WebVariable annuities and variable life insurance products are long-term investments and may not be suitable for all investors. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½. Investments in these products are subject to fluctuating values of the underlying ... WebSmart Track Advisor. A fee-based variable annuity that provides tax-deferred investment growth potential and lifetime retirement income. ... 2024, Great-West reinsured a block of its individual life insurance and annuity non-NY business to Protective Life Insurance Company (“PLICO”) and its individual life insurance and annuity NY business ...
Smart Track II - 5 Year Variable Annuity Non-Standardized …
WebJul 25, 2024 · Smart Track Advisor is a low-cost dual-strategy variable annuity and is designed to provide clients with the following benefits: An investment strategy with more … WebJan 30, 2024 · A variable annuity is a type of annuity pairing the growth potential of the stock market with the steady income offered by annuities. Variable annuities work similarly to investment accounts ... reach and unite
Products Retirement Income Smart Track Advisor …
WebGuaranteed death benefit. An annuity can pay money directly to your beneficiaries when you die, helping them avoid a lengthy probate process. *Annuity payments from a tax-qualified plan will be fully taxable as ordinary income. Withdrawals made prior to age 59 1/2 may be subject to an additional 10% IRS tax penalty. WebGREAT-WEST SMART TRACK ... Joint GAW%, Distribution Credit, or Accumulation Credit, your Great-West Smart Track Advisor Variable Annuity application must be signed on or after June 4, 2024, your application must be received by us within 10 days of signing, and your initial Contribution must be received by us within 30 days of receipt of your ... WebAug 4, 2024 · Annuities, particularly fixed annuities, protect your principal against losses, according to Lamar Brabham, founder and CEO of Noel Taylor Agency in North Myrtle Beach, South Carolina. Over time ... how to spot a complex sentence