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Annuities

Offered Through PNC Investments

Annuities are contracts with insurance companies designed to help meet retirement and other long-term goals, and that have the ability to provide a steady stream of income. PNC Investments can help assess whether an annuity is appropriate for you.

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Overview

Contracts with insurance companies designed to help meet long-term goals with the ability to provide a steady stream of income
Investors make lump-sum payments or a series of payments over time, then receive payments from the insurance company in return
Annuities allow for tax-deferred growth of your investment during the “accumulation” phase, then make periodic payments to you during the annuitization, or “payout,” phase
You decide the length of time you’d like to invest, as well as the frequency and duration of the payouts
Income payments can be structured for a term as short as three years or for as long as a lifetime
Contracts can be tailored to your risk tolerance and your need for income now or in the future
Frequently used for retirement planning
Can also be arranged to provide income and benefits for loved ones
All annuities and annuity riders are subject to the claims-paying ability of the issuing insurance company
Withdrawals made prior to age 59 1/2 will be subject to federal income tax penalties unless an IRA exemption exists

Additional Information

Pricing & Fees

Annuities have contract specific fees (including surrender charges) and expenses.

For pricing and fee information, please contact PNC Investments or see the PNC Investments Client Schedule of Commissions & Fees.

Annuity Types

Immediate

For investors looking to generate immediate income

Pay one single premium
Once the income starts, it continues for life or for a specified period of time
Income payments are determined at contract issue, based on the length of the payout period and if a single or joint life is insured
Generally, once income starts, no changes can be made to the income being received

Fixed-Deferred

For conservative investors looking to supplement retirement income, provide income for a spouse or heirs, or potentially bridge an income gap

Pay one single premium, or several flexible premiums
Principal investment grows tax-deferred
Fixed crediting rate is determined by the insurance company
Cash value is available for withdrawal, if needed (though may be subject to surrender fees)
During the accumulation phase, death benefits are paid to a named beneficiary and bypass probate

Indexed

For moderate to aggressive investors – limited upside potential and no direct market exposure

Pay one single premium, or several flexible premiums
Offers downside protection in the event of market decline
Crediting rate based, in part, on market movement of an underlying equity index (subject to participation and cap rates)
For an additional cost, optional income riders allow for guaranteed lifetime income regardless of account value
During the accumulation phase, death benefits are paid to a named beneficiary and bypass probate

Variable

For moderate to aggressive investors – tax-deferred market exposure to maximize income potential in retirement, or provide income for a spouse or heirs

Pay one single premium, or several flexible premiums
Provides a deferred income stream and may keep pace with inflation, potentially enabling higher returns over time
Growth potential based on market returns and unlimited downside risk including possible loss of principal
Cash value is available for withdrawal, if needed (though may be subject to surrender fees)
For an additional cost, optional income riders allow for guaranteed lifetime income regardless of account value
During the accumulation phase, death benefits are paid to a named beneficiary and by-pass probate

Associated Products & Services

The following information may be provided by PNC Investments affiliates, including PNC Bank, PNC Wealth Management^® or PNC Institutional Asset Management^SM:

Investment Insurance

Insurance plays a key role in a well-balanced financial plan because your traditional savings and investment accounts may not meet all of your needs. At PNC Investments, we take the time to understand your family's financial goals.

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PNC Investments Advisor-Managed Accounts

Accounts managed on your behalf by a Registered Investment Advisor.

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Individual Retirement Accounts (IRAs)

Using both an IRA and an employer-sponsored plan, such as a 401(k), provides the opportunity to invest more for your retirement.

Learn More »

Important Legal Disclosures and Information

This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Investments and its affiliates and vendors do not provide legal, tax or accounting advice.

Important Investor Information: Brokerage and insurance products are:

Not FDIC Insured • Not Bank Guaranteed • Not A Deposit
Not Insured By Any Federal Government Agency • May Lose Value

Securities products, brokerage services and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.

View the PNC Investments Business Resiliency Planning Customer Disclosure.

This document provides information on additional compensation that PNC Investments receives from certain mutual fund companies, 529 plan program managers and insurance companies.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.

PNC Investments does not guarantee the performance of any investment. Investing results may vary. Investments may lose money. Diversification and asset allocation may not prevent a loss of investment.

PNC Investments LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC.

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Annuities