A Simple and Secure Way to Fund Your Future

A tax-deferred annuity is a type of financial product you can use to help prepare for your retirement. When you fund this kind of annuity, you're essentially setting aside money to grow over time. So, what is tax-deferred? That just means that the interest your money earns doesn't get taxed right away. Instead, you only pay taxes on the gains when you take the money out. A tax-deferred annuity can be beneficial to retirees because many people find themselves in a lower tax bracket when they retire compared to their working years. By deferring the taxes, you're not just delaying payment, but you're also allowing your money to compound and grow more since it's not being reduced by taxes each year. This means that by the time you're ready to use it, you'll have a larger sum saved up, and could ultimately pay less in taxes.

You can withdraw money from your Future Fund at any time. You get free withdrawals up to the annual 10% of your Accumulation Value each year without having to pay fixed annuity surrender charges. Also, IRS Required Minimum Distributions (RMDs) can be taken without penalty.

The Future Fund offers the flexibility to withdraw up to 10% of your annuity's Accumulation Value each year without being charged. Should you need to withdraw more than this annual 10% threshold, the additional amount will be subject to a surrender charge as outlined in the annuity's surrender charge schedule.

With the Future Fund, the interest rate is locked in for the term you choose. Term lengths can be either 3, 5, or 7 years. This means the rate won't change during that time.

If you’re looking for low-risk investment options, the Future Fund can give you the stability you want because it is not exposed to stock market fluctuations. Money grows based on the interest rate locked in when the annuity contract is purchased, making the Future Fund ideal as a low-risk retirement investment.