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Fixed and Variable Annuities

The first of America’s Baby Boomer generation officially reached age 65 in January 2011, marking the onset of a wave of retirees in need of competent advice and guidance in ensuring their income sources last throughout a potential 20 years or more in retirement. This puts increased pressure on advisors to develop viable solutions for reliable, lifetime income streams designed to outpace the ravages of inflation and rising healthcare costs, and meet longevity expectations.

For many investors, annuities can play a role in helping them to meet important objectives for generating a reliable income stream in retirement or realizing tax-advantaged savings opportunities in the retirement accumulation stage.

LPL Financial offers independent advisors access to some of the largest distributors of annuity products in the industry today. Through LPL Financial, advisors have access to a broad annuity platform that includes the highest quality carriers and the most competitive fixed and variable annuities.

Through partnership with five leading insurance companies we have developed a suite of innovative fee-based variable annuities that are now available for selection within our open architecture advisory platforms. Our partners include Allianz Life Distributors, AXA Distributors, Lincoln Financial Distributors, Prudential Annuities Distributors, Inc. and SunLife Financial Distributors, Inc. Several advantages of implementing a fee-based variable annuity strategy include:

  • Discretion – Full discretion enables efficient trading at the carrier level
  • Transparency – Pricing transparency facilitates an easier fee conversation with clients
  • Consistency – Leverage the expertise of LPL Financial Research
  • Flexibility – Access the investment at any time without extra costs as there are no back-end sales charges

LPL Financial offers acomprehensive selection of annuity products from more than 40 insurance companies.

Variable annuities are long term, tax-deferred investment vehicles designed for retirement purposes and contain both an investment and insurance component. They are sold only by prospectus. Guarantees are based on the claims paying ability of the issuer. Withdrawals made prior to age 59 are subject to 10% IRS penalty tax and surrender charges may apply. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. The investment returns and principal value of the available sub-account portfolios will fluctuate so that the value of an investor's unit, when redeemed, may be worth more or less than their original value.

Investors should consider the investment objectives, risks, charges and expenses of the variable insurance contract and sub-accounts carefully before investing. The prospectus contains this and other information about the variable insurance contract and sub-accounts. They can obtain prospectuses from their financial representative. They should read prospectuses carefully before investing.