Fixed annuity review and rates

Platinum 8

Platinum 8 is a Flexible Premium Deferred Annuity.
A fixed annuity is a contract whereby for the premium or multiple premiums received, ISDA agrees to pay the Owner income from this annuity at a later date. Annuities are meant to provide funds for retirement and are considered to be long term.
Note: If an Owner other than the annuitant purchases the annuity, that Owner shall have control of the annuity contract issued until ownership is transferred to the annuitant.

Minimum Deposit
$5,000 – Maximum $1,000,000  (Q/NQ)
Additional deposits are accepted through the life of the policy with decreasing surrender charges.

Issue Age

Free Withdrawals 
  • Interest W/D After 30 Days 
  • 10% of cash value at 1st anniversary (contractual) 
  • plus 5% of cash value at 1st anniversary (fraternal benefit)
  • RMD for qualified plans 
  • Death of annuitant 
  • Annuitization – 8 year minimum 
  • Additional deposits do not reset penalty
Death Benefit
The death benefit payable at the death of the Annuitant shall be the contract cash value as of the date of death. The contract cash value is (1) the sum of premiums paid plus (2) interest credits plus (3) any dividends added less (4) any withdrawals. 

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
ISDA Financial Life
Founded: 1960
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 15%
Types of funds
Non-Qualified, IRA, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, and 1035 Exchange