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There comes a time in your life when you may need a level of security within your portfolio of financial products, especially when it comes to planning for your retirement. When you consider a financial product, you may want to know if that product:
- Is safe;
- Can offer predictable returns;
- Is issued by a reputable, financially stable company.
A single premium deferred annuity may be an appropriate product for you to add to your financial portfolio. It is a financial product issued by an insurance company. The insurance company guarantees your principal (your initial single premium payment) subject to any withdrawals and surrender charges, a fixed interest rate of return and a regular stream of income for a chosen period of time. These guarantees are backed by the strength and claims-paying ability of the issuing insurance company. In addition, interest credited to the annuity is tax-deferred, meaning you do not need to pay annual ordinary income taxes on the credited interest until it has been withdrawn from the annuity and paid to you.1
The Guardian Fixed Annuity is a single premium fixed annuity issued by The Guardian Insurance & Annuity Company, Inc. (GIAC). Purchasing a Guardian Fixed Annuity may provide you with the level of security that you need and the level of flexibility that you want from a financial product.
More information about our Guardian Fixed Annuity can be found in our
Guardian Fixed Annuity brochure
and in our
Guardian Fixed Annuity Disclosure Statement fact card.
Click
here
for GIAC’s ratings from independent rating companies.
1. If a withdrawal is taken prior to age 59½, a 10% federal tax penalty may apply. A surrender charge of up to 7% may also apply during the first seven contract years. Withdrawals reduce annuity contract benefits and values.
Guardian Fixed Annuity is a single premium deferred annuity and is not a deposit of or guaranteed or endorsed by any bank or depository institution, and is not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Association (NCUA) or any other government agency.
Principal, stated interest rates and other contract guarantees are guaranteed solely by the financial strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc. (GIAC).
Guardian Fixed Annuity is issued by GIAC, a Delaware corporation and a wholly-owned subsidiary of The Guardian Life Insurance Company of America, 7 Hanover Square, New York, NY. 10004. 800-221-3253.
Product availability and features may vary by state.
IRAs and other qualified plans receive tax deferral under the Internal Revenue Code. Although there are no additional tax benefits by funding such plans with an annuity, an annuity can provide you with additional insurance benefits such as death benefit protection and the possibility for income for life. Your clients should consult their own tax advisors prior to purchasing a contract.
Please note that neither GIAC nor any of its agents is authorized to give legal or tax advice. Tax laws and regulations are complex and subject to change.
For complete details, you should consult with your own tax advisors about the appropriateness of purchasing the Guardian Fixed Annuity.
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