A flexible premium deferred annuity is a simplified product offering that is used to grow your money over time. While most annuities only allow for a single payment, this flexible product gives you the choice of making just one contribution or a series of payments—whichever better fits your budget. Because this annuity is tax-deferred, your money is not taxed until it’s withdrawn, so it will keep accumulating over time with a guaranteed minimum crediting interest rate.
Product Details Issue Ages: 18-90 Minimum Premium: $100 Maximum Premium (per year): $100,000 Per Family: $500,000 Additional premiums (subsequent payments) accepted as a Lump Sum or periodic payments. Qualified and Non-Qualified options available.
Liquidity Options Interest: Available at any time after the first 30 days. Interest withdrawals are taken without incurring withdrawal charges. Penalty Free Withdrawal: 15% of the principal is available once per contract year, beginning in the second contract year.