A single premium deferred annuity (SPDA) may be an appropriate product for you to add to your financial portfolio. It is a financial product issued by an insurance company. The insurance company guarantees your principal (your initial single premium payment) subject to any withdrawals and surrender charges, a fixed interest rate of return prior to the time you begin taking annuity payments and a regular stream of income for a chosen period of time thereafter. GIAC offers an SPDA known as The Guardian Fixed Annuity.SM
Why choose The Guardian Fixed Annuity?
|Security||With The Guardian Fixed Annuity, you enjoy a specified interest rate of return each contract year during the initial guaranteed period, and an annual renewal interest rate for contract years thereafter, completely removing market volatility from the equation.|
|Guaranteed Income||The Guardian Fixed Annuity can provide a guaranteed stream of income for a specific period of time or for life.|
|Tax-Deferred Growth*||The interest you earn during the life of your annuity grows tax-deferred, which means you don’t pay taxes until you withdraw it. This may provide an advantage, especially if you begin to make withdrawals when in a lower tax bracket.|
|Flexible Withdrawals||You may withdraw the money in your Guardian Fixed Annuity at any time as a single withdrawal or through scheduled payments. A surrender charge of up to 7% may apply to withdrawals.|
Withdrawals of taxable amounts will be subject to ordinary income tax and possible mandatory federal income tax withholding. If taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals affect the annuity’s death benefit and cash surrender value and may also be subject to a contingent deferred sales charge.
Strength behind the guaranteesAnnuity guarantees are backed exclusively by the strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc. (GIAC). GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America.
To find out if the Guardian Fixed Annuity is right for you, speak with a Guardian Financial Representative or contact your personal financial representative today.
Product availability and features may vary by state.
Principal, stated interest rates and other contract guarantees are guaranteed solely by the strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc.
For more information about GIAC’s Guardian Fixed AnnuitySM or to obtain current initial guarantee period interest rates, please contact your financial representative or call GIAC at (800) 221-3253.
Not a Deposit | Not FDIC or NCUA Insured | No Bank or Credit Union Guarantee