An annuity is a financial contract between an individual — an annuitant — and an insurance company — the issuer. It can be structured in a lot of ways with a variety of custom features, including death benefit payments and inflation protection. Despite the range of structures, all annuities share a fundamental similarity. They involve an upfront payment in exchange for earned interest and a series of income distributions from the issuer. The size, timing, variability, and duration of the income distributions depend on how the contract is structured. For many people, this is determined by their retirement plan.

Annuities are financial products designed to provide an income stream you cannot outlive. An annuity is built for risk-adverse investors seeking a guaranteed return and principle. Upstream’s annuities provide protection from loss, steady and predictable growth, benefits of tax-deferred earnings, as well as a guaranteed retirement income.

Tax-deferred growth: Annuities facilitate tax-deferred growth, which can have a powerful compounding effect on your savings. But unlike 401(k) plans and individual retirement accounts, there are no contribution limits for annuities. Guaranteed stream of income: Annuities provide a guaranteed stream of income, which is invaluable for retirees. Stability: Annuities offer stability during turbulent economic periods. The downside protection is ideal for conservative investors that are unable to withstand market shocks. *In addition to these prominent benefits, some annuities offer the potential for joint life payments, death benefit payments and inflation protection.

There are many types of annuities. The variations exist to fit the diverse needs of investors, especially retirees. At the highest level, annuities can be identified by the following three categories. Fixed annuities: Offers a guaranteed rate of interest for a set period. They are extremely safe and have highly predictable, but modest, income streams. Fixed indexed annuities: Offers investors higher return potential than fixed annuities because they credit interest based on a market index, such as the S&P 500. They do not participate directly in the stock market, but they offer annuitants upside potential and downside protection via a guaranteed minimum rate of return. Variable annuities: Offers higher return potential than fixed indexed annuities, but they are exposed to downside risk. These vehicles are comprised of a portfolio of underlying investments, and they can exhibit various degrees of volatility.

The Secure Legacy Multi- Year Guaranteed Annuity provides you with the ability to grow your investments with a competitive fixed interest rate, accumulate tax- deferred growth as well as providing a retirement income stream. This product also provides death benefits to protect your beneficiary(ies).

There are currently two ways to purchase our products; Our first suggestion is to contact your financial professional to purchase one of our products. The second is to call our Customer Service Team and let us connect you with one of our experienced financial professionals today!

Clients may withdraw Accumulated-Interest from their account after 30 days. They may take the withdrawal in one lump sum, or equal monthly or quarterly payments and the minimum withdrawal amount must be $100 or more. Policyholders may also add a Withdrawal Rider that allows you to take up to 10% withdrawals free of surrender charges, beginning the second year of the contract and incurs a reduction of 15-basis point in the crediting interest rate.

During the thirty (30) days immediately following the end of any Interest Guarantee Period, the Owner may choose one of the following options: (1) Renew the contract with a Guarantee Period equivalent to the Initial Guarantee Period. (2) Renew the contract for another Guarantee Period. (3) Take a Partial withdrawal and apply the remaining funds to another Guarantee Period with no Surrender Fees or Market Value Adjustment. (4) Make a Full Surrender of the Contract with no Surrender Charge or Market Value Adjustment. (5) Complete a 1035 Exchange of your policy into another product or carrier. (6) Apply the Contract Value to a Settlement Option.

Income for a Stated Period, (Must be between 5 years and 20 years) Income for a Stated Amount, (Between 5 years and not to exceed 30 years) Income for Life (Payments will continue for the lifetime of the Annuitant) Income for Life with a Period Certain