Love, Laugh…and Plan To Live Your Best Life

For most, planning for retirement requires looking into the future to think about the expected and the unexpected—making decisions without the aid of a crystal ball that will determine the quality of life that you and your spouse will enjoy for the rest of your life once you’ve stopped working. Fund your retirement fun with an Individual Retirement Account (IRA) Annuity, which offers the opportunity for higher returns along with elements of safety and flexibility. 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 Retirement products.
  • Available for ages 0 – 85
  • Flexible premium deferred annuity1
  • 3-Year Certificate
    • $300 minimum initial deposit, $50 minimum / $250,000 maximum annual additional contributions, $4,000,000 lifetime contributions
    • 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
  • 7-Year or 10-Year Certificate
    • $1,000 minimum initial deposit, $100 minimum / $250,000 maximum annual additional contributions, $4,000,000 lifetime contributions
    • 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
  • Guaranteed minimum interest rate2
  • Competitive interest rate
  • Tax-deferred growth on earned interest3
  • Interest earnings are taxable only upon withdrawal or when monthly payments begin3,4
  • Funds are available to you at any time3,4
  • Favorable distributions: tax-advantaged treatment can continue even while receiving regular annuity payments; regular payments may qualify for an exclusion ratio2
  • Portfolio of high-quality investments

FAQs

What do I need to consider when withdrawing from my traditional IRA?

Once you reach age 59-½, you can withdraw funds from your traditional IRA without IRS restrictions or penalties. But keep in mind that 1) your deductible contributions and earnings (including dividends, interest, and capital gains) will be subject to ordinary income taxes, and 2) once you reach age 72, you must start taking Required Minimum Distributions (RMDs) each year from your traditional IRA. You cannot redeposit your RMD.

Can I take an early withdrawal from my traditional IRA without a penalty?

If you’re under age 59-½, the IRS charges a 10% penalty—in addition to any ordinary income taxes due—on early withdrawals from a traditional IRA, and a state tax penalty may also apply. However, you may be able to file a “penalty exception” for any of these reasons: 1) first-time home purchase; 2) educational expenses; 3) disability or death; 4) medical expenses, 5) health insurance; 6) periodic payments; 7) involuntary distribution; or 8) reservist distributions. Please note that with all of these exemptions listed above, specific requirements and restrictions apply. Please check with your tax advisor to see if you qualify.

DISCLOSURES

Subject to change. Product/features may not be available in all states.
13-Year 23FPDA Plan Series. 7 or 10-Year 20FPDA Plan Series.
21st year guaranteed interest rate; renewal rate based on market conditions; minimum guaranteed interest rate 3.0% after year 1 effective 12-15-22.
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.