Life insurance and Annuity products are long-term financial products designed for retirement income and protection, and may not be suitable for everyone. They involve optional riders and benefits for enhanced features that may come at additional cost. They are subject to surrender charges, which could result in a loss of principal and/or credited interest. The information on this site should not be deemed  a recommendation or investment advice. We do not offer tax or legal advice. Always consult with qualified tax or legal advisors concerning your own situation.
Annuity distributions are taxed as ordinary income when taken, and subject to a 10 percent federal penalty for withdrawals before age 59 ½.
Fixed index annuities and fixed index life insurance are fixed insurance products, and do not invest in the market, either directly or indirectly.  
Bonus products may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. Certain conditions may be required in order to realize the full value of the bonus.
Life insurance and annuity products are offered by appropriately licensed insurance agents, and are guaranteed by the financial strength and claims-paying ability of the issuing company. 

Life insurance policy loans and withdrawals will reduce available cash values and death benefits, and may cause the policy to lapse or affect any guarantees against lapse. Additional premium payments may be required to keep the policy in force. In the event of a lapse, outstanding policy loans in excess of unrecovered cost basis will be subject to ordinary income tax.