A Good Plan Can Create A Great Retirement

These days, no matter whether retirement is a mere speck on the horizon or looms large, there’s a real concern about not only how much you’ll have to retire on, but whether you will outlast your retirement income. Put your fears to rest with a Non-Qualified Annuity1, which offers a safe, flexible way to maximize the growth of your retirement savings through tax deferral and receive a lifetime income. Your spouse can even continue the tax-advantaged savings should you pass away. 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 ratio3,4
  • Portfolio of high-quality investments

FAQs

What is an annuity?

An annuity is a type of policy issued by an insurance company that allows you to save money for retirement. The money you pay in can be either a lump sum or several payments. These contributions then earn interest, generally tax-deferred, and after a period of time, provide you with a stream of income.

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.

What is the difference between a qualified and a non-qualified annuity?

A qualified annuity qualifies for certain tax benefits; this happens when money for the contract is contributed on a before-tax basis. A non-qualified annuity is comprised of two elements: money you paid into the policy post-tax that will never be taxed again, and an income portion on which taxes are deferred until a withdrawal is made or you decide to start receiving regular annuity payments. Please contact your tax advisor for details about how this works.

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.

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.
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.