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Fixed annuities are designed to provide a conservative way to grow your retirement savings with your principal guaranteed by the financial strength of the issuing company. They also provide many features such as tax-deferred growth of earnings, protection for your beneficiaries and lifetime income options.
A Sun Life Financial fixed annuity can give you the predictability you are looking for and may help offset risks associated with your investments based on the stock market.
To learn more about Sun Life Financial fixed annuities, select one of the product links in the "Fixed Annuities" drop down menu in the toolbar above.
There is no additional tax deferral benefit for contracts purchased in an IRA or other tax-qualified plan since these are already afforded tax-deferred status. Therefore, an annuity should only be purchased in an IRA or qualified plan if you value some of the other features of the annuity and are willing to incur any additional costs associated with the annuity to receive such benefits.
Annuities are long-term financial vehicles designed for retirement purposes. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, a 10% IRS tax penalty may also apply. Withdrawals, which may be subject to a surrender charge, have the effect of reducing benefits and values.
Sun Life Financial, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and can not be used, for the purpose of avoiding U.S. Federal, state, or local tax penalties. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.
Sun Life Financial fixed annuities are issued by Sun Life Assurance Company of Canada (U.S.) (Wellesley Hills, MA) in all states except New York. In New York, fixed annuities are issued by Sun Life Insurance and Annuity Company of New York (New York, NY). All guarantees are backed by the claims-paying ability of the issuing insurance company.
NOT FDIC/NCUA INSURED - MAY LOSE VALUE - NO BANK/CREDIT UNION GUARANTEE - NOT A DEPOSIT - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
SLPC 17861 (08/07) (Exp. 08/08)
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