A Well-feathered Nest Prepares You To Fly

By planning smarter and starting sooner, you’ll give your retirement product more time to work harder. A Flexible Premium Deferred Annuity (FPDA) allows you to make additional contributions over time. The interest grows and can turn into a guaranteed income stream later in life. AND annuities aren’t taxable until you withdraw money.4

What’s more, through your purchase you give back to your community, because 1891 Financial Life devotes a portion to fund vital social, educational, and volunteer programs right in your own backyard.

Product Specs

Check out a brief overview of our Flexible Premium Deferred Annuity (FPDA)1.
  • Available for ages 0 – 90
  • Flexible premium deferred annuity1
  • Competitive interest rates
    • First year interest rates are guaranteed
    • Bonus rate over the minimum guaranteed rate in the second year
    • Minimum interest rate is guaranteed 2
  • 3-Year Certificate
      • $5,000 minimum initial deposit to $500,000
      • Withdraw up to 10% of your account after the first certificate year without incurring a withdrawal charge; additional withdrawals are subject to charges, but will be waived to pay for your nursing home expenses or if you become permanently disabled3,4,5
      • Contact Us for rates!
  • 7-Year or 10-Year Certificate
      • $1,000 minimum initial deposit to $1,000,000
      • Withdraw up to 10% of your account in a certificate year without incurring a withdrawal charge; additional withdrawals are subject to charges, but will be waived to pay for your nursing home expenses or if you become permanently disabled3,4,5
      • Contact Us for rates!
  • Tax-deferred growth on earned interest3
  • Funds are available to you at any time3,4

FAQs

What is a Required Minimum Distribution (RMD)?

Qualified contracts—that is, those held in IRAs—are subject to the same RMD rules as other qualified retirement products. Non-qualified contracts offer tax-deferred growth of after-tax funds and have no required withdrawals until you decide to start receiving regular annuity payments, as defined by the annuity’s contract terms.

Can I withdraw my funds without a penalty?

To avoid an IRS penalty, you must be 59-1/2 or older when you make a withdrawal. To avoid a surrender charge, please consult your contract or your 1891 Life advisor. All surrender charges are listed in your contract.

DISCLOSURE

Annuities are insurance products; NOT bank deposits or FDIC insured. Available in CA, CO, IL, IN, IA, KS, MI, MN, MO, MT, NE, ND, OH, OR, SD, WA, WI unless otherwise specified. This webpage is not a contract; see policy forms for full details. Guarantees backed solely by claims-paying ability of 1891 Financial Life.
1ICC23FPDA Plan Series.
2Minimum guaranteed interest rate; renewal rate based on market conditions.
3Consult your tax advisor regarding your individual situation.
4Withdrawals of earnings are taxed as ordinary income and may be subject to surrender charges; a 10% IRS penalty may apply before age 59½. Consult a tax professional.
4Waiver of withdrawal charges for terminal illness or nursing home/hospital confinement is not available in California.