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Fixed and Variable Annuities

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A form of contract issued by life insurance companies, annuities provide return on your principal on either a fixed or variable basis. A Fixed Annuity provides a consistent rate of return for a set period of time.

With a Variable Annuity contract, the rate of return is related to the actual performance of the underlying investment. You select the underlying investment accounts and assume the risk but also control the potential for higher returns.

Fixed Annuity Features

  • Fixed, guaranteed payments
  • Return based on interest rate that is guaranteed for a set period
  • Risk is assumed by the insurance company
  • Fixed-income securities generate returns

Fixed Annuity Benefits

  • Risk assumed by insurance company
  • Guaranteed, predictable payments
  • Periodic distributions
  • Annuitized payments you cannot outlive
  • Subject to state insurance regulations

Variable Annuity Features

  • Variable payments
  • Return based on performance of underlying investment accounts
  • Risk assumed by you as the annuity owner
  • You select the underlying investment accounts
  • Your portfolio can be adjusted as your risk tolerance changes over time
  • Distributions can be periodic annuitized payments you cannot outlive
  • Additional riders can be added for other withdrawal options or death benefit options

Variable Annuity Benefits

  • You direct the investments
  • Possibility of high performance returns
  • Subject to state insurance regulations and securities industry oversight


  • Not A Deposit  
  • Not Guaranteed By The Bank Or Its Affiliates  
  • Not FDIC Insured  
  • Not Insured By Any Federal Government Agency  
  • May Go Down In Value  
  • May Be Purchased From Any Agent or Company and the Customer's Choice
    Will Not Affect Current or Future Credit Decisions

Annuities available through First Tennessee Brokerage, Inc. (FTBR), member FINRA, SIPC, and a subsidiary of First Tennessee Bank National Association (FTB). Outside Tennessee and Mississippi, annuities available through First Horizon Insurance Services, Inc. (FHIS), a subsidiary of FTB. CA License # OD12174.

FTBR may offer annuities only in states where they are licensed or where they are exempted or excluded from state insurance licensing requirements.

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Federal Deposit Insurance Corporation Banking products and services are provided by First Tennessee Bank National Association. Member FDIC. Logo_Equal_Housing_LG Equal Housing Lender.