Intuitions Flex
The Woman’s Life Insurance Society is a community non-profit organization founded in 1892. The company has been offering financial products for just over a dozen decades, each designed to help women, men, and children plan for their financial future. With life insurance and annuity products tailored to its clienteles' distinctive needs, Woman’s Life seeks to help all its members find financial independence.
Intuitions Flex
Ratings:
- A.M. Best -
About Product
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 8 | 3% | 3% | 3% |
- Want to start a retirement plan by making regular contributions with a low initial premium payment with or without an initial lump sum premium payment.
- Want an interest guarantee on each premium payment.
- Want earnings opportunities that reflect the current interest rate environment.
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the first certificate year, up to 10% of the accumulated value of the certificate in any one certificate year can be withdrawn without charge. This is available as a lump sum or in a systematic withdrawal mode.
This annuity does not allow any withdrawals during the first certificate year (including RMD).
Withdrawals from or surrender of annuities are subject to Federal Income Tax. In some circumstances a withdrawal may be subject to a penalty in addition to the Federal Income Tax.
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
Good Health Benefits
Woman’s Leadership Development Grant
Scholarship Opportunity
Riders
No Riders for Intuitions Flex annuity.
Waivers
Nursing Home
Unavailable in states: NJ, NY, and PA
Surrender and withdrawal charges are waived for confinement to a nursing home of a member or spouse for more than 30 days duration.
Terminal Illness
Unavailable in states: NJ, and NY
Surrender and withdrawal charges are waived for terminal illness with less than 12 months life expectancy of the member or spouse.
Annuitization
After the first certificate year, surrender and withdrawal charges are waived for annuitization to a life income option.
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