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.
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About Product
Premium Type
Flexible Premium
Fee withdrawal:
10% (From Year 2)
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$300
Maximum Contribution
$3,000
Max Age Qualified
40
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, and 1035 Exchange
Launch Date
04/01/2025
Traditional Fixed Annuity Interest Rates
| Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
|---|---|---|---|
| 8 | 7% | 3.5% | 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.
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
Company Founded: 1960
Good Rated
Company
Company Ratings
4.1
- A.M. Best -
Assets: $334,000,000
Pennsylvania
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