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Compare Annuity Features
The many types of Annuities and the product variations amongst annuity providers gives investors
the flexibility to choose an investment approach that best fits thier specific financial goals.
A comparison table is shown below that will help guide you in deciding which annuities you would
like to compare annuity rates. After comparing annuity features click the
Compare Annuities button to get a customized rate report illustrating the latest annuity products with the selected features.
| Immediate | Fixed | Indexed | Variable | |
|---|---|---|---|---|
| Funding Options (Accumulation Phase) |
Single Premium | Single or Flexible Premium | Single or Flexible Premium | Flexible Premium |
| Payout Options (Distribution Phase) |
Payments begin within on year after funding and are based on Period Certain or Lifetime provisions. | Payout is deferred. Cash withdrawals allowed after surrender period without penalty or during policy period subject to penalty free withdrawal provisions. | Payout is deferred. Cash withdrawals allowed after surrender period without penalty or during policy period subject to penalty free withdrawal provisions. | Payout is deferred. Cash withdrawals allowed after surrender period (if applicable) without penalty or during policy period subject to penalty free withdrawal provisions |
| Risk of principal loss |
Payments are guaranteed to never decrease. Guarantees are backed by the claims paying ability of the insurance company. | Principle and gains are guaranteed against loss. Guarantees are backed by the claims paying ability of the insurance company. | Principle and gains are guaranteed against loss. Guarantees are backed by the claims paying ability of the insurance company. | Principle and gains are at risk of loss if held in variable sub accounts due to market risk and exposure to fees. |
| Rate of Return | Subject to mortality calculations and interest rates at time of issue. | Based on declared and/or guaranteed interest rates | Based on interest credits determined by indexing strategy and/or guaranteed or declared interest rates in fixed account. | Based on market performance of sub accounts less any fees. |
| Common Provisions/Riders |
Return of premium, COLA (Cost of Living Adjustment) | Death Benefit Enhancement Rider, Income Benefit Rider, Withdrawal Benefit | Death Benefit Enhancement Rider, Income Benefit Rider, Withdrawal Benefit | Death Benefit Enhancement Rider, Income Benefit Rider, Withdrawal Benefit Rider, Account Value Benefit Rider |
| Possible Fees | None | Optional income rider or death benefit enhancement fees. Surrender Fees (Only apply if money withdrawn in excess of penalty free amount) | Optional income rider or death benefit enhancement fees. Surrender Fees (Only apply if money withdrawn in excess of penalty free amount) | Transaction Fee (Class A), Surrender Fees (Only apply if money withdrawn in excess of penalty free amount), Policy Fee or Maintenance Fee, Mortality and Expense Fee, Fund Fees (including 12b-1 fees, Management fees, and fund transfer fees). Optional income rider or death benefit enhancement fees. |
| Regulation | State Department of Insurance | State Department of Insurance | State Department of Insurance | Insurance and Securities and Exchange Commission |
| Liquidity | None | Return of Premium, Long Term Care/Home Health Care, Terminal Illness and typically up to 10% of account value per year within surrender fee period. | Return of Premium, Long Term Care/Home Health Care, Terminal Illness and typically up to 10% of account value per year within surrender fee period. | Return of Premium/No-Surrender, Long Term Care/Home Health Care, Terminal Illness and typically up to 10% of account value per year within surrender fee period. |
