Annuities

Find out how an annuity may provide supplemental retirement income and tax-deferred growth. Learn more about the types of annuities offered by M&T Securities, Inc. 

What is an annuity?

Annuities may offer tax-deferred growth, value and a payment stream that begins immediately or at some future date.

​​Fixed Annuities vs. Variable Annuities

  • Fixed annuities. These pay interest at fixed rates set and guaranteed by the issuing insurance company
  • Variable annuities. With variable annuities, annuity value and earnings fluctuate with the market value of the underlying subaccounts chosen by the annuity owner

Considerations When Purchasing an Annuity

You may want to consider the following before purchasing an annuity:

  • Annuities are tax-deferred – the contract owner does not pay taxes on the growth of their investment until withdrawals begin
  • Annuities are designed for long-term investing and there are generally surrender charges for early withdrawal
  • Withdrawals prior to age 59½ may be subject to a 10% IRS penalty
  • Additional benefits might be available under riders at an additional cost
  • Depending on the contract you purchase, if you surrender your contract, you may receive less than the money you put into it
  • Any annuity is dependent on the continued claims-paying ability of the issuing insurance company​

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Investment and Insurance Products: • Are NOT Deposits • Are NOT FDIC Insured • Are NOT Insured By Any Federal Government Agency • Have NO Bank Guarantee • May Lose Value​​​​​
Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank.
M&T Securities, Inc. is licensed as an insurance agent and acts as agent for insurers. Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states.
M&T Securities, Inc. does not provide tax advice in conjunction with the discussion of investment or insurance products. Please consult a tax advisor regarding specific tax effects.
The content of this page is for informational purposes only. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. Please consult with the professionals of your choice to discuss your situation.
​Annuities are long-term investment vehicles designed for retirement purposes. An annuity can be either a fixed or variable contract between an individual and an insurance company over the long-term with tax-deferred earnings. Withdrawals of taxable amounts are subject to income tax, and if taken prior to age 59 1/2, a 10% federal tax penalty may apply.

Variable annuities are sold by prospectuses, which contain more complete information including fees, contingent deferred sales charges, and certain insurance related charges including, but not limited to, mortality and expense charges, and administrative fees. As with any investment, investing in variable portfolios involves risk, including possible loss of principal. Past performance is no guarantee of future results.

Guarantees are based on the claims-paying ability of the issuer.