Annuities are long-term, tax-deferred investments designed for retirement purposes. Ordinary income tax is due on earnings withdrawn. Withdrawals prior to age 59 ½ may incur a 10% federal tax penalty on top of ordinary income taxes. Withdrawals may also be subject to an early surrender fee charged by the issuer. Withdrawals have the effect of reducing the death benefit and the surrender value. All guarantees are based on the claims paying ability of the issuing company. Additionally, variable annuities are subject to investment risks, including the possible loss of principal. Investor units will fluctuate with the performance of the underlying investments, and there may be a gain or loss upon redemption.

Variable annuities are sold by prospectus only. Investors should carefully consider objectives, risks, charges and expenses carefully before investing. The contract prospectus and the underlying fund prospectus contain this and other important information. Investors should read the prospectus carefully before investing. For a copy of the prospectus contact your client advisor.