This material is a summary of product features and is for licensed insurance professionals only. The contract will contain the actual terms, definitions, limitations, and exclusions. Products and features may vary and may not be available in all states.
Annuities are designed for long-term accumulation. Surrender charges, market value adjustments, and fees may apply to early withdrawals. Withdrawals are subject to income tax, and withdrawals before age 59½ may also be subject to a 10% IRS penalty.
Fixed indexed annuities do not participate directly in any stock, equity, or other investment. Index performance is used solely to determine interest credits, subject to the terms of the contract. Participation rates and caps may change at any time at the discretion of the issuing insurance company.
Guarantees are based on the financial strength and claims-paying ability of the issuing insurance company. The Guaranteed Lifetime Withdrawal Benefit rider provides guaranteed lifetime withdrawals, subject to the terms and conditions of the rider. The income base is not part of the contract value or cash surrender value and is not available as a lump-sum withdrawal. Rider charges may apply.
The example above is hypothetical and for illustrative purposes only. It does not represent, and should not be interpreted as, a prediction or guarantee of any policy's past or future performance.
*Roll-up rate (income credit percentage) lasts for 15 years or until income activation, whichever comes first.
Not FDIC/NCUA insured. Not a bank or credit union deposit. Not insured by any federal government agency. May lose value. Rates are subject to change. This material is not tax or legal advice. Consult a tax advisor or attorney for guidance on your client's specific situation.
Western Marketing | Life & Annuity Division | 800-852-7152 | wmacorp.com
