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Fixed annuities are a popular choice among individuals who want a guaranteed interest rate and a stream of income that they cannot outlive.
Fixed Annuity Features:
- Tax deferral on earnings
- Minimal risk exposure
- Access to your money (withdrawals made before age 59 1/2 are generally subject to a 10% federal income tax penalty, and a contingent deferred sales charge, CDSC, may apply)
- Death benefits for your beneficiaries
Please keep in mind that annuities have limitations. They are long term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals.
Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value
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