Products
Commonwealth Annuity has three variable annuity products designed specifically for retirement investors. These annuities offer a variety of investment and payout options to help create a retirement plan tailored to your individual needs.
Advantage IV
Commonwealth Annuity Advantage IV variable annuity offers over 40 variable investment options, including a fixed account that provides a guaranteed return and a death benefit plan to protect beneficiaries.
Horizon
Commonwealth Annuity Horizon variable annuity is a low-cost1, less feature intensive2 variable annuity option that provides a cost-efficient, tax-deferred investment vehicle with lifetime income options.
Preferred Plus
Commonwealth Annuity Preferred Plus variable annuity pays you a 4% bonus3 for every purchase payment you make. In addition you can choose from over 40 variable investment options, including a fixed account that provides a guaranteed4 return and a death benefit plan to protect beneficiaries.
1. 2008 Morningstar weighted average contract expenses is 1.39% for non-group open contracts with national average benchmark using an asset weighted calculation of contract fund expenses.
2. Horizon does not offer a guaranteed minimum death benefit.
3. It is important to remember that expenses for a contract with a bonus may be higher than for a contract without a bonus, that the amount of the credit may be more than offset by additional fees and charges associated with the bonus, and the surrender periods may be longer than those of a non-bonus annuity.
4. Guarantees are based on the claims-paying ability of Commonwealth Annuity and Life insurance Company.
These variable annuities may contain certain fees and charges including mortality and expense charges, administrative charges, withdrawal charges and a contract fee. Variable annuities issued by Commonwealth Annuity and Life Insurance Company, 132 Turnpike Road, Suite 210, Southborough, MA 01772. Securities distributed by Epoch Securities Inc. member FINRA/SIPC.