Disclaimers

Using a 403(b)/457, loan to reduce consumer debt is a personal choice. A loan program is not a substitute for proper management of the amount of consumer debt you incur. Carefully evaluate your ability to meet the repayment requirements. It is important to understand that no additional consumer debt should be incurred while this loan is still outstanding. The use of loans will reduce the amount available in your annuity at retirement. A 403(b)/457, loan must be repaid with substantially level payments made no less frequent than quarterly over a period that may not exceed five (5) years. Loans used to acquire a principal residence of the participant may not exceed thirty (30) years. If a loan is not repaid under these conditions, it is considered a distribution.

If you do not make your payment within your stipulated grace period: Your entire outstanding loan balance will be in default and will be considered a taxable distribution. You will receive a 1099R for the outstanding balance as of the date of missed payment for the tax year in which the loan defaults. The 1099R will also be sent to the Internal Revenue Service.

Any loan interest that is not paid will be added to your outstanding loan balance provided there is sufficient contract value available. Be sure to review product brochure for account surrender values not listed.

The figures in this illustration are strictly approximations (not guaranteed) and are intended only to illustrate, through the use of the 403(b)-TSA/457, the ideas of deferring taxes, helping reduce debt, paying less interest, and saving for retirement.

A 403(b)/457, account can be funded with a fixed annuity, variable annuity, or mutual fund (403(b) (7)). Be sure to become knowledgeable about the 403(b)/457, provider, the fees and surrender charges, interest rate crediting method and any other pertinent information.

The company does not authorize its agents, employees, or representatives to give legal, tax, or accounting advice. The information contained herein is our understanding of current laws as they relate to 403(b)/ 457 accounts. These laws are subject to change in the future.

*The Roth 403(b)/457 is an after-tax contribution retirement account that allows for tax-free distributions providing that the account is held for at least 5 years and the participant is 59 1/2. There is not a current tax deduction for a Roth contribution. Please see your personal advisor for any needed legal, tax, or accounting advice. Securities Corp. and its parent and affiliates do not sponsor, endorse or pass judgment on the debt consolidation programs presented.