Variable annuities are sold by prospectus only. Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses provide this and other important information. Please contact Merrill Edge to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.
ABOUT VARIABLE ANNUITIES: Variable annuities are long-term investments designed to help meet retirement needs. Like most investments, variable annuities include certain fees and expenses, such as administrative fees, sales charges, and mortality risk expense charges. The return and principal value of variable annuities are subject to market fluctuations, investment risk and possible loss of principal so that, when redeemed, variable annuities may be worth more or less than the original amount invested. All contract guarantees, including optional benefits, are provided by the issuing insurance company and are based on its claims-paying ability. It is possible to lose money in a variable annuity purchased with an optional protection rider. Variable annuities have holding periods, limitations, withdrawal charges, exclusions, termination provisions, and terms for keeping them in force. Optional riders may be irrevocable and expire without use. Please refer to the contract prospectus for additional information.
Any information presented about tax considerations affecting client financial transactions or arrangements is not intended as tax advice and should not be relied on for the purpose of avoiding any tax penalties. Neither Merrill Lynch nor its Financial Solutions Advisors or other employees provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors. By liquidating current taxable holdings, you may be subject to capital gains or losses, which could impact your tax liability. Tax-deferred performance would be reduced by income taxes on gains upon withdrawal. Tax-deferred investments can have other fees associated with them such as charges, sales charges and administrative fees that should also be taken into consideration. In addition, withdrawals from an annuity, for example, prior to age 59½, may be subject to a 10% penalty tax, and a surrender charge will generally apply if the withdrawal is made during the early years of the policy.