PFA Annuity Information

PFA Annuities – A Sound Investment

In order to provide members with the most complete and flexible portfolio possible, the Polish Falcons also offers annuity products. Annuities are cash accumulation plans with many distinct advantages over other types of savings programs or investments. They are a simple and effective way for anyone – regardless of means – to put money away for the future.

Read the plan descriptions below to learn about any one of our annuities.

Annuity Plans
The Falcons offers several annuity plans which provide competitive earnings on a tax-deferred basis. All PFA Annuity rates are subject to change and are not guaranteed. The minimum guaranteed rate is 3%. All rates are current as of October 1, 2007. Surrender charges may apply for early withdrawal.

PFA Preferred Annuity – 5.0% Interest Rate

Minimum Initial Deposit: $2,000.
The interest rate includes 0.5% more than the Standard Annuity interest rate for the lifetime of the annuity.
The interest rate is subject to change at any time during the term of the annuity contract and is not guaranteed.
10-Year Surrender Charge Period.

PFA Standard Annuity – 4.5% Interest Rate

Minimum Initial Deposit: $1,000.
The interest rate is subject to change at any time during the term of the annuity contract and is not guaranteed.
6-Year Surrender Charge Period.
Bonus Feature: An additional 0.25% will be added to the interest for one year on new deposits of $5,000 or more. For existing Standard Annuities, the additional interest only applies to the newly deposited amount.

Falcon CD Annuity – 4.25% Interest Rate

Minimum Initial Deposit: $5,000.
Interest rate is locked for 5 years.
After 5 years the Standard Annuity interest rate will apply.
6-Year Surrender Charge Period.

Freedom Annuity – 3.5% Interest Rate

Minimum Initial Deposit: $2,000.
Interest rate is locked for 12 months.
Surrender charge is eliminated after 12 months.
After 12 months the interest rate will be the Standard Annuity interest rate minus 1%.

Basic Annuity – 3% Interest Rate

Minimum Initial Deposit: $300.
The Basic Annuity is credited with the minimum guaranteed interest rate of 3% any time the principal account balance is less than $1,000. For principal account balances of $1,000 or more, the Standard Annuity interest rate will apply.
6-Year Surrender Charge Period.

All of these plans can be issued as a qualified Individual Retirement Account (or Roth IRA or as a transfer or rollover from another IRA plan or qualified retirement plan). Information on returns for annuity plans can be found by contacting National Marketing Director
Joe Elliott, at 1-800-535-2071 or by e-mail.

*Please consult your tax advisor for detailed information regarding your tax deductions.

Coverdell Education Savings Account

Minimum initial deposit: $300.
The maximum annual deposit $2,000 per child.
Qualified distributions are tax-free.**

**Annuitant may only withdraw interest earned without penalty. Surrender charge for withdrawals on the principal decreases over six years.

Roth IRA
Having an IRA with the Polish Falcons can also mean significant tax savings with the "Roth IRA." This retirement plan provides additional incentives to save, and was created as part of the Tax Relief Act of 1997.

While the "Roth IRA" does not allow tax-deductible contributions, the advantage of a Roth IRA is that it lets you withdraw money when you retire without having to pay income taxes on the amount. (Assuming the account has been in effect for at least five years and the accountant holder is older than age 59 1/2.)

Set up your own Roth IRA or Annuity and take advantage of our competitive interest rates for deferred annuities.

Annuity Applications
To request an Annuity Application, or for more information about PFA Annuities, please contact PFA National Marketing Director, Joseph Elliott, by phone at 1-800-535-2071 or by e-mail.

PFA Insurance
Part of planning for your family's future financial stability is acquiring the right life insurance protection. Click the link for information on several plans offered by the Polish Falcons of America.

PFA Agents
To find an agent in your area, click here.