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Investment Advisory Services offered through Bay Colony Advisors, a Securities and Exchange Commission Registered Investment Advisor.

Before investing, consider the investment objectives, risks, charges, and expenses of the variable annuity and its investment options. Contact Bay Colony Advisory Group, Inc. insurance agents for a prospectus and, if available, a summary prospectus containing this information. Please read the prospectus and consider this information carefully before investing. Product availability and features may vary by state. Please refer to the contract prospectus for more complete details regarding the living and death benefits if applicable.  Read it carefully. Before exchanging, check with your current provider to see if it will assess a surrender charge, and also consider the existing benefits and features you may lose in an exchange, which may be of particular importance in poor market conditions.  Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Guarantees are subject to the claims-paying ability of the issuing insurance company.  Investing in a variable annuity involves risk of loss—investment returns, contract value, and, for variable income annuities, payment amount are not guaranteed and will fluctuate.  Product guarantees are subject to the claims-paying ability of the issuing insurance company.

1. Variable Annuity investment returns and contract value are not guaranteed and will fluctuate depending on market performance.
2. Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions, and limitations and the insurer's claims-paying ability and financial strength.
3. An immediate variable income annuity. The amount of each income payment is not guaranteed and will fluctuate.
4. If you are buying an annuity to fund a qualified retirement plan or IRA, you should do so for the annuity's features and benefits other than tax deferral. In such cases, tax deferral is not an additional benefit of the annuity.
5. References throughout this material to tax advantages, such as tax deferral and tax-free transfers, are subject to this consideration.
6. Before exchanging, check with your current provider to see if it will assess a surrender charge, and also consider the existing benefits and features you may lose in an exchange, which may be of particular importance in poor market conditions.
·         Fixed annuities available through licensed insurance agents are issued by third-party insurance companies, which are not affiliated with Bay Colony Advisory Group. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.
·         Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.
·         Deferred Income Annuity contracts are irrevocable, have no cash surrender value and no withdrawals are permitted prior to the income start date.
·         Withdrawals of taxable amounts are subject to ordinary income tax and, if made before age 59½, may be subject to a 10% federal income tax penalty. Withdrawals of taxable amounts from a non-qualified annuity may also be subject to the 3.8% Unearned Income Medicare Contribution tax if your modified adjusted gross income exceeds the applicable threshold amount.
·         The contract value of a deferred variable annuity is subject to market fluctuations and investment risk so that, when withdrawn, it may be worth more or less than its original value.
·         Investing in an immediate variable income annuity involves risk of loss—the amount of each payment is not guaranteed and will fluctuate.
·         Insurance products available through licensed insurance agents are issued by third party insurance companies, which are not affiliated with any Bay Colony Advisory Group company. A contract's financial guarantees are subject to the claims-paying ability of the issuing insurance company.
Before investing, consider the investment objectives, risks, charges, and expenses of the variable annuity and its investment options. Call or write to Bay Colony Advisory Group, Inc.  or visit www.baycolonyadvisors.com for a free prospectus and, if available, summary prospectus containing this information. Please read the prospectus and consider this information carefully before investing. Product availability and features may vary by state. Please refer to the contract prospectus for more complete details regarding the living and death benefits if applicable.

  • Do you currently own a variable annuity?
  • Are you aware of the high fees typically associated with variable annuity contracts?
  • Are you open to considering a lower cost variable annuity?
  • Are you seeking a fee-based financial advisor acting as a fiduciary to assist you with allocating your investments?
  • Is your financial advisor acting in your best interest?


Bay Colony Advisors has been “rescuing” clients from traditional, high-fee variable annuities.  Variable Annuities are typically sold through financial advisors acting as brokers who are typically paid up-front to make the recommendation.  VA Annuities are complex investment vehicles. It is often difficult for consumers to add up all the fees associated with their variable annuity unless they carefully read the entire prospectus.   The overall costs are often high, and there are sometimes restrictions and other factors such as high surrender fees that need to be considered before making a decision to buy a Variable annuity.  The Annuity’s conditions, costs and restrictions in the insurance contract can only be found by carefully reviewing the annuity’s, prospectus, and disclosures which are often in excess of 100 pages of information.  Most VA annuities don’t charge a flat fee but have multiple layers of fees that can add up together to over 3% per year.  Eliminating a 1.35% Mortality and Expense fee from a $250,000 contract can save $3,375 per year. Living Benefit Riders can make the total charges even higher and are only useful if your annuity does not perform and usually requires you Annuitize your principal investment; By making this election, you are typically making an irrevocable decision.  Many VA annuities charge a fee if you make a withdrawal too early. These type of surrender fees often start at 7% and typically decline yearly toward zero in 6 to 8 years.

When your Variable Annuity was originally recommended, was your financial advisor acting in your best interest?   Many insurance companies could offer more competitive pricing by simply offering lower cost investments.  Are the investment accounts within your annuity cost competitive, and are there conflicts of interest due to revenue sharing arrangements between the outside investment managers and the insurance company? The high cost investments can often make it very challenging to have positive returns on your investments. You are best to find an advisor who is properly aligned with your best interest who is not commission based when offering a variable annuity.  If your variable annuity is subject to a surrender charge, it means it paid an up-front commission to the original financial advisor.

If you hold a traditional variable annuity you owe it to yourself to make sure you are not paying too high an annual fee. Bay Colony Advisors assists clients who have purchased variable annuities in the past who are seeking a lower cost solution for maintaining tax deferral in a variable annuity contract.  At Bay Colony Advisors, we operate as Fiduciaries, with our only compensation from a fee-based relationship.  The variable annuity contracts we recommend to our clients do not pay us a commission, do not have a surrender period, do not have Mortality and Expense fees, and are among the lowest cost variable annuities in the marketplace.   A fee-based variable annuity doesn't pay a fee-based advisor an up-front commission, and therefore has no surrender charges and offers you 100% liquidity when you to access your capital.  We can help you manage your annuity investments, as well as regularly communicate with you to make sure they are on track for your financial goals.  A fee-based variable annuity may offer you a lower-cost alternative to a commission-based Variable Annuity. Bay Colony Advisors helps investors reach their financial goals. We provide fee-based advice and management through “no load” annuities available without Surrender fees or Surrender periods. 

If you are interested in learning more about Bay Colony’s “Annuity Rescue Program”, you can reach us at 800-320-1912.  We would be glad to hold a no-cost exploratory phone call or arrange for a meeting at our office to explain the how you can utilize a tax-free 1035 exchange into a new low-cost variable annuity.  


Visit us at www.baycolonyadvisors.com