VARIABLE ANNUITY

Planning for retirement takes careful thought, planning, and an understanding of your tolerance for risk—how comfortable you are with market ups and downs. If you’re willing to withstand these fluctuations, variable annuities offer you the advantages and earnings potential of the equity markets. Investment choices generally include a variety of professionally managed sub-accounts that invest in stock and/or bond portfolios ranging from aggressive to conservative, including optional guaranteed accounts.

Variable annuities can be purchased through a single premium payment, or over time through a flexible series of payments. Variable annuities are contractual agreements in which payments are made to insurance companies, which agree to pay out income or lump sum amounts at a late date. Investments in variable annuities will fluctuate and values, upon redemption, may be worth more or less than the original amount invested.

Variable annuities are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information, can be obtained by calling your Financial Advisor. Read it carefully before you invest. Variable annuities are long-term investments suitable for retirement funding and are subject to market fluctuations and investment risk.

Benefits of a Variable Annuity

Both principal and earnings can compound on a tax-deferred basis.¹
No IRS mandated contribution limits (non-qualified funds only).
Variety of income options at maturity, including a guaranteed lifetime option.²
Death benefit guarantees protect your investment for your beneficiary(ies).³

Elements to Consider

The possibility that account values could decrease during down markets.
Most variable annuities come with surrender penalties to discourage early withdrawal.
Withdrawals from annuities prior to age 59½ may be subject to a 10% federal tax penalty.
Mortality and Expense fees are typically between 0.75% and 2%.

All guarantees are made by the issuing insurance company and are based on the insurer's claims-paying ability.

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¹ Withdrawals of earnings are subject to ordinary income tax. In addition, a federal 10% penalty may apply to withdrawals taken prior to age 59½ and surrender charges generally apply. Withdrawals reduce annuity contract benefits and values.

² A Guaranteed Minimum Income Benefit (GMIB) feature is an optional rider on a variable annuity that is available for an additional annual charge against the income base. It generally may only be selected at the time of contract purchase and cannot be charged later. It can usually be exercised only after a waiting period. A GMIB feature is not a cash or account value. Please be advised that depending on the performance of the investment option selected, the contract value at the time of annuitization could be such that the investor would incur a higher expense with the GMIB option without receiving any additional benefit.

³ The guaranteed death benefit is guaranteed by the insurer to be paid to your heirs. The guarantee does not apply to the investment return or safety of the underlying funds in the variable annuity, as the annuity is subject to market risk during the life of the investor.

There are contract limitations, fees and charges associated with variable annuities, which include, but are not limited to, mortality and expense risk charges, sales and surrender charges, administrative fees and charges for optional benefits. Please call your financial advisor for cost and complete details of coverage.

Insurance products are offered through Wachovia Insurance Agency (WIA) and are underwritten by unaffiliated insurance companies. Variable annuities are also available through Wachovia Securities. Wachovia Securities, LLC and WIA are separate non-bank affiliates of Wachovia Corporation.

Wachovia Securities is not a tax or legal advisor.

All products contained within this Web site may not be offered at a Wachovia branch.

Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate

Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.