PIBC INVESTMENT SERVICES
A Cetera Investment Services Program

Fixed Annuities

A Fixed Annuity is a contract issued by the insurance company, designed to help you accumulate funds for your retirement income. There’s no limit on your annuity contributions and you may invest in a fixed deferred annuity with either a single payment or flexible payments (a series of payments).

Some of the advantages of Fixed Annuities include:

• Safety: Principal are guaranteed¹ by the issuing insurance company.
• Fixed Interest Rate: Your money earns interest at a fixed rate that will never drop below a minimum rate guaranteed¹ by the issuing company.
• Tax deferred: Interest earned each year grows tax deferred, which means you don't pay taxes on your earnings until you withdraw money from your annuity. The taxes you would normally pay on interest earnings stay in your annuity and compound to help the value of your account grow faster.
• Access to money: Most annuities allow withdrawals at least once annually (usually up to 10% of the account value) without a withdrawal or surrender charge. Monthly withdrawals of interest and free withdrawals for special needs, such as confinement to a nursing home, are also widely available. Withdrawals may be taxable and a 10% penalty may apply to withdrawals taken prior to age 59½.
• Option to Annuitize for Life time income: Distributions can be spread out over a set period or may continue for the life of the annuitant and beneficiary².
• Low Maintenance: No up-front Sales charge or maintenance fee³.
  
• Avoid Probate: If annuitant passed away while owning a Fixed Annuity, your money goes straight to the beneficiaries on your contract. Because the money doesn't become part of your estate, it doesn't go through probate (the legal process), where creditors and relatives can lay claim to it.
  

For more information on the features and benefits of Fixed Annuities, please call or visit your local branch to speak to one of our Financial Consultants.

1. Guarantees are based on the claims paying ability of the issuing company. 

2. Although it is possible to have guaranteed income for life with a fixed annuity, there is no assurance that this income will keep up with inflation. 

3. There are surrender charges which may be imposed generally during the first 5 to 7 years or during the rate guarantee period. 

PIBC Investment Services representatives do not give tax or legal advice. The comments regarding the law and tax treatment in this material simply reflect current interpretations of such laws. Since laws are always subject to interpretation and possible changes,PIBC Investment Services recommend that you seek the counsel of an attorney and/or other qualified tax advisor as to the specific legal and tax consequences of all planning concepts as they apply to the facts of your particular situation.

PIBC Investment Services is a Cetera Investment Services program. Securities and insurance products are offered by, and all Financial Consultants are registered with, Cetera Investment Services LLC, member of FINRA and SIPC . Cetera Investment Services LLC is an independent entity and is not affiliated with First Royal Continental Bank .PIBC Investment Services is located at First Royal Continental Bank . First Royal Continental Bank is a wholly owned subsidiary of First American International Corp. Cetera Investment Services conducts business in English. Any non-English communications are a customer service accommodation, English-language documents and agreements will be controlling.

Investments are: •Not FDIC insured •May lose value •Not financial institution guaranteed •Not a deposit •Not insured by any federal government agency.

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