We offer a variety of annuities to help you meet your long-term and retirement savings goals, today and tomorrow. A nonqualified annuity is an interest-earning contract, offered by a life insurance company, that allows you to put money aside for the future. Under current tax law, all interest earnings accumulate tax-deferred. This means that you pay income taxes on the interest earned only when you begin to withdraw funds. Since the earnings are tax-deferred, annuities are an excellent way to build long-term savings. In fact, your savings grow faster because your money earns interest, your interest earns interest, and money ordinarily paid out for taxes remains to earn interest.
Our Flexible Premium Deferred Annuity allows you to make regular or varying deposits over time.
- Available to individuals 0 to 85 years of age.
- Minimum deposit of $1,000 (ages 0 to 79); or $10,000 (ages 80 to 85).
- Competitive interest rates.
- 10% free withdrawal each certificate year.
- Early withdrawal charges may apply.
- No sales charges or fees.
- No annuitization required.
Our Single Premium Deferred Annuity is a single deposit annuity with several advantages.
- Available to individuals 0 to 90 years of age.
- The minimum deposit is $10,000.
- Competitive interest rates.
- 10% free withdrawal each certificate year.
- Early withdrawal charges may apply.
- No sales charges or fees.
- No annuitization required.
Our 3 & 5 Year Annuity is a single deposit annuity with an interest rate that is guaranteed for either 3 or 5 years.
- Available to individuals 0 to 85 years of age.
- The minimum deposit is $10,000.
- Competitive interest rates.
- 10% free withdrawal after the first certificate year.
- Early withdrawal charges may apply.
- No sales charges or fees.
- No annuitization required.
- The 3 & 5-year annuities are no longer available as an IRA option.
Our Single Premium Deferred Annuity- Interest is a single deposit annuity that generates monthly interest income. You are able to receive the interest directly deposited into a bank account each month without incurring any early withdrawal charges.
- Available to individuals 0 to 85 years of age.
- The minimum deposit is $10,000.
- Competitive interest rates.
- Early withdrawal charges may apply (for withdrawals other than monthly interest).
- No sales charges or fees.
- No annuitization required.
Our Single Premium Immediate Annuity is a single deposit annuity that generates an immediate income on a monthly, quarterly, semi-annual, or annual basis and is comprised of both principal and interest.
- Available to individuals 5 to 85 years of age.
- Payout customized to your needs.
- Guaranteed minimum income periods available.
- Lifetime income option available.
Not all products are available in all states. Withdrawing money from an annuity prior to age 59-1/2 may subject owner to an IRS penalty. Please check with a qualified tax advisor for additional information.
