The annuity expense savings analysis is limited to the difference in estimated annual base annuity expenses (mortality and expense risk charge and administrative fees including any applicable contract maintenance charge) between the respective Schwab annuity and your current annuity. This analysis is not a substitute for careful consideration by you of the relative merits of the other features of each annuity, such as the investment choices, income payment options, and guaranteed benefits. We strongly recommend that you consult with a Schwab Annuity Specialist for a more comprehensive assessment of whether an annuity exchange is in your best interest.
Information regarding the annuity contracts contained herein is obtained from Morningstar, an independent third party source believed to be reliable, but its accuracy or completeness cannot be guaranteed. Schwab is not responsible for the accuracy of the information for your existing annuity contract.
Charles Schwab & Co., Inc., a licensed insurance agency, offers annuity products that are issued by insurance companies that are not affiliated with Schwab.
Annuity products are sold by prospectus only, which can be obtained by calling 866-663-5240 or online at Schwab.com/annuities. Before purchasing, you should carefully read the prospectus and consider its investment objectives and all risks, expenses, and charges associated with the annuity and its investment options. A variable annuity's value will fluctuate depending on the underlying investment. An investor's units, when redeemed, may be worth more or less than the original amount invested. Variable annuities are suitable for long-term goals, such as retirement, and any withdrawals of earnings prior to age 59½ may be subject to income tax and 10% penalty. Guarantees are subject to the claims-paying ability of the insurance company, and do not apply to the separate account or the underlying portfolios available with this contract.
(0411-2834)
Enter your existing annuity
Find your annuity
Search by annuity name
Search by insurance company
Distinguishing between annuities with similar names
Call an annuity specialist