Schwab Variable Annuity
![Schwab Introduces Two Custom Built Variable Annuities That Are Among The Lowest Cost On The Market](https://i.pinimg.com/originals/c1/8c/20/c18c202d77034ecf33353d7629b8152c.jpg)
Charles Schwab has introduced two new low-cost variable annuities.
Schwab variable annuity. The Retirement Income Variable Annuity is described as a provider of a secure income stream for life no matter how your investments perform. Charles Schwab Co Inc a licensed insurance agency distributes certain insurance and variable annuity contracts that are issued by insurance companies not affiliated with Schwab. Is the principal underwriter for the Schwab OneSource Choice Annuity TM Form ICC14-J465J465 Series Schwab Advisor Choice Annuity TM Form ICC14-J466J466 Series Schwab OneSource Annuity Form J444 Series and Schwab Select Annuity Form J434 flexible premium variable annuity contracts issued by GWLA.
1 For an additional cost an optional living benefit can provide guaranteed lifetime income based on your original investment or annual gains or depending on the annuity and rider elected the opportunity to increase your future. A variable annuity is a long-term investment issued by a life insurance company that may provide unlimited tax-deferred growth potential guaranteed 1 lifetime income guaranteed 1 death benefit options and a variety of investment options. Variable annuities at Schwab provide tax-deferred savings options.
A typical guaranteed annual withdrawal rate from a variable annuity with GLWB may be 45 a year compared to 6 or more for an immediate fixed annuity for a 65-year-old couple. Not all annuity contracts are available in every state. Schwab Retirement Income Variable Annuity is a variable annuity offered by Charles Schwab and issued by Pacific Life.
Schwab Genesis Advisory Variable Annuity TM Variable annuity available to clients working with a Registered Investment Advisor. Provided through Pacific Life the annuity requires an initial investment of 100000 with a maximum issue age of 85. The Schwab Genesis Variable Annuity offered directly to Schwab clients and the Schwab Genesis Advisory Variable Annuity.
The Schwab Retirement Income Variable Annuity is the firms lowest-cost variable annuity option. Optional withdrawal benefits that can provide guaranteed lifetime income for you and your spouse are also offered with the Schwab Income Choice Variable Annuity. Or contact the Great-West Financial Retirement Resource Center at 1-800-838-0650.
If you have questions about your Schwab Legacy Variable Annuities contract speak with your Financial Consultant. Schwab Asset Management is a part of the broader Schwab Asset Management Solutions organization SAMS a collection of business units of The Charles Schwab Corporation aligned by a common functionasset management-related servicesunder common leadership. Variable annuities are subject to a number of fees including mortality and expense risk charges administrative fees premium taxes investment management fees and charges for additional optional features.