Life Annuities

Description
Life annuities are contracts between insurance companies and investors. They provide investors and/or their spouses with a guaranteed income for life, no matter how long they live.

Objective
To provide investors with maximum monthly income and/or the certainty they will not outlive their capital.

Suitability
Life annuities are best suited for conservative investors seeking the highest possible after-tax income.

Features

• Regular Income: Regular income can be paid on a monthly, quarterly, semi-annual or annual basis. Investors know exactly how much income they will receive and how long it will last. For life annuities, income will last throughout the life of one spouse or the lives of both spouses.
• Life income: Immediate life annuities can be structured to provide income that cannot be outlived.
• Liquidity: Once an immediate annuity is purchased, it cannot be altered or ceased. The payments from an immediate annuity must be continued as the contract originally stipulated until, when by contract provisions, the insurance company has met all its obligations and the policy is terminated.
• Guaranteed period: You can add a guaranteed period so income payments will continue to beneficiaries if death occurs prior to the end of guaranteed period selected.

For more information, please contact your Edward Jones financial advisor*.

Insurance and annuities are offered by Edward Jones Insurance Agency (except in Quebec). In Quebec, insurance and annuities are offered by Edward Jones Insurance Agency (Quebec) Inc.