Annuities

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.  

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

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

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

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