Annuities: Immediate Annuity, Fixed Rates, Variable, and Indexed Annuities: Charles Schwab

Choose from a variety of annuities depending on your retirement goals

Get an exceptional value with our low-cost annuities

Save money. Schwab variable annuities are priced 30 to 50 percent lower than the industry average.²

Clients have saved $527 per year on average by transferring variable annuity assets to Schwab.³

Count on straightforward pricing. Our annuities don’t have upfront bonuses that can cost more in the long run.

Take advantage of our low-cost annuities

See how to save

Try our simple online tool and find out whether you can save with an annuity exchange.
Consider exchanging your high-cost variable annuity for a Schwab annuity.

Variable Annuity Expense Analyzer

Variable Annuity Exchange

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Take the next step

Let our experienced, licensed annuity specialists help you.
We’ll help you every step of the way—from determining if an annuity is right for you to handling the paperwork.

Call 888-745-9677.

An annuity for every stage of retirement

Annuities to consider for long-term, tax-deferred growth and lower market volatility

Variable Annuities
Fixed Annuities

Annuities to consider for asset preservation and tax-deferred growth

Fixed Annuities

Variable Annuities

Annuities to consider for predictable income and guaranteed rate of return

Deferred Fixed Annuities
Income Annuities

Charles Schwab & Co., Inc., a licensed insurance agency, offers annuity products that are issued by leading insurance companies that are not affiliated with schwab. Not all annuity contracts are available in every state.

Variable annuities are sold by prospectus only. Before purchasing an annuity, you should carefully consider its investment objectives and all the risks, charges and expenses associated with the annuity and its investment options. For this and other information, call Charles Schwab & Co., Inc. at 888-745-9677 for a free prospectus or you may view one online at schwab.com. Please read the prospectus carefully before you invest or send money.

A variable annuity's value will fluctuate depending upon the underlying investment, and investor’s units, when redeemed, may be worth more or less than the original amount invested.

1. The quarantee depends on the claims paying ability and financial strength of the issuing insurance companies. Withdrawals of earnings are subject to ordinary income tax and prior to age 59½ and may be subject to a 10% federal tax penalty.
2. Source: 1.33% industry average per March 31, 2009 Morningstar/VARDS® survey of 1,407 variable annuities. The percentage savings does not include fees associated with the underlying variable portfolios.
3. Source: July 2006 to March 2009 Schwab Survey of variable annuity exchanges from a non-Schwab variable annuity to a Schwab variable annuity. The annual savings amount of $527 reflects the average differential in asset-based annuity fees (typically the mortality & expense risk and administrative charges) between the clients’ existing variable annuities and any of Schwab’s variable annuities for an assumed $100,000 purchase amount and assuming no subsequent additions or withdrawals. The savings figure does not reflect any other charges imposed by the existing annuity carrier, including surrender charges which, if included, would reduce or eliminate any potential savings. The actual amount you may save annually will vary based upon the difference in annuity fees, underlying portfolio fees, sub-account performance, amount transferred and any subsequent additions or withdrawals.
4. Section 1035 of the Internal Revenue Service code allows the tax-free exchange of one annuity contract for another. Please consider surrender charges that may apply upon terminating an annuity contract. These charges may reduce or eliminate the benefits of a transfer.

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