Fixed Deferred Annuities in a Nutshell
A fixed deferred annuity is a contract between you and a life insurance company. It’s funded either through a one-time lump sum payment or through multiple payments over time.
An annuity offers a guaranteed rate of return over a fixed period of time and enables you to defer taxes on your earnings until you make a withdrawal.
Fixed deferred annuities offer the three things many people look for nowadays when investing:
- Guaranteed income for life
After the first contract year—and anytime before your 101st birthday—you can convert your annuity’s accumulated value into a regular income stream that you’ll never outlive.
- Protection against market risk
Your annuity never earns less than the guaranteed minimum interest rate stated on your contract. And your earnings are guaranteed.
- Convenient access
Fixed deferred annuities are designed for longer-term accumulation. But if you need to access some of your money, you can.
Fixed deferred annuities are issued by First Symetra National Life Insurance Company of New York, New York, NY.
Guarantees and benefits are subject to the claims-paying ability of First Symetra National Life Insurance Company of New York. Mailing address: P.O. Box 34690, Seattle, WA 98124.
Withdrawals may be subject to federal income tax and 10% IRS early withdrawal tax penalty may also apply for amounts withdrawn prior to age 59 ½. Consult your attorney or tax advisor for more information.For current interest rate information, please consult your agent or advisor.