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Fixed vs. variable annuities

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Fixed annuities Variable annuities
Minimum guaranteed interest paid Yes No1
Minimum death benefit Yes Yes
Possibility of losing principal due to fluctuation in investment values No2 Yes
Multiple investment options No Yes
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Notes:

1 Unless fixed account option is available and elected

2 Subject to the state guarantee association limits, you can lose principal if the insurance company goes bankrupt

Note: Variable annuities are sold by prospectus. You should consider the investment objectives, risk, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the variable annuity, can be obtained from the insurance company issuing the variable annuity or from your financial professional. You should read the prospectus carefully before you invest.

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