Annuities

Annuities come in many different forms to meet your specific needs. An annuity can be deferred or immediate, can provide fixed or variable investment options*, and can either be part of a non-qualified or qualified retirement plan. Annuities are long-term savings or investment vehicles.

Deferred Annuities

Deferred Annuities offer the opportunity for an individual's purchase payments to accumulate and grow on a tax-deferred basis. Purchase payments may be made either over time or as a single payment. In order to accumulate cash value, the contract owner elects to defer the payout phase of the policy until some time in the future. The Internal Revenue Service may also restrict the amount of purchase payments made and the timing of withdrawals.

Immediate Annuities

Immediate annuities are purchased with a single premium, and immediately provide an income stream. The income stream is determined by the amount of initial premium, the length of time that the payout will continue, and the number of lives being covered.

Investors should carefully consider the investment objectives, risks, charges, and expenses of a variable insurance product before investing.  Please read the prospectuses carefully for the relevant variable insurance product and its underlying investment options, which contain this and other information. You can obtain a prospectus from your financial professional. 

 

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Securities offered through Hornor, Townsend & Kent, Inc. (HTK), member FINRA / SIPC, and a registered investment adviser. 307 International Circle, Suite 100 Hunt Valley, MD 21030-1321 (410) 821-2920. Cedar Point Federal Credit Union and Cedar Point Financial Services, Inc. are independent of HTK.

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Securities and/or other investments discussed herein:

Not Insured by the NCUA or any Federal Government Agency

May Lose Value

Not a Deposit or Guaranteed by the Credit Union or any Credit Union Affiliate

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