Annuities

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Annuities are contracts with insurance companies designed to help meet retirement and other long-term goals, and that have the ability to provide a steady stream of income. PNC Investments can help assess whether an annuity is appropriate for you.

  • Contracts with insurance companies designed to help meet long-term goals with the ability to provide a steady stream of income.
  • Investors make lump-sum payments or a series of payments over time, then receive payments from the insurance company in return.
  • Annuities allow for tax-deferred growth of your investment during the “accumulation” phase, then can make periodic payments to you during the annuitization, or “payout,” phase.
  • You decide the length of time you’d like to invest, as well as the frequency and duration of the payouts.
  • Income payments can be structured for a term as short as three years or for as long as a lifetime.
  • Contracts can be tailored to your risk tolerance and your need for income now or in the future.
  • Frequently used for retirement planning.
  • Can also be arranged to provide income and benefits for loved ones.
  • All annuities and annuity riders are subject to the claims-paying ability of the issuing insurance company.
  • Withdrawals made prior to age 59 1/2 will be subject to federal income tax penalties unless an IRA exemption exists.

Pricing & Fees

Annuities have contract specific fees (including surrender charges) and expenses.

For pricing and fee information, please contact PNC Investments or see the PNC Investments Overview of Products and Services.

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Annuity Types

For investors looking to generate immediate income

  • Pay one single premium.
  • Once the income starts, it continues for life or for a specified period of time.
  • Income payments are determined at contract issue, based on the length of the payout period and if a single or joint life is insured.
  • Generally, once income starts, no changes can be made to the income being received.

For conservative investors looking to supplement retirement income, provide income for a spouse or heirs, or potentially bridge an income gap

  • Pay one single premium, or several flexible premiums.
  • Principal investment grows tax-deferred.
  • Fixed crediting rate is determined by the insurance company.
  • Cash value is available for withdrawal, if needed (though may be subject to surrender fees).
  • During the accumulation phase, death benefits are paid to a named beneficiary and bypass probate.

For moderate to aggressive investors – limited upside potential and no direct market exposure

  • Pay one single premium, or several flexible premiums.
  • Offers downside protection in the event of market decline.
  • Crediting rate based, in part, on market movement of an underlying equity index (subject to participation and cap rates).
  • For an additional cost, optional income riders allow for guaranteed lifetime income regardless of account value.
  • During the accumulation phase, death benefits are paid to a named beneficiary and bypass probate.

For moderate to aggressive investors – tax-deferred market exposure to maximize income potential in retirement, or provide income for a spouse or heirs

  • Pay one single premium, or several flexible premiums.
  • Provides a deferred income stream and may keep pace with inflation, potentially enabling higher returns over time.
  • Growth potential based on market returns and unlimited downside risk including possible loss of principal.
  • Cash value is available for withdrawal, if needed (though may be subject to surrender fees).
  • For an additional cost, optional income riders allow for guaranteed lifetime income regardless of account value.
  • During the accumulation phase, death benefits are paid to a named beneficiary and by-pass probate.

Video: Understanding Asset Allocation

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Understanding Asset Allocation

Determining the mix of investment types is one of your most important tasks as an investor.

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