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Fixed and Variable Annuities

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A form of contract issued by life insurance companies, annuities provides a fixed or variable payment. A Fixed Annuity provides a consistent rate of return for a set period of time.

With a Variable Annuity contract, the payment 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 returns.

Fixed Annuity Features

  • Fixed, guaranteed payments paid by the insurance company
  • Return based on interest rate that is guaranteed for a set period
  • Risk is assumed by the insurance company

Fixed Annuity Benefits

  • Risk assumed by insurance company
  • Guaranteed, predictable payments from insurance company
  • Periodic distributions
  • Annuitized payments you cannot outlive

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 for additional cost

Variable Annuity Benefits

  • You direct the investments
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Insurance Products, Investments & Annuities: 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
Insurance Products and Annuities:  May be purchased from any agent or company, and the customer’s choice will not affect current or future credit decisions.

FTB Advisors is the trade name for wealth management products and services provided by First Tennessee Bank National Association (FTB) and its affiliates.  Financial planning and trust services provided by FTB. Investment management services, investments and annuities provided by FTB Advisors, Inc. member FINRA, SIPC and a subsidiary of FTB.  Insurance products provided by FTB Advisors Insurance Services, Inc. (FTBIS). In some states, insurance products and annuities are provided by First Horizon Insurance Services, Inc. (FHIS), a Tennessee corporation and a subsidiary of FTB, CA License #OD12174. The principal place of business of FHIS is 165 Madison Ave., Memphis,TN. 38103. 

FTB Advisors, Inc., FTBIS and FHIS may offer annuities or transact insurance business only in states where they are licensed or where they are exempted from state insurance licensing requirements.  FTB Advisors does not offer tax or legal advice.  You should consult your personal tax and/or legal advisor concerning your individual situation.

©2013 First Tennessee Bank National Association. www.firsttennessee.com