Single Premium Deferred Annuity
Our Single Premium Deferred Annuity (SPDA) plan provides a fixed annuity with a guaranteed interest rate for your choice of 3, 5, or 7 years. It’s designed for individuals seeking a safe, stable, and reliable way to grow their savings while protecting against market volatility.
Download the Single Premium Deferred Annuity brochure.
Please contact your local representative with any questions regarding coverage.
Single Premium Deferred Annuity Highlights:
- Fixed Guaranteed Interest: Lock in a guaranteed rate for 3, 5, or 7 years.
- Tax-Deferred Growth: Earnings grow tax-free until withdrawal, maximizing long-term potential.
- After the first policy year, a partial withdrawal of up to 10% of the annuity fund value may be made once each year without a surrender charge. Also, each year the amount of the Required Minimum Distribution (RMD), if any, will not be subject to a surrender charge.
- No Market Risk: Your investment is shielded from stock market ups and downs.
- Flexible Options: At the end of your term, choose to withdraw funds, roll over to a new term, or annuitize for steady income.
- Safe & Reliable: Stability, growth, and zero management fees.
- Attractive Rates: Typically higher than standard CDs.
Benefits
Safety
No exposure to unpredictable market fluctuations.
Flexibility
Access funds when needed with partial withdrawals.
Tax Advantages
Defer taxes until you withdraw, allowing for compounded growth.
Risk-Free-Growth
Guaranteed returns without stock market risk.
Ideal For
- Individuals seeking secure savings growth without market risk.
- Those concerned about economic uncertainty or volatility.
- Retirement planners who want to lock in guaranteed returns while deferring taxes.
This plan combines the peace of mind of guaranteed interest with the growth advantages of tax deferral—making it an excellent choice for building financial security and preparing for retirement.
This is only an illustration of benefits, not a contract. See the contract for complete description of benefits, conditions and exceptions.
