Harris - Variable Annuities

Investments and Retirement Planning

Market Linked Certificate of Deposits (CDs)

Variable Annuities

A variable annuity is a contract between you and an insurance company that offers a range of investment options. The value of your investment as a variable annuity owner will vary depending on the performance of the investment options you choose. The investment options for a variable annuity are typically funds that invest in stocks, bonds, money market instruments, or some combination of the three.

Designed for investors who want exposure to the investment markets, variable annuities provide long-term growth opportunities and the flexibility to change your investment strategy in accordance with your needs and market conditions.

Variable Annuities are offered by prospectus. Before investing in a variable annuity, carefully consider the investment objectives, risks, charges, and expenses. The prospectus contains this and other information and should be read carefully – before investing.

Features and Benefits
With a variable annuity, you benefit from:

	•	Tax advantages including tax-deferred growth and tax-free transfers between the annuity contact’s investment options
	•	Broad choice of investment options
	•	Choice of asset allocation models with automatic rebalancing
	•	Flexible payout options including income for life
	•	Beneficiary protection such as guaranteed death benefit*
	•	Ability to establish systematic investment plans**
	•	Immediate access to 10% of funds without penalty (if over age 59 ½) ***

Other investment considerations

	•	Early withdrawals may be subject to surrender charges and/or Market Value Adjustment.
	•	A variable annuity's value will fluctuate depending upon the underlying investment, and investor’s units, when redeemed, may be worth more or less than the original amount invested.
	•	Renewal rates may differ from initial interest rates.
	•	There is no additional tax benefit derived from placing tax-qualified funds into an annuity.
	•	Investors should consider the contract and underlying portfolios’ investment objectives, risks, charges and expenses carefully before investing. This and other important information are contained in the prospectuses and Statements of Additional Information, which can be obtained from your financial advisor. You should read the prospectuses carefully before investing.

*Guarantees are subject to the claims-paying ability of the issuing insurance company.
**Systematic investment programs do not guarantee or protect against losses in declining markets.
***IRS penalties may apply to withdrawals made prior to age 59 ½. Early withdrawals may be subject to surrender charges and tax penalties and you may receive less than the original amount invested.

Neither Harris Investor Services nor Harris Bancorp Insurance Services provide legal or tax advice. If you have questions regarding such, please consult with a qualified tax or legal advisor.

To learn more about investment advice and guidance, call us at 1-877-225-3863 or email us.

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Brokerage products offered through Harris Investor Services, Inc. registered broker/dealer, member FINRA/SIPC , SEC-registered investment adviser. Insurance and annuities offered through Harris Bancorp Insurance Services, Inc. Harris Investor Services, Inc. and Harris Bancorp Insurance Services, Inc. are affiliates of Harris N.A. and its banking subsidiaries. Products offered are: NOT A DEPOSIT - NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY - NOT GUARANTEED BY ANY BANK - MAY LOSE VALUE.

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