A Flexible Premium Deferred Annuity from Woman’s Life Insurance Society lets you decide how much and how often to contribute. You can make premium payments systematically (such as monthly, quarterly, or annually) or periodically, when the opportunity arises.
Your money earns a competitive fixed interest rate on a tax-deferred basis. You won’t pay taxes on your earnings until distribution is made from your annuity.
When you’re ready to retire, benefits can be taken under several options – from a lump sum to a guaranteed income for the rest of your life, no matter how long you live.
Issue Age 0 - 85 (Traditional IRAs: 18-69, only rollover amounts can be accepted at issue ages 70 and above. ROTH IRAs: 18-85)
Minimum Contribution $500 initial deposit or $25 per month Ages 0 – 24 $1,000 initial deposit or $50 per month Ages 25 - 49 $1,000 initial deposit or $100 per month Ages 50 and above Additional Payments could be accepted as a Lump Sum or periodic payments.
Maximum Contribution $500,000
Withdrawals After the first certificate year, up to 10% of the accumulated value of the certificate in any one certificate year can be withdrawn without charge. Withdrawal charges are a percentage of the partial withdrawal and are the same percentage as the surrender charge. Withdrawal charges are imposed during the first ten certificate years only.
Principal guarantee Cash surrender value will not be less than the total amount of premium paid minus previous withdrawals.
Security A wide variety of attractive retirement income options, including payments for life or a specific number of years.
Notes From TSP, P/S, 457 Def Comp, may have to identify pre tax funds and after tax to set up an IRA account and / or NQ account.
Fraternal Benefits Available to Social & Benefit Members Woman’s Life Member Discount Program Life Line Screening Accidental Death Fraternal Benefit Local Chapter Involvement
Fraternal Benefits Available to Benefit Members Good Health Benefits Woman’s Leadership Development Grant Scholarship Opportunity