Annuities are long-term financial vehicles designed for retirement purposes and have varying degrees of expenses, fees, and investment risks. All withdrawals of taxable amounts, including earnings, are taxable as ordinary income. Withdrawals may be subject to surrender charges, and if made prior to age 59 12, may be subject to a 10% federal tax penalty. Insurance carriers reserve the right to enforce a maximum age when income must start.

Investors should obtain a prospectus for an annuity's contract and the underlying subaccounts and consider the investment objective, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other important information, is available from your Financial Advisor and should be read carefully before investing.

Variable annuities are not insured by the FDIC or any government agency and involve market risk, including the possible loss of principal. Variable annuities entail fees, such as mortality and expense charges and optional benefit rider charges. Annuities purchased with qualified funds offer no additional tax benefits than those already available through a qualified plan. Guarantees are based on the claims-paying ability of the issuing insurance company.