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
      • 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
      • 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

Subject to change. Product/features may not be available in all states. Product descriptions are not a statement of contract; please refer to the policy forms for full disclosure of all benefits and limitations.
13-Year ICC23FPDA Plan Series. 7 or 10-Year ICC20FPDA Plan Series.
2Minimum guaranteed interest rate; renewal rate based on market conditions.
3Consult your tax advisor regarding your individual situation.
41891 Financial Life may apply a small surrender charge on withdrawals, see certificate for details. The IRS may impose a fee on withdrawals made prior to age 59 ½.