What is a Fixed Deferred Annuity?

Fixed Annuities can help you accumulate money for retirement and you get the peace of mind that your investment will not decline in value. Your money also grows tax deferred and you do not have to pay taxes on the money that accumulates until you decide to begin receiving annuity payments (Withdrawals before age 59 ½ are subject to a 10 percent federal income tax penalty).

Fixed Annuities offer these attractive financial planning features:

1. Protection from market volatility
2. Guaranteed minimum interest rates
3. Tax-deferred cash accumulation
4. A guaranteed income stream you can’t outlive
5. An ability to avoid probate by designating a beneficiary

Features At a Glance

• First year interest rate is guaranteed.
• All other year's interest rates are declared annually with a "Target Interest Rate" equal to the "Bailout Rate" and a Guaranteed Minimum Interest Rate of 2.0%.
• "Bailout" feature - If the renewal interest rate is ever less than the Target Rate/Bailout Rate, you may make a full or partial surrender of the annuity within 30 days of the anniversary issue date without incurring any surrender charges.
• $10,000 to $100,000 single premium. (non-qualified & IRA funds accepted).
• Issue Ages (Owner): Ages 18-85 for series 3 only; Ages 18-80 for series, 5, 7 & 9 (age calculated to nearest birthday)  If the owner is not a Natural Person, the Annuitant age must be in conformance with the above ages.
• Up to 10% annual withdrawals without surrender charges after the first year.
• Surrender Charges schedule: