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What is an Annuity?
An annuity is a financial contract between you and an insurance company. You make a one-time payment—called a premium—and in return, you receive a guaranteed interest rate for the length of the contract. It’s a way to grow your money safely and predictably, often used to plan for retirement or long-term financial goals.
Benefits of Annuities
Annuities offer a powerful combination of stability, growth, and peace of mind. With a guaranteed interest rate, your money grows predictably over time – shielded from market volatility. This makes annuities an attractive option for individuals looking to preserve their wealth while still earning a reliable return. Whether you’re planning for retirement or simply want a safe place to grow your savings, annuities provide a dependable foundation for your financial future.
Beyond growth, annuities can offer long-term income solutions. Many annuity products allow you to convert your investment into a stream of income that can last for a set period—or even for life. This can help ensure you never outlive your savings, making annuities a valuable tool for retirement planning. Plus, with options for tax-deferred growth and customizable features, annuities can be tailored to fit your unique financial goals.
Learn MoreRisk Avoidance
Protect your money from market swings with guaranteed growth and zero exposure to volatility.
Protection
Your principal is safe. Annuities offer guaranteed security, shielding your investment from market loss.
Tax Advantages
Grow your money tax-deferred, meaning you won’t pay taxes on earnings until you withdraw them – helping your savings compound faster.
Retirement
Turn your savings into steady income for life – so you can retire with confidence and financial peace of mind.
What is an Annuity?
An annuity is a financial contract between you and an insurance company. You make a one-time payment—called a premium—and in return, you receive a guaranteed interest rate for the length of the contract. It’s a way to grow your money safely and predictably, often used to plan for retirement or long-term financial goals.
Initial Guarantee Periods
2, 3, 4, 5, 6, 7, 10 & 15 year
Markets
Qualified & Non-Qualified
Issue Ages
0-80 81 & Up*
(*death benefit rider required)
Minimum Contract Value
$10,000
Maximum
$1,000,000
(without home office approval)
Death Benefit
Cash Surrender Value
Death Benefit Rider Available
Free Withdrawal
Accumulated Interest
- After 30 Days
- Minimum withdrawal $100
- Lump sum or equal monthly or quarterly payments
Required Minimum Distribution
- After first anniversary Date
- Minimum withdrawal $100
- Current RMD must be taken prior to transfer/rollover
10% Free Withdrawal Rider
- Beginning second contract year
- Up to 10% of contract value at most recent anniversary date
- Costs 15-basis point reduction in crediting interest rate
Death Benefit Rider
- Death benefit equal to contract value
- Costs 25-basis point reduction in crediting interest rate
- Rider required for issue ages 81+
All riders require a minimum $100 monthly withdrawal and are available in lump sum or equal monthly or quarterly payments.
| Guarantee Period | Surrender Charge Period* | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
| 2 - Year | 10% | 9% | |||||||||||||
| 3 - Year | 10% | 9% | 8% | ||||||||||||
| 4 - Year | 10% | 9% | 8% | 7% | |||||||||||
| 5 - Year | 10% | 9% | 8% | 7% | 6% | ||||||||||
| 6 - Year | 10% | 9% | 8% | 7% | 6% | 5% | |||||||||
| 7 - Year | 10% | 9% | 8% | 7% | 6% | 5% | 5% | ||||||||
| 10 - Year | 10% | 9% | 8% | 7% | 6% | 5% | 5% | 5% | 5% | 5% | |||||
| 15 - Year | 10% | 9% | 8% | 7% | 6% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
*Surrender charges may vary by state
For issue ages 55+, the 15-year Guarantee Period will have surrender charges reduced to 0% in 11+ Surrender charge 5% during any renewal Guarantee Period