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Annuities Lifestyles Variable Annuity Product Prospectus May 1, 2006, The Company You Keep This Prospectus is not complete or valid unless accompanied by the book of current prospectuses for each
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A lifestages variable annuity is a type of annuity that allows individuals to invest their money in various investment options and receive regular income payments during their retirement years.
Individuals who have purchased a lifestages variable annuity are not required to file it separately. However, they may need to report the income received from the annuity on their annual tax returns.
Filling out a lifestages variable annuity generally involves selecting the investment options, deciding on the income payment frequency, and providing the necessary personal and financial information to the annuity provider.
The purpose of a lifestages variable annuity is to provide individuals with a retirement income stream that has the potential for growth based on the performance of the investment options chosen.
The information that must be reported on a lifestages variable annuity typically includes the income received from the annuity, any withdrawals or contributions made, and any changes to the investment options.
As the lifestages variable annuity is not a separate filing requirement, there is no specific deadline to file it in 2023. However, any applicable tax reporting related to the annuity should be done by the respective tax filing deadline.
There is no specific penalty for the late filing of a lifestages variable annuity itself. However, late filing or incorrect reporting of the income received from the annuity may result in penalties or interest charges for late or incorrect tax filings.
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