Understanding Fixed Annuities and Market Value Adjusted (MVA) Fixed Annuities

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• Investment is backed by the general account of the insurance company
• Earnings will grow at the stated interest rate on a tax deferred basis. Withdrawals are taxed at ordinary income tax rates and may be subject to a 10% penalty for individuals below the age of 59 ½.
• Provide the option to transition control of your investment to an insurance company in return for a guaranteed income stream for your life and possibly that of your spouse (annuitization)