Disclosures: The opinions expressed are for general information and should not be considered a solicitation. Content developed from sources believed accurate. Not intended as tax or legal advice.

Annuities are long-term investments with potential penalties for early withdrawal. All guarantees contingent on issuing company's financial strength. Past performance not indicative of future results.

Individuals cannot invest directly in an index. The performance of an unmanaged index is not indicative of the performance of any specific security. The guarantees of indexed annuities may cover only a certain percentage of the initial investment. The participation rate (which is the amount of index gain that the insurance company will credit to the annuity) is set and limited by the issuing insurance company. And sometimes there is a cap rate, which is the maximum rate of interest the annuity can earn. Some insurance companies reserve the right to change participation rates, cap rates, and other fees either annually or at the start of each contract term; these types of changes could affect the investment return. Based on the guarantees of the issuing company, it may be possible to lose money with this type of investment. Therefore, it is recommended that you understand how the contract handles these issues before deciding whether to invest.