Use this chart to compare five popular types of annuities that can help you generate guaranteed lifetime income or potentially grow and protect your savings for retirement. Please call us at 1-866-246-5056 or consult with a Wells Fargo Advisors Financial Advisor to determine if an annuity might fit your needs.
Guaranteed Lifetime Income and Tax Deferred Savings
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Income Annuity
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Variable Annuity
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Fixed Indexed Annuity
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Fixed Annuity
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Indexed Variable Annuity
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Best if you want
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To convert a portion of your accumulated assets into a pension-like income stream for life that can start immediately or can be deferred until a later date.
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To be invested in the market with certain income or asset protection guarantees.
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A conservative investment that offers an upside return that is tied to the performance of a given market index and provides full downside market protection if the index return is negative.
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To grow your tax-deferred savings with low-risk investments, and are comfortable with conservative but predictable returns.
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To get more growth potential than a Fixed Indexed Annuity can offer, and are comfortable with a moderate level of market risk. |
Key features
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May provide the highest amount of guaranteed income for life, but is ultimately irrevocable and not a liquid investment.
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Tax-deferred savings for retirement guaranteed retirement with various guarantees to protect a guaranteed income stream, a death benefit for your heirs or your principal at a later date.
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Your funds are not invested directly in the index, therefore protecting your principal investment, in exchange for a capped rate of return.
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Tax-deferred earnings for retirement, with a predictable fixed rate of return
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Higher capped upside growth potential than a Fixed Indexed Annuity in exchange for taking on some downside market risk. |
Rate of return
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Depends on annuity terms and associated index performance
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Generally slower tax-deferred growth and less risk than variable annuities |
Depends on annuity terms and associated index performance. |
Optional features
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Income Annuity
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Variable Annuity
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Fixed Indexed Annuity
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Fixed Annuity
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Indexed Variable Annuity
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Income guaranteed for life for you and your spouse |
Yes
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Yes
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Yes
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Yes
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Yes
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Cost-of-living adjustments |
Yes
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Guaranteed minimum withdrawal benefits |
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Yes
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Yes
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Yes
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Protection against market losses |
Yes
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Some
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Yes
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Yes
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Some
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Access to your funds, up to a specified limit | Very Limited
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Yes
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Yes
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Yes
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Yes
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Potential to leave a legacy to heirs | Some
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Yes
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Yes
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Yes
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Yes
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