{"id":4108,"date":"2023-05-25T09:50:01","date_gmt":"2021-12-22T12:15:45","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-us\/?page_id=4108"},"modified":"2023-11-01T11:07:49","modified_gmt":"2023-11-01T15:07:49","slug":"fixed-and-variable-annuities","status":"publish","type":"page","link":"https:\/\/www.rbcwealthmanagement.com\/en-us\/legal\/fixed-and-variable-annuities","title":{"rendered":"Fixed and Variable Annuities"},"content":{"rendered":"\n<div class=\"wp-block-rbcwm-hero-block rbc-hero-wm  rbc-hero-overlap rbc-hero-overlap-mobile rbc-hero-6lkj7ipgi hide-mobile-energy-lines text-center\"><style>\n\t\t.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient::before {\n\t\t\tbackground: linear-gradient(90deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient.rbc-hero-has-image-bleed::before {\n\t\t\tbackground: linear-gradient(90deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom::before {\n\t\t\tbackground: linear-gradient(180deg, #023169 20%, rgba(94, 120, 131, 0) 60%);\n\t\t}\n\n\t\t.rbc-hero-6lkj7ipgi .rbc-hero-energy-lines.rbc-hero-energy-lines-left {\n\t\t\ttransform: scaleX(-1);\n\t\t}\n\n\t\t@media (max-width: 991px) {\n\t\t\t.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient::before,\n\t\t\t.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom::before,\n\t\t\t.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient.rbc-hero-has-image-bleed::before {\n\t\t\t\tbackground: none;\n\t\t\t}\n\n\t\t\t.rbc-hero-6lkj7ipgi.rbc-hero-has-image-full.hide-mobile-energy-lines .rbc-hero-energy-lines {\n\t\t\t\tdisplay: none;\n\t\t\t}\n\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient .rbc-hero-img-wrap::after {\n\t\t\t\tbackground: linear-gradient( 0deg, #023169 0%, rgba(94, 120, 131, 0) 25% );\n\t\t\t}\n\t\t\t\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom .rbc-hero-img-wrap::before,\n            .wp-block-rbcwm-hero-block.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient.rbc-hero-has-image-bottom .container .rbc-hero-img-wrap::before {\n\t\t\t\tbackground: linear-gradient( 180deg, #023169 0%, rgba( 94, 120, 131, 0 ) 25% );\n\t\t\t}\n\t\t\t\n\t\t\t.wp-block-rbcwm-hero-block.rbc-hero-6lkj7ipgi.is-style-rbc-hero-gradient .rbc-hero-card {\n\t\t\t\tbackground: #023169;\n\t\t\t}\n\t\t}\n\t<\/style><div class=\"container\"><div class=\"row no-gutters\"><div class=\"col-lg-12 rbc-hero-card-content\"><div class=\"rbc-card rbc-hero-card rbc-hero has-content\"><div class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"rbc-hero-body-content\"><h1 class=\"rbc-hero-title\"><span>Fixed and Variable Annuities<\/span><\/h1><\/div><\/div><\/div><\/div><\/div><div class=\"rbc-hero-img-wrap col-lg-5 order-2 order-lg-1\"><\/div><\/div><\/div><\/div>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-grey has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\">\n<div class=\"row justify-content-between wrap blockId-16b3af50-2ca7-41df-a567-93fb9a44820e\">\n<div class=\"wp-block-rbcwm-column col-lg-8\">\n<p>Annuities are designed to be long-term investments and frequently involve substantial charges such as administrative fees, annual contract fees, mortality &amp; risk expense charges and surrender charges. Early withdrawals may impact annuity cash values and death benefits. Taxes are payable upon withdrawal of funds. An additional 10 percent IRS penalty may apply to withdrawals prior to age 59-1\/2. Fixed annuities are not guaranteed by FDIC or any other governmental agency and are not deposits or other obligations of, or guaranteed or endorsed by any bank or savings association. Both the money you invest and the interest paid out are guaranteed by the claims-paying ability of the insurer. Investors should consider the investment objectives, risks, and charges and expenses of an annuity carefully before investing. Prospectuses containing this and other information about the annuity are available by contacting your RBC Wealth Management Financial Advisor. Please read the prospectus carefully before investing to make sure that the annuity is appropriate for your goals and risk tolerance.<\/p>\n\n\n\n<p><strong>Certain states have adopted requirements for annuity buyer\u2019s guides to be provided to the client when an annuity has been recommended. Although the NAIC\u2019s buyer\u2019s guides are most commonly required, several states require their own customized buyer\u2019s guide to be provided when fixed or fixed index annuities are recommended, and the state of Texas requires the SEC\u2019s Annuity Buyer\u2019s Guide to be provided when variable annuities are recommended. The various buyer\u2019s guides are provided below:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.rbcwealthmanagement.com\/assets\/wp-content\/uploads\/documents\/legal\/buyers-guide-for-deferred-annuities.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">NAIC Deferred Annuity Buyer\u2019s Guide<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.rbcwealthmanagement.com\/assets\/wp-content\/uploads\/documents\/legal\/buyers-guide-for-deferred-annuities-fixed.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">NAIC Deferred Annuity Buyer\u2019s Guide \u2013 Fixed<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/insurance.ky.gov\/ppc\/Documents\/annuitybuyersguide111611.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Kentucky Annuity Buyer\u2019s Guide \u2013 Fixed and Fixed Index Annuity&nbsp;<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.tdi.texas.gov\/pubs\/consumer\/cb078.html\" target=\"_blank\" rel=\"noreferrer noopener\">Texas SEC Variable Annuity Buyer&#8217;s Guide<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.insurance.nh.gov\/consumers\/annuities-life-insurance\/buyers-guide-annuities\" target=\"_blank\" rel=\"noreferrer noopener\">New Hampshire Buyer\u2019s Guide to Annuities \u2013 Fixed and Fixed Index Annuity\u00a0<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/oci.wi.gov\/Documents\/Consumers\/PI-214.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Wisconsin Buyer\u2019s Guide<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-grey rbc-footer-footnotes rbc-block-small has-block-grey-background-color has-background\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\">\n<div class=\"row wrap blockId-15f0b13c-8892-405c-99e1-3e0e98983ef8\">\n<div class=\"wp-block-rbcwm-column col-lg-12\">\n<p class=\"is-style-caption has-dark-grey-color has-text-color\"><strong>Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.<\/strong> <\/p>\n\n\n\n<p class=\"is-style-caption has-dark-grey-color has-text-color\"><strong>RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member <a href=\"https:\/\/www.nyse.com\/index\">NYSE<\/a>\/<a href=\"https:\/\/www.finra.org\/\">FINRA<\/a>\/<a href=\"https:\/\/www.sipc.org\/\">SIPC<\/a>.<\/strong><\/p>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":50,"featured_media":0,"parent":59,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"editor_notices":[],"rbc_url_alias":"legal\/fixed-and-variable-annuities","footnotes":""},"rbcwm_content_owner":[],"class_list":["post-4108","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - 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