Annuities

Don’t outlive your retirement savings. Lay a foundation for income in retirement that can last a lifetime.

While Social Security and pensions might provide some of your income, it may not be enough to give you the retirement you want – and deserve.

Based on your personal needs and goals, a PFA annuity could be a key factor in your overall retirement strategy.

PFA can help you develop a strategy that’s right for you.

A PFA annuity can provide:

  • …growth that’s tax deferred.
  • …protection from market volatility.
  • …flexible income options for you and your spouse in retirement.

PFA Flexible Deferred Annuity

(9-Year Surrender)

The PFA Flexible Premium Annuity pays a competitive, current interest rate, and has a stated, minimum interest rate that is guaranteed as long as your contract stays in force.

  • Interest accumulates on a tax-deferred basis.
  • Additional contributions can be made up to $25,000 per year without affecting the original surrender charge period.
  • Up to 10% of your account balance may be withdrawn each year with no penalty.
  • Avoids probate.
  • Has no administration fees.
  • Minimum deposit to begin is $1,000.
  • Wavier Provisions for Nursing Home Confinement, Heart Attack, Internal Cancer, and Unemployment.
  • Surrender charges are as follows: (Year 1=8%) (Year 2=7%) (Year 3=6%) (Year 4=6%) (Year 5=5%) (Year 6=4%) (Year 7=3%) (Year 8=2%) (Year 9=1%) (Year 10=0%)
  • Plans can be Qualified-IRA or Roth IRA.
  • Non-Qualified account

(Withdrawals prior to age 59 1/2 may be subject to IRS penalties, please contact your tax advisor.)

Current Crediting Rates:

  • Band 1 – 1,000-1,999 = 1.50%
  • Band 2 – 2,000-9,999 = 2.00%
  • Band 3 – 10,000-49,999 = 2.50%
  • Band 4 – 50,000 and above = 3.00%

PFA Premier 5 Annuity

(5-Year Surrender)

The PFA Premier 5 Annuity pays a competitive, current interest rate, and has a stated, minimum interest rate that is guaranteed as long as your contract stays in force.

  • Interest accumulates on a tax-deferred basis.
  • Additional contributions can be made up to $25,000 per year without affecting the original surrender charge period.
  • Up to 10% of your account balance may be withdrawn each year with no penalty.
  • Avoids probate.
  • Has no administration fees.
  • Minimum deposit to begin is $10,000.
  • Surrender charges are as follows: (Year 1=6%) (Year 2=5%) (Year 3=5%) (Year 4=4%) (Year 5=3%)
  • Plans can be Qualified-IRA or Roth IRA.
  • Non-Qualified account

(Withdrawals prior to age 59 1/2 may be subject to IRS penalties, please contact your tax advisor.)

  • Current Crediting Rate: 2.25%

PFA Safeguard CD Annuity

The PFA Safeguard CD Annuity is a multi-year guaranteed annuity that offers a guaranteed fixed interest rate for a chosen period of 3, 5 or 7 years.

Plan Options:

  • 3 years – current interest rate of 2.25%
    • Withdrawal of funds prior to maturity are subject to surrender charge percentages —
      (Year 1=9%) (Year 2= 8%) (Year 3=7%)
  • 5 years – current interest rate of 2.50%
    • Withdrawal of funds prior to maturity are subject to surrender charge percentages —
      (Year 1=9%) (Year 2= 8%) (Year 3=7%) (Year 4=6%) (Year 5=5%)
  • 7 years – current interest rate of 2.75%
    • Withdrawal of funds prior to maturity are subject to surrender charge percentages —
      (Year 1=9%) (Year 2= 8%) (Year 3=7%) (Year 4=6%) (Year 5=5%) (Year 6=4%) (Year 7=3%)
  • Interest is compounded annually.
  • No additional contributions are allowed during the accumulation period.
  • Has no administration fees.
  • Minimum deposit is $15,000.

PFA Starter Annuity

The PFA Starter Annuity pays a competitive, current interest rate, and has a stated, minimum interest rate that is guaranteed as long as your contract stays in force.

  • Interest accumulates on a tax-deferred basis.
  • Additional contributions can be made up to $25,000 per year without affecting the original surrender charge period.
  • Up to 10% of your account balance may be withdrawn each year with no penalty.
  • Avoids probate.
  • Has no administration fees.
  • Minimum deposit to begin is $500. Must get to a $1,000 balance within three years.
  • Surrender charges are as follows: (Year 1=8%) (Year 2=7%) (Year 3=6%) (Year 4=6%) (Year 5=5%) (Year 6=4%) (Year 7=3%) (Year 8=2%) (Year 9=1%) (Year 10=0%)
  • Non-Qualified accounts only

(Withdrawals prior to age 59 1/2 may be subject to IRS penalties, please contact your tax advisor.)

  • Current Crediting Rate: 1.25%

Individual Retirement Account (IRA)

Annuities can be set up as Individual Retirement Accounts.

  • IRA-Deposits are set aside on a pre-taxed basis. When you reach 59 ½ years of age, you can access your money without any IRS penalties.
  • Roth IRA-Deposits are set aside on an after-tax basis. Deposits accumulate tax-free, as long as you wait to remove any money until you’re are 59 ½ years of age.
For more information regarding PFA Annuities, please contact John Denning at 800-535-2071 or by email at jdenning@polishfalcons.org.