RETIREMENT REALITIES
Almost half of Americans report that outliving their savings is their greatest retirement concern.1 Funding retirement remains one of the biggest economic and social challenges facing the world in the 21st century.2
Global average life expectancy increased by 5.5 years between 2000 and 2016, the fastest increase since the 1960s.3
According to a 2019 FDIC report, the national interest rate on savings accounts hovered around 0.09% APY.4 In addition, the average interest rate for 5-year CDs fell from 1.48% to 1.14% in 2019 alone.5
Your premium starts earning interest immediately based on our competitive, guaranteed interest rate.
You only pay income tax when you begin taking withdrawals.
Beginning the first year, you may withdraw up to 15% of your annuity value free of charge, depending on the annuity product chosen.
Leave a legacy for your beneficiaries and avoid probate. In the event of your death, and depending on the annuity product chosen, your beneficiaries will receive your full annuity value.
Choose a guarantee period that fits your financial needs and goals. Our MYGA annuities offer a range of guarantee periods from 3 to 7 years.
There are no set-up or administrative charges. Your single premium accumulates interest immediately when the contract begins.
Interest earned on your annuity grows on a tax-deferred basis. As a result, your premium and interest go to work for you immediately. You don’t pay taxes on growth until you withdraw the money.
The values shown are for example only and assume that interest is credited daily and that earnings from the taxable account are taxed annually at 28%.
Sources for statistics: 1White paper “Investing in (and for) Our Future”, World Economic Forum, June 2019. 2Retirement Readiness Survey, Aegon Center for Longevity Transamerica Center for Retirement Studies and Instituto de Longevidade Mongeral, May 2019. 3Global Health Observatory data, World Health Organization. 4Average Percentage Yield (APY) is the real rate of return on a savings deposit. 5Historical CD Interest Rates: 1984-2020, Bankrate.com, January 2020
Tax-deferred annuities allow your money to grow without being reduced by annual taxes, helping you maximize the power of compound growth. Learn how tax deferral works and why it can be an effective strategy for long-term financial planning.
