Preference Flex SelectSM Flexible Premium Deferred Fixed Annuity*
The purpose of Preference Flex Select is very simple: to help you save for retirement and provide an option to receive guaranteed income during retirement. This flexible premium deferred fixed annuity is designed for long-term retirement savings.
Preference Flex Select is a flexible premium deferred fixed annuity that allows the convenience of making flexible contributions into one account with an added benefit of a first-year 4.00% interest rate bonus and an initial guaranteed rate for one year.
A first-year 4.00% interest rate bonus which is added to your base rate can kick-start your savings and is a great tool to help you create your own personal safety net. This bonus applies to both initial and subsequent payments made during the first contract year. Preference Flex Select works together with your other investments as an additional tool to help ensure an income stream during retirement.
We know that a lifetime of work deserves a lifetime of income.1 The Preference Flex Select offers you the guarantee that you will not outlive your retirement income. While some contract holders may choose to access their contract value through withdrawals2 , others may want to consider a payment option to begin an annuitized income stream with their accumulated contract value at retirement.
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* In the state of Washington, The Preference Flex Select is a Single Premium Deferred Annuity Contract. Not available in OR.
1 Annuitization of your contract value is available after 13 months following the date of issue.
2 Withdrawal charges may apply.
An annuity with a purchase payment bonus may have higher charges and expenses and a longer surrender period than a similar annuity without a purchase payment bonus or may have less advantageous benefits and other features. This could offset the benefits of the bonus. Accordingly, you should always consider the expenses along with the benefits and other features to be sure any annuity or class of annuity meets your financial needs and goals.
