Important Disclosures
Annuities are insurance products, not bank deposits. They are not FDIC or NCUA insured, are not guaranteed by any bank or credit union, and are not insured by any federal government agency. Guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company.
Fixed indexed annuities are not a direct investment in the stock market or any index. Index-linked interest is subject to caps, participation rates, and spreads, which vary by product and may change. Annuities are long-term products; withdrawals during the surrender period may be subject to surrender charges and market value adjustments. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken before age 59½, may be subject to a 10% federal penalty. Optional riders may carry additional fees.
Bertram C. Johnson is a licensed insurance professional in the State of Michigan. Johnson Bakar & Co. does not provide tax or legal advice; please consult a qualified professional. Information on this site is educational and not a solicitation or recommendation for any specific product. Product availability varies by state.
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