Guarantees are backed by the financial strength and claims-paying ability of issuing company. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of premium and credited interest, and the reassurance of a death benefit for beneficiaries.
-Not FDIC insured -May lose value -No bank or credit union guarantee -Not a deposit -Not insured by any federal government agency or NCLIA/NCUSIF
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