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Life Annuity Presentation
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An IRA is a type of personal pension plan. Like all retirement plans it is designed to help you accumulate money for retirement. An Individual Retirement Annuity can help you save for retirement in several ways:
- If you qualify you can deduct your IRA contributions for federal tax purposes.
- Interest earnings on an Individual Retirement Annuity are tax-deferred until you take them out.
Flexible Premium Retirement Annuity
The premium accrues interest generally on a tax-deferred basis until the owner elects to receive payments. It's designed for long-term accumulation and ideal for accumulating money for retirement. One free withdrawal of up to 10% of the annuity account value is permitted each year.
Single Premium Retirement Annuity
The single premium accrues interest generally on a tax-deferred basis until the owner elects to receive payments. Designed for long term accumulation. Ideal for accumulating money for retirement. One free withdrawal of up to 10% of the annuity account value is permitted each year.
Single Premium Immediate Annuity
To provide an immediate annuity, we issue a single premium deferred annuity and annuitize it at issue. Payments must start within one year and can be made monthly, quarterly, semiannually or annually. Payments can continue for the life of the annuitant or be based solely on interest and/or a period of time. One free withdrawal of up to 10% of the annuity account value is permitted each year, on non-life contingent payouts.
This is an illustration and not a contract. Complete details are contained in the policy.