If income distribution is selected, you will receive payments which may last for a specific period, such as 10 years, or for an indefinite period, such as your lifetime.
Benefits of Annuities include:
- Tax-deferred accumulation - interest compounds tax deferred and the interest is taxed as income should you withdraw or start distribution.2
- Guaranteed income - Annuities can guarantee an income payment for a set period or for the life of the annuitant and/or spouse.
- Principal Guarantee - fixed annuities offered through Regions Investment Services offer a principal guarantee.1
- Avoids Probate - in case of death; funds transfer to your beneficiaries and may bypass probate.3
Regions Investment Services offers a variety of fixed and immediate income annuities with some of the industries top-rated insurance companies.
Choosing an annuity that is right for you depends on many factors including your investment goals and objectives. If you have longer term objectives such as saving for retirement or looking for guaranteed income, an annuity may be appropriate.
To learn more about an Annuity - call or visit your local Regions Branch and ask for a licensed Financial Service Specialist in your area.
1. All Guarantees are backed by the claims paying ability of the issuing insurance company.
2. Withdrawals prior to age 59 ½ may result in a 10% penalty tax. Please consult your tax advisor.
3. Regions Investment Services or its affiliates do not provide tax or legal advice. Please consult your tax or legal advisor.
Regions Investment Services, Inc., is a wholly owned subsidiary of Regions Bank, which is a subsidiary of Regions Financial Corporation.