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Variable Annuities
Tax-Deferred Retirement Savings. An annuity is a contract
between you and an insurance company which provides for future income
payments in exchange for your investment now. They are long-term investment
vehicles that make excellent retirement savings products since any earnings
grow tax-deferred.
A variable annuity offers you the flexibility of investing
in one product with multiple investment options. You can select the options
to match your investment strategy. As personal needs or outside economic
conditions change, you can change your investment options without incurring
immediate tax consequences.
The value of a variable annuity will fluctuate according
to the performance of the investment options you choose. Any earnings
grow tax-deferred and are subject to ordinary income taxes only when you
take a distribution from your policy which means more of your money is
working for you.
Unlike other tax-deferred retirement products
that are subject to plan contribution limits, a variable annuity can be
used outside any plan to make unlimited contributions toward your retirement.
Variable annuities are securities so they
involve a risk that they may lose value, including loss of principal.
Products are issued by First Ameritas Life Insurance Corp. of New York
and underwritten by its affiliate Ameritas Investment Corp. For more complete
information including charges, expenses, limitations, and risks, obtain
a prospectus. Read it carefully before you invest or send money. |
