Retirement Solutions
Planning for Retirement
A secure and comfortable retirement starts with the right plan—and we’re here to help! Whether you’re already retired, getting close, or just beginning to think about your future, Catholic Life Insurance offers a variety of annuities and IRAs designed to help you grow your savings and manage your funds with confidence. With our tax-deferred annuities, your money continues to work for you, ensuring a brighter financial future.
Annuities
Annuities are a smart way to build long-term savings and provide financial security for retirement. With Catholic Life Insurance, your annuity earns interest and grows tax-deferred, meaning you don’t pay taxes on your earnings until you start making withdrawals. This allows your money to grow faster over time—giving you more financial freedom in the years ahead.
We offer a variety of annuity options to fit your unique goals:
3 & 5 Year Annuity
Designed for those who want to contribute over time, this annuity provides flexibility while helping you build savings for the future.
Key Benefits:
- Available for individuals ages 0 to 85.
- Minimum deposit of $10,000.
- Guaranteed interest rates for either 3 or 5 years.
- 10% free withdrawal after the first certificate year.
- No sales charges or fees.
- No annuitization required.
- Not available as an IRA option.
Annuities
Annuities are a smart way to build long-term savings and provide financial security for retirement. With Catholic Life Insurance, your annuity earns interest and grows tax-deferred, meaning you don’t pay taxes on your earnings until you start making withdrawals. This allows your money to grow faster over time—giving you more financial freedom in the years ahead.
We offer a variety of annuity options to fit your unique goals:
3 Year Single Premium
Deferred Annuity
Designed for those who want to contribute over time, this annuity provides flexibility while helping you build savings for the future.
Key Benefits: Available for individuals ages 0 to 85.
- Minimum deposit of $10,000.
- Guaranteed interest rates for 3 years.
- 10% free withdrawal after the first certificate year.
- No sales charges or fees.
- No annuitization required.
- Not available as an IRA option.
%
*
APY
Effective January 1, 2018: 3-Year Single Premium Deferred Annuity Plans are only available as Non-qualified Plans.
Rates and values vary by product and are subject to change.
Please refer to product specifications for additional information on each product. 3 Year Single Premium Deferred Annuity not available in Florida.
5 Year Single Premium
Deferred Annuity
Designed for those who want to contribute over time, this annuity provides flexibility while helping you build savings for the future.
Key Benefits: Available for individuals ages 0 to 85.
- Minimum deposit of $10,000.
- Guaranteed interest rates for 5 years.
- 10% free withdrawal after the first certificate year.
- No sales charges or fees.
- No annuitization required.
- Not available as an IRA option.
%
*
APY
Effective January 1, 2018: 5-Year Single Premium Deferred Annuity Plans are only available as Non-qualified Plans.
Rates and values vary by product and are subject to change.
Please refer to product specifications for additional information on each product. 5 Year Single Premium Deferred Annuity not available in Florida.
Annuities Offer the
Flexibility You Need
Life is full of changes, and your retirement plan should be able to adapt. One of the greatest advantages of an annuity is its flexibility. Whether you’re saving gradually, looking for guaranteed growth, or need a reliable income stream now or later, Catholic Life Insurance has an annuity product designed to meet you where you are. With options for different ages, deposit amounts, and withdrawal preferences, annuities can be tailored to fit virtually any stage of life or financial situation—making them a powerful tool for long-term planning.
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 early distribution penalty tax. Please check with a qualified tax advisor for additional information.
Annuities Offer the
Flexibility You Need
Life is full of changes, and your retirement plan should be able to adapt. One of the greatest advantages of an annuity is its flexibility. Whether you’re saving gradually, looking for guaranteed growth, or need a reliable income stream now or later, Catholic Life Insurance has an annuity product designed to meet you where you are. With options for different ages, deposit amounts, and withdrawal preferences, annuities can be tailored to fit virtually any stage of life or financial situation—making them a powerful tool for long-term planning.
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.
Individual Retirement Annuity (IRA)
Planning for retirement doesn’t stop with annuities. Catholic Life Insurance also offers Individual Retirement Arrangement (IRAs) and rollover options to help you maximize your retirement savings and meet your financial goals.
Traditional IRA
A Traditional IRA allows you to make tax-deductible contributions*, helping reduce your taxable income today while saving for retirement tomorrow.
Key Benefits:
- Contributions may be tax-deductible.*
- Earnings grow tax-deferred.
- Taxes are paid upon withdrawal.
- Required minimum distributions begin at age 73.
*Not all taxpayers qualify for a tax-deduction. Please consult a qualified tax advisor for more information.
Roth IRA
With a Roth IRA, you pay taxes on your contributions now so that you can enjoy tax-free withdrawals later—ideal if you expect to be in a higher tax bracket during retirement.
Key Benefits:
- Tax-free growth.
- Qualified withdrawals are tax-free.
- No required minimum distributions during the owner’s lifetime.
- Contributions can be withdrawn anytime without IRS early distribution penalty tax.
IRA Rollovers
If you’re changing jobs or retiring, you can roll over your 401(k) or other qualified retirement plan into a Catholic Life IRA to keep your savings growing tax-deferred.
Key Benefits:
- Maintain the tax-deferred status of your retirement funds.
- Avoid IRS early distribution penalty tax.
- Simplify your retirement accounts.
- Choose between a Traditional or Roth IRA, depending on your tax situation.
At Catholic Life Insurance, we understand that every retirement journey is unique. That’s why we offer a variety of flexible tools and solutions to help you plan confidently for your financial future. Whether you’re just starting to save or approaching retirement, our retirement solutions can be tailored to fit your goals, timeline, and needs, thus providing the support and security you deserve.
Medicare Supplement Insurance
As of January 1, 2023, Catholic Life Insurance no longer sells Medicare Supplement Insurance. We will continue to support our existing Medicare Supplement policyholders.
If you have a question about your coverage, want to verify your benefits, or need service, we’re here to help you. With portability in mind, we designed the Catholic Life Insurance Medicare Supplement Web Portal using the latest technology to ensure compatibility with all modern smartphones and tablet devices. So all the information you need is just a tap away!
Prefer to speak to someone directly? Call 877-888-0796 to talk to someone about your claim. Catholic Life Insurance is not connected with or endorsed by the United States Government or the federal Medicare program. Products, rates, and services may not be available in all states. Products issued by Catholic Life Insurance are available to applicants who meet membership, insurability, U.S. citizenship, and residency requirements. Notice of Protected Health Information (PHI) Privacy Practices.
Why Catholic Life Insurance?
Faith-aligned
Protection
Member-owned
& Values-driven
We are licensed to operate in Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, Ohio, Oklahoma, and Texas. Not all products are available in all states. Products issued by Catholic Life Insurance are available to applicants who meet membership, insurability, U.S. citizenship, and residency requirements.
Not Sure What You Need?
Catholic Life Insurance is here for you, whether you’re planning for retirement, protecting your loved ones, or looking to make a difference.
Join a company where your money works for your family and community. You don’t have to be Catholic to join. You just have to care.
