payments from an annuity outside of an IRA or 401(k) plan.
With these types of annuities, your annuity account might not grow (and, in the case of variable annuities, you could even lose money over time). The rider simply guarantees to provide regular annuity payments until the annuity owner dies, even if the annuity runs out of money.
During a recession, variable annuities pose much more risk than fixed annuities because their performance is tied to market indexes, which recessions tend to pummel.
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Once income benefit payments have begun, you are unable to change to another option. Annuity account options are available through contracts. These contracts are designed for retirement or other long-term goals, and offer a variety of income options, including lifetime income.
Many annuity products allow free withdrawals each year, giving annuity owners the ability to withdraw up to 10% of their account value without paying a surrender charge. Withdrawing more than the contract allows will probably result in a surrender charge on the excess amount.
A fixed annuity guarantees payment of a set amount for the term of the agreement. It cant go up or down. A variable annuity fluctuates based on the returns on the mutual funds it is invested in.

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