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Annuities

Annuities

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A Tax-deferred Investment for Future Income

An annuity is a long-term, tax-deferred insurance contract or investment designed for retirement. It allows you to create a fixed or variable stream of income during your retirement through a process called annuitization. When you are ready, during retirement or for other needs, an annuity can become an income stream. Each type has unique considerations which you'll want to discuss with a financial professional.

Fixed Annuities

Fixed annuities provide a fixed rate of return based on the terms of your contract. They have less risk because your premium is protected from any potential loss and they also come with guarantees which depend on the financial strength of the issuing company.

Variable Annuities

Variable annuities let you stay in control of how your premium payments get invested and they provide a variable rate of return based on the performance of those underlying investments. If the market performs well you could see a direct impact on your annuity’s growth.

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Notes:

As your personal situations change (i.e., marriage, birth of a child or job promotion), so will your life insurance needs. Care should be taken to ensure this product is suitable for your long-term life insurance needs. You should weigh any associated costs before making a purchase. Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit your individual needs.

An annuity is a long-term, tax-deferred investment designed for retirement that will fluctuate in value. It allows you to create a fixed or variable stream of income through a process called annuitization and also provides a variable rate of return based on the performance of the underlying investments. These investment options are not available for purchase outside the variable annuity. A variable annuity does have limitations. If you decide to take your money out early, you may face fees called surrender charges. Plus, if you're not yet 59½, you may also have to pay an additional 10 percent tax penalty on top of ordinary income taxes. A death benefit is available with most variable annuities and naturally, if you do take an early withdrawal, your death benefit and the cash value of the annuity contract will be reduced. You should also know that an annuity contains guarantees and protections that are subject to the issuing insurance company’s ability to pay for them. But these guarantees don’t apply to any variable accounts that are subject to investment risk, including possible loss of your principal. An annuity is a contract between you and an insurance company and it’s sold by prospectus. While it may take some time, you should read these documents. They describe risk factors, fees and charges that may apply to you. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and the expense of the underlying investment options.

Variable annuities are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained by writing to 433 N. Capitol Ave., Indianapolis, IN 46204, 1-877-285-3863. Before investing, clients should carefully consider the fund’s investment objectives, risks, charges and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Clients should also carefully read the prospectus before investing.

Products and financial services provided by American United Life Insurance Company®, a OneAmerica® company.

Dividends are not guaranteed. All guarantees are subject to the claims paying ability of the issuing insurance company.

Neither AUL nor OneAmerica Securities nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor.

PROD-2d.2-IND

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