Contingent deferred sales charges: A fee you may be charged if you take money from your contract before a specified time. In CA, a CDSC is called a "surrender charge."
 Income of the Aged Chartbook, 2014 Social Security Administration, Office of Research, Evaluation and Statistics (April 2016).
 Without capital gains and dividends.
Annuities have limitations. They are long-term vehicles designed for retirement purposes. They are not intended to replace emergency funds, to be used as income for day-to-day expenses, or to fund short-term savings goals. Investing involves risk. A fixed indexed annuity is not a stock market investment and does not directly participate in any stock or equity investment. It may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income. Guarantees are subject to the claims-paying ability of the issuing insurance company. If you take withdrawals before you're age 59½, you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes. Withdrawals may trigger early surrender charges, reduce your death benefit and contract value.
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