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As you develop your retirement strategy, it’s important to determine how you will protect and grow your assets, as well as ensure sufficient retirement income. The Marquis Centennial Indexed Annuity may be right for you if you are looking for a product that offers:
A Marquis Centennial Indexed Annuity (LL-11-FPIA-1)2 is a deferred, indexed annuity offered by The Lafayette Life Insurance Company. It provides safety of principal and has the potential to earn interest based, in part, on the positive movement of the S&P 500® Index3 and a fixed account that provides a guaranteed interest rate.
Because an annuity is tax-deferred, your money grows faster because you don’t pay taxes on the interest earned until you take a withdrawal or distribution.
With the Marquis Centennial, you are not invested in the market and therefore will never lose your principal because of market performance. In addition, you are guaranteed a value of no less than the guaranteed minimum surrender value stated in your contract, minus any previous withdrawals.
The Marquis Centennial allows you to pay premiums at any time, according to the terms and conditions of your contract. With each premium payment you may choose between a fixed interest rate and/or index interest rate alternatives linked in part to changes in the S&P 500®.
One of the most valuable options of any annuity is its ability to provide you a guaranteed income. This income may be paid to you for a fixed period, over your lifetime, or the joint lifetimes of you and your spouse. Exercising one of the annuity payout options in the Marquis Centennial contract can provide you with a guaranteed income that you cannot outlive.
Annuities are designed for long-term accumulation and not for short-term liquidity; however, limited access is available in the early years of the policy while withdrawal charges are in effect. All or some of each withdrawal is subject to income taxes, and if withdrawals are taken before age 59 ½, they may be subject to a penalty tax. Please consult your tax advisor regarding your specific situation.
In the event of your death prior to the maturity of the annuity, the Marquis Centennial will pay a death benefit equal to the policy value on the date of death. This benefit may pass free of probate to your named beneficiary.
1 Withdrawals may be subject to charges. Withdrawals of taxable amounts will be subject to ordinary income tax and, before age 59 ½, generally will be subject to a 10 percent IRS penalty tax.
2 FPDA-06-I available in states that have not approved LL-11-FPIA-1.
3 The S&P 500® is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Western & Southern Financial Group, Inc. and its affiliates (“WS”), including the insurance company issuing this endorsement. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”). This annuity is not sponsored, endorsed, sold or promoted by SPDJI, S&P, or any of their respective affiliates (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of this annuity or any member of the public regarding the advisability of investing in securities generally or in this annuity particularly or the ability of the Index to track general market performance. S&P Dow Jones Indices’ only relationship to the insurance company with respect to the S&P 500® is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices. The Index is determined, composed and calculated by S&P Dow Jones Indices without regard to WS or this annuity. S&P Dow Jones Indices has no obligation to take the needs of WS or the owners of this annuity into consideration in determining, composing or calculating the S&P 500®. S&P Dow Jones Indices is not responsible for and have not participated in the determination of the prices, and amount of this annuity or the timing of the issuance or sale of this annuity or in the determination or calculation of the equation by which this annuity is to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of this annuity. There is no assurance that investment products based on the S&P 500® will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice.
S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE S&P 500® OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY WS, OWNERS OF THE ANNUITY, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE S&P 500® OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND WS, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.
Annuity products are issued by The Lafayette Life Insurance Company, Cincinnati, OH. The Lafayette Life Insurance Company operates in D.C. and all states except AK and NY, and is a member of Western & Southern Financial Group, Inc. Payment of benefits under the annuity contract is the obligation of, and is guaranteed by, the insurance company issuing the annuity. Guarantees are based on the claims-paying ability of the insurer. Products are backed by the full financial strength of Lafayette Life.
Earnings and pre-tax payments are subject to income tax at withdrawal. Withdrawals may be subject to charges. Neither Lafayette Life, nor their agents, offer tax advice. For specific tax information, consult your attorney or tax advisor. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest. Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for product details and limitations.
No bank guarantee. Not a deposit. May lose value. Not FDIC/NCUA insured. Not insured by any federal government agency.