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Q: Does the interest compound? A: Yes.

Q: Is the interest taxed? A:Your annuity grows tax deferred. This maximizes your growth potential because you are not taxed on your earnings until you withdraw money from your annuity. If your money is not already in a pre-tax account such as an IRA or 401k, this is an advantage over a bank CD where each year your interest is taxed.

Q: Are there any fees? A: No, there are no sales charges or ongoing maintenance fees. There are charges for the optional riders listed below.

Q: Is it FDIC insured? A: No. FDIC insurance is only for bank deposits. Fixed annuities are guaranteed by the issuing insurance company.

Q: What are the early surrender charges? A: The early surrender charges only apply to withdrawals which are greater than the penalty free amount. If surrender charges apply, they start at 9% and decline to 0% after the 5th year. The schedule is 9%, 8%, 7%, 6%, 5%.

Q: Are penalty-free withdrawals available? A: Yes. You can purchase riders which allow for penalty free withdrawals. The Accumulated Interest Rider allows you to take interest withdrawals while the Preferred 10% Free Withdrawal rider allows up to 10% of your annuity's prior year-end value. See below for rider costs.

Q: If I withdraw more than the penalty-free amount, will a Market Value Adjustment (MVA) be applied? A: Yes. You can read more about market value adjustments here.

Q: What happens after the initial 5 year rate guarantee period? A: You have a 30 day window to do whatever you want with the full cash value of your annuity. You can remove all of it or let your annuity renew into a new 5-year guarantee period.

Q: What happens to the money in my account if I die? A: Your beneficiaries will receive the full account value minus any surrender charges and market value adjustments that may apply. These charges may be avoided by adding the Death Benefit Rider which will reduce the interest rate by 0.35%

Q: Does the Personal Choice 5 Annuity have any available riders?
A:Yes. For each optional rider the interest rate is reduced as follows:

Q: How do I apply? A: Start your annuity application by calling 800-872-6684 or click "Get a Free Quote" in the center of this page for a detailed illustration.

Q:What is the minimum premium I need to pay? A:$2,500.

Q:Are there any age restrictions? A:Yes. You can purchase this annuity up to age 90. In some states the age requirements may differ.

Q:In which states is the Personal Choice 5 available? A: The Personal Choice 5 annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.