Variable Annuities With Guaranteed Income Options

A variable annuity is a type of annuity whose value is tied to the performance of an investment portfolio.

Variable annuities with guaranteed income options. Polaris Variable Annuities can help you plan for a brighter future with a powerful combination of growth potential beneficiary protection and optional income protection features that deliver protected lifetime income. Joint and survivor annuities guarantee that payments will be made for the remainder of the lives of both the annuitant and another person typically a spouse. Variable annuities are tax-deferred vehicles which mean under current tax laws any guaranteed interest rate or gain in an annuity is not taxable until you begin to actually receive this income.

Is a variable annuity right for you. The long-term advantage of any add-on benefits will vary with the terms of the benefit option the investment performance of the Variable Investment Options selected and the length of. Your account value and income payments can vary depending on how those investment options perform.

You put your money in mutual-fund-like accounts and gains are tax-deferred until you withdraw the money. Add-on benefits available for an extra charge can also provide protection guaranteed income for life and legacy options. Minimum level of annuity payments even if you do not have.

How variable annuities work A variable annuity is part investment part insurance. Variable Annuity Tax Advantages. They add contractually guaranteed lifetime income benefits to deferred annuities providing flexibility for accumulation and distribution.

A variable annuity provides investment options that have the potential for more growth than fixed index or index-linked annuities. Variable-rate annuities offer substantial benefits over other investment vehicles that get taxed year-over-year at ordinary income rates such as mutual funds money markets bonds and CDs. As you consider your investment options note that variable annuities include a cost in addition to the risk of fluctuation of the market.

The investment options for a variable annuity are typi-cally mutual funds that invest in stocks bonds money market instruments or some combination of the three. Although variable annuities carry the potential of higher returns than fixed annuities they dont offer a guaranteed payout. Guaranteed minimum income benefit guarantees a particular.