Aviva USA | Indexed Annuity

Fixed Indexed Annuity

An Aviva indexed annuity credits interest based partly on a stock-market index. So you have greater upside potential as well as the protection of a guaranteed interest rate. Aviva also offers traditional fixed annuities.

Safety of a traditional fixed annuity

Potential for better long-term growth

Grows tax-deferred

Supplements other retirement income

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How an indexed annuity works for you

During the accumulation period of your indexed annuity—after you make either a lump sum payment or a series of payments—the insurance company credits you with a return based on the movement of an index in the stock market. After the accumulation period, you can choose to annuitize, which means you’ll receive periodic payments under the terms of your contract, unless you choose to receive your contract value in a lump sum.

With an indexed annuity from Aviva, you choose the initial premium amount, interest crediting strategies, income options, and withdrawal options.

How the interest is credited
You choose from several indexed interest-crediting strategies designed speciﬁcally to help you meet your long-term retirement needs. Interest in your indexed annuity grows tax-deferred. This means that any interest earnings in the annuity are not taxed until withdrawn. Unlike taxable savings vehicles, money you would otherwise pay in taxes remains in your indexed annuity, earning interest, causing your retirement savings to accumulate even faster.

How you receive income
When you decide to receive income from your indexed annuity, you have several choices like systematic electronic withdrawals, personalized checkbook access, guaranteed annuity payout options, and exclusive LifetimePay^SM withdrawals. The optional LifetimePay^SMbeneﬁt provides you the ability to receive lifetime guaranteed income while maintaining control of your principal.

How you’re protected
With an indexed annuity, your annuity is guaranteed to never lose principal provided that no withdrawals are taken in excess of the contract’s free withdrawal amount. Aviva offers the beneﬁt of a Minimum Guaranteed Contract Value for the life of the annuity. That is the absolute minimum value you would receive if you surrendered the Contract. Aviva also guarantees that your annuity will not lose value due to declines in the stock market.

A few key features
• Potential for higher interest earnings
• Tax-deferred interest accumulation
• Multiple interest crediting strategies
• Ability to create a stream of income you can’t outlive

Additional features

Premium Bonus
A premium bonus of up to 6% will be credited to all premiums received in the ﬁrst contract year of your Aviva annuity product.

Death Benefit
Upon the death of the annuitant, the full value of your annuity will be paid in a lump sum to your named beneﬁciaries. Other settlement options may also be available to your beneficiaries.

Liquidity 10% Free Withdrawal
Each contract year, you can withdraw up to 10% of your Aviva annuity’s prior contract anniversary accumulated value without incurring a withdrawal charge or market value adjustment (MVA).

20% Cumulative Free Withdrawal
For any contract year immediately following a contract year in which no withdrawals were taken, you can withdraw up to 20% of your annuity’s prior contract anniversary accumulated value without incurring a withdrawal charge or MVA. During the withdrawal charge period, a 20% free withdrawal is the highest cumulative free withdrawal amount that is allowed in any contract year.

Withdrawal charges and MVA are imposed retroactively if the contract is surrendered within 12 months of a free withdrawal. Withdrawals may be subject to ordinary income tax and may be subject to a 10% IRS tax penalty if taken prior to age 59 1/2. Withdrawals may also forfeit potential interest credits and if taken during the withdrawal charge period may result in the loss of principal.

Aviva does not authorize its agents, employees or representatives to give legal, tax or accounting advice. The information contained herein is our understanding of the current laws as they relate to annuities. These laws are subject to change in the future. Please consult your personal advisor for any tax, legal or accounting advice to determine if a single premium immediate annuity or a deferred annuity is right for you.

What you can do now

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Frequently asked questions

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