Annuities, Annuity, annuity rates

Annuities

Annuities are long-term solutions designed to protect assets set aside for a specific use. Regardless of market conditions, annuities are one of the most popular and flexible ways to maximize the power of tax deferral and take some of the guessing out of saving for retirement. At the same time they give these assets an opportunity to appreciate in value, keep pace with inflation or even provide lifetime income.

Simply put, an annuity is an investment contract issued by an insurance company. You pay no income tax on your earnings until you withdraw your money or begin receiving payouts. As a result, your money can grow faster than it would in a taxable account. Unlike a qualified retirement plan or an IRA, however, a tax-deferred annuity has no contribution limit.

In addition, most of the annuities available through SunTrust Investment Services, Inc. offer principle protection, which are subject to the claims-paying ability of the issuing insurance company. Electing principle protection guarantee may carry an additional fee.

Well-suited…
Different types of annuities are designed to meet different investment goals. Your insurance-licensed SunTrust Advisor can help you choose a plan with features that address your individual goals and attitudes.

  • Fixed annuities can be an excellent way to save for your retirement because they provide a fixed rate of return for a specific term and help protect you from market volatility.
  • Variable annuities1 fluctuate in value with market conditions, but they offer the potential for higher investment returns over the long run.
  • Immediate annuities2 are a way to turn retirement savings into a retirement income stream that will last either a set period of time or throughout your life and/or your spouse's life.

Annuities can be used to protect asset values, current and future income streams, and even assets meant to be transferred to the next generation. All guarantees are based on the claims paying ability of the issuing insurance company.

Annuity solutions for you
SunTrust Investment Services representatives have access to some of the most innovative annuity products from the best providers in the industry. They will work to assess your individual situation and then help you determine the solution that best address your particular needs.

Below is a list of annuity carriers whose products SunTrust Investment Services offers:

  • AXA Equitable Life Insurance Company
  • Genworth Financial
  • Hartford Life Insurance Company
  • John Hancock USA
  • Lincoln Financial Group
  • MetLife Investors USA Insurance Co.
  • Nationwide Financial
  • New York Life Insurance and Annuity Corporation
  • Northstar Financial Services (Bermuda)
  • Pacific Life Insurance Company
  • Protective Life Insurance Company
  • Prudential Financial
  • RiverSource Life Insurance Company
  • Sun Life Assurance Company of Canada
  • Symetra Financial Corporation
  • Transamerica Life Insurance Company
Disclaimers

1Variable annuities are long-term investments and involve fees and expenses not typically associated with other investments. Surrender charges may apply in the early years of an annuity contract. Earnings will be taxed as ordinary income at withdrawal. Withdrawals prior to age 59½ may be subject to a 10 percent penalty. Variable annuities values fluctuate so that an investor’s shares, when redeemed, may be more or less than their original cost. Investing in variable annuities through a tax-deferred retirement plan such as an IRA will gain no additional tax advantages, and under these circumstances one should consider buying an annuity only if it makes sense because of other features, such as lifetime income payment and death benefit protection.

2Immediate annuities are generally irrevocable contracts made between a contract owner and an insurance provider. Clients considering this option should plan to have adequate liquidity outside of any immediate annuity contract. In cases where immediate annuity contracts can be liquidated, clients should expect to receive an amount significantly less than what was invested.

Investors should carefully consider the investment objectives, risks, and charges and expenses of a variable annuity before investing. This and other information can be found in the prospectus for the contract and its underlying investment options which can be obtained from your investment consultant. Please read it carefully prior to investing.

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