Annuities

Fixed Deferred Annuities (FDA)

A fixed annuity offers safety of principal and earns a guaranteed interest rate for a specified period of time. (Your interest rate is guaranteed by the issuing companies for FDA and FDA-Plus.) It is a low-risk product designed for more conservative investors who, most importantly, don't want to worry about the ups and downs in the stock or bond markets. It can also be a good choice for investors who don't want to be burdened with making any complex investment decisions.

FDA
At the time of your retirement, you want a comfortable income that will enable you to maintain your lifestyle. FDA can help you achieve this goal. With no front-end sales charge and, currently, no annual maintenance fee, FDA allows your money to start growing on day one. (Liquidated earnings are subject to ordinary income tax and may be subject to surrender charges and, if taken before age 59 ½, a 10% federal income tax penalty may apply.)

A choice of surrender charge periods
Each individual has unique retirement goals, and that's why FDA gives you a choice of either a 5-year or 7-year surrender charge period. Interest rates credited will differ based on the surrender charge period you select.

100% return of principal
If the need arises for you to request a full surrender of your FDA contract prior to the end of your surrender charge period, you will never receive an amount less than your purchase payments, adjusted for any prior surrenders and applicable state premium taxes.

Note: FDA is subject to state availability. Please contact Amerites insurance department for further information.

FDA-Plus
Protecting your investment at retirement may be very important to you. If you are not willing to take risks due to market fluctuations or wish to diversify your retirement savings with a guaranteed minimum interest rate, the FDA-Plus fixed annuity may be a good choice.

FDA-Plus offers competitive interest rates. It is a flexible premium annuity that allows you to add more to the contract at any time in the accumulation phase. In addition, you can plan for a lifetime of income with a variety of flexible annuitization and liquidity options for the future. (Guarantees of lifetime income are based on the claims-paying ability of the issuing company or companies.)

A choice of surrender charge periods
Each individual has unique retirement goals, and that's why FDA-Plus offers you a choice of either a six-year or eight-year surrender charge period (subject to state availability). Interest rates credited will differ based on the surrender charge period you select.
 
100% return of principal
If the need arises for you to request a full surrender of your FDA-Plus contract, you will receive an amount not less than the purchase payments, adjusted for any prior surrenders and any applicable state premium taxes. Surrender charges will apply to partial surrenders if the amount requested is above the free withdrawal amount (subject to a 10% cap per purchase payment).

Note: The FDA-Plus product and/or its features are subject to state availability. Please contact Amerites insurance department for further information.

 

Immediate Annuities

Provide income for as long as you choose, even for life. You may elect a payout where you will never outlive the income generated by the Single Premium Immediate Annuity. (Payment of lifetime income is contingent upon the claims paying ability of the issuing company or companies.). Please contact Amerites insurance department for further information.

Single Premium Immediate Annuity (SPIA)

Single Premium Immediate Annuity (SPIA) works simply. When you pay the insurer a lump sum premium, the insurer guarantees to make regular payments to you, typically starting immediately. Each payment is fixed and stable for the time period selected. (Payment of lifetime income is contingent upon the claims paying ability of the issuing company or companies.)

SPIA is predictable
We guarantee the amount of each payment, providing you the security of knowing exactly how much income you will receive each month. Don't worry about the stock market's ups and downs. Your SPIA can provide a solid base, on which you can build a diversified retirement income plan.

A variety of income options
Identify your objectives and your investment professional will help you choose the income option that's right for you. That way you'll enjoy reliable income that you can depend on for life.

Available Income Options:

• Single Life
• Single Life (Payment Guaranteed for Amount of Single Premium)
• Single Life with Guaranteed Payment Period
• Joint and Survivor Life
• Joint and Survivor with Guaranteed Payment Period
• Joint and Survivor with Reduced Income to Survivor
• Joint and Survivor with Reduced Income to Survivor with a Guaranteed Payment Period
• ERISA Option
• ERISA Option with a Guaranteed Payment Period
• Annuity Certain Income Option
  

 

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