Attention: Beginning August 19, 2019, will be found at For up-to-date information on investment education and fraud prevention, please visit our new site and bookmark it.


Investor Resources


   Investor Alerts 

  Brochures and Videos


  News Releases



  Speakers Bureau



 Grow Your Money Wiselystock photo : hand business man and orange water can (path in side)

 Ask and Check Before

You Invest!



Variable Annuities: 

What Investors Need to Know

A variable annuity is a contract between an investor and an insurance company where, in return for a lump sum payment or a series of premium payments, the insurance company agrees to pay to the investor a lump sum or a stream of income based upon the performance of an investment account (stocks, bonds or other types of investment products), less any applicable charges and fees.  Because your investment  account is subject to the ups and downs of the securities markets, the value of your variable annuity can vary.  

Is a variable annuity right for you?  To answer this question, you should carefully consider a variety of factors--your financial goals, investment amount, timing and holding period of the annuity.   Be aware that variable annuities are not liquid investments, but are designed to be long-term investments associated with surrender penalties if you need to withdraw your money before the annuity contract has matured.  


Also, contact your tax professional about any possible negative consequences of buying or switching to an annuity from another type of investment; or if the annuity interferes with your eligibility for medical care or housing assistance programs. 

Before signing on the dotted line, verify the license status of the variable annuities salesperson by contacting the Securities Division's Investigator on Duty at 602-542-0662 or toll free within Arizona, 1-866-VERIFY-9 (837-4399) or by email.  Annuities, insurance producers/agents and insurance companies are regulated by the Arizona Department of Insurance, 1-800-325-2548.  

Read more about variable annuities before you invest, including these helpful tips from the Arizona Department of Insurance to protect yourself against deceptive sales practices.  For more general information about wise investing and fraud prevention, visit the Investor Resource Library, General A-Z