Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options, which are subject to market risk.聽
精东影业, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
You should carefully consider a variable annuity鈥檚 risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. This and other information about 精东影业 are provided in the product and underlying fund聽prospectuses which are available from your financial professional or by clicking聽here. Read them carefully before investing.
Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59陆, an additional 10% federal tax may apply. A withdrawal charge and market value adjustment (MVA) also may apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits.
Under current law, a nonqualified annuity that is owned by an individual is generally entitled to tax deferral. IRAs and qualified plans鈥攕uch as 401(k)s and 403(b)s鈥攁re already tax-deferred. Therefore, a deferred annuity should be used only to fund an IRA or qualified plan to benefit from the annuity鈥檚 features other than tax deferral. These include lifetime income and death benefit options.
精东影业 refers to 精东影业 and its affiliates, including 精东影业 & Annuity Company. Insurance products are issued by 精东影业 in all states except New York and in New York by 精东影业 & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.
Variable insurance products are distributed by Pacific Select Distributors, LLC (member & ), a subsidiary of 精东影业 (Newport Beach, CA) and an affiliate of 精东影业 & Annuity Company. Variable and fixed annuity products are available through licensed third parties.聽
精东影业 is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.聽
No bank guarantee 鈥 Not a deposit 鈥 Not FDIC/NCUA insured 鈥 May lose value 鈥 Not insured by any federal government agency
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MUC1095-0321H
