The LifeHorizons Single Premium Deferred Annuity and Flexible Premium
Deferred Annuity offer you safe, proven ways to save for retirement. There are
no sales charges, loads, fees or administration costs, so 100 percent of your
premium goes into your account and begins earning interest immediately.
Annuities protect you by offering a guaranteed minimum interest rate for the
life of the contract and a guaranteed current interest rate for the first full
contract year – removing the downside potential found with many investment
The Return of Principal Guarantee has no risk of asset loss. The policy may
be surrendered at any time, and we guarantee a cash surrender value not less
than the total of premiums paid minus any amounts previously withdrawn and
related surrender charges. Surrender charges may vary depending on the contract
year the policy is surrendered.
Concerns about outliving your savings are lessened with the purchase of an
annuity. You can select from a variety of payout options that tailor your
annuity to your individual needs, such as an option that guarantees you an
income for the rest of your life.
Other features include:
- Withdrawals of up to 10 percent of the account value may be made once each
year without a surrender charge.
- Optional Maturity Date provision allows your client to extend the maturity
age of 85 indefinitely in 10-year increments thereby continuing the tax
- Beneficiary receives funds directly, avoiding probate.