Non-qualified tax deferred variable annuities are classified as a security. Non-qualified tax deferred variable annuities have separate sub accounts using market equities and bond investments that can lose money and incur policy expenses. A personal financial profile needs to be created with a risk tolerance assessment before moving forward with the purchase of a non-qualified or qualified tax deferred variable annuities or the allocation of the separate sub accounts.
Variable annuity policy expense loads can be a concern as policy expenses are paid out of deposits made into the annuity regardless of positive or negative performance. Variable annuities, like all annuities, are designed ultimately for generating income. You may want to consider purchasing an income rider that may offer guaranteed lifetime income.
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Variable annuity policy expense loads can be a concern as policy expenses are paid out of deposits made into the annuity regardless of positive or negative performance. Variable annuities, like all annuities, are designed ultimately for generating income. You may want to consider purchasing an income rider that may offer guaranteed lifetime income.