4.4
based on complex data
Annuity Educator Rating
Annuity review
Millennial Elite 8
ISDA Financial Life, founded in 1960, plays a key role in the financial services sector by providing annuity and life insurance policies to its members. Serving as a tax-exempt, non-profit company owned by its members and regulated by the state it serves, ISDA offers an assortment of low-risk and high-return annuity, IRA, and life insurance solutions. With an objective to generate income for its members, the company seeks to maximize growth for every account it manages.
!
Your top 3 from 110+ insurance companies
Free · No obligation · Takes about a minute
Get My Top 3 AnnuitiesAbout Product
Premium Type
Flexible Premium
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$300
Maximum Contribution
$3,000
Max Age Qualified
40
Types Of Funds
Non-Qualified, Traditional IRA, IRA Rollover, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 1035 Exchange, NQ Stretch, Roth Conversion (Partial), and Roth Conversion (Full)
Launch Date
04/01/2025
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 8 | 7% | 3.18% | 7% |
Millennial Elite 8 is a Flexible Premium Deferred Annuity.
Minimum Deposit
$300 (or $25 to 250 month ACH) – Maximum $3000 (Q/NQ)
Additional deposits:
The IRS may limit annual deposits into qualified accounts.
Free Withdrawals
Minimum Deposit
$300 (or $25 to 250 month ACH) – Maximum $3000 (Q/NQ)
Additional deposits:
The IRS may limit annual deposits into qualified accounts.
Free Withdrawals
- 10% of cash value at 1st anniversary (contractual)
- Death of annuitant
- Annuitization – 8 year minimum
- Additional deposits do not reset penalty
Please note this product is Non-commissionable.
Year by Year Account Balance
Understand how your money will increase when invested in Millennial Elite 8.
See if this annuity ranks in your top 3 for
Ohio
Free · No obligation · Takes about a minute
Get My Top 3 Annuities
!
Riders
No Riders for Millennial Elite 8 annuity.
Waivers
Death
Free Withdrawals Without ISDA Surrender Charges: Death of annuitant
Annuitization
Free Withdrawals Without ISDA Surrender Charges: Annuitization – 8 year minimum
RMD
The product includes Penalty-Free Withdrawal Provisions for RMDs for qualified plans.
Company Founded: 1960
Good Rated
Company
Company Ratings
4.1
- A.M. Best -
Assets: $334,000,000
Pennsylvania
Other ISDA Life Products
Similar Products
Personal Choice (State Variation) ages 60+
C+
6.25%
Earnings from $100K
$52,863
Term
7yrs