Variable Annuities
Variable annuities are used by clients who want tax - deferred market exposure with optional retirement income features, depending on contract design.
Key Features
- Subaccount investments
- Market volatility impacts value
- Optional living benefits (additional cost)
- Tax-deferred accumulation
Important Considerations
- Fees may be higher
- Surrender schedules apply
- Market losses possible
- Withdrawals may be taxable