Ready to plan for the future? CFL annuities offer a reliable way to save and grow your money. Start investing in your tomorrow today!
Have you given much thought to how you will maintain your current lifestyle? How certain are you that you will have an income for life? Unlike 401(k)s and IRAs, which require that you begin making withdrawals at age 73, you may be able to wait much longer with annuities.
Current Interest Rates
Flexible-Premium Annuity
6.50% (1st yr.)
Single Premium Annuity
6.00% (1st yr.)
5 Year Annuity
4.75%
3 Year Annuity
5.00% (5.25% on contributions of $50,000 and over)
Flexible Premium Deferred Annuity
A Flexible Premium Deferred Annuity for tax qualified and non-tax qualified funds. This product can be used as a vehicle to fund traditional and Roth Individual Retirement Accounts (IRAs). And provide for tax-deferred accumulation of funds. This annuity is intended to be a long term savings vehicle, particularly for retirement, and can help you save at your own pace. Issue age of 0 through 90. $300 minimum deposit. 3.0% minimum guaranteed interest rate. No sales charges or administrative fees.
A Single Premium Deferred Annuity for tax qualified and non-tax qualified funds. This product can be used as an alternative to Certificates of Deposit (CDs), and money market or savings accounts, as well as for pension rollovers, traditional and Roth Individual Retirement Accounts (IRAs). Issue age of 0 through 90. $2,000 minimum contribution. 3.0% minimum guaranteed interest rate. No sales charges or administrative fees.
A Single Premium Deferred Annuity for tax qualified and non-tax qualified funds. This product can be used as an alternative to Certificates of Deposit (CDs), money market and savings accounts, as well as for pension rollovers, traditional and Roth Individual Retirement Accounts (IRAs). Issue age of 0 through 90. $5,000 minimum contribution. 3.0% minimum guaranteed interest rate. No sales charges or administrative fees
A Single Premium Deferred Annuity for tax qualified and non-tax qualified funds. This product can be used as an alternative to Certificates of Deposit (CDs), money market and savings accounts, as well as for pension rollovers, traditional and Roth Individual Retirement Accounts (IRAs). Issue age of 0 through 90. $5,000 minimum contribution. 3.0% minimum guaranteed interest rate. No sales charges or administrative fees
Annuities are financial products that provide a steady stream of income during retirement, typically purchased from insurance companies.
How do annuities work?
When you purchase an annuity, you make either a lump-sum payment or periodic payments to the insurance company. In return, the insurer guarantees to provide you with regular income payments for a specified period or for life.
Are annuities only for retirees?
No, annuities can be purchased by individuals at any age as a means to secure future income. However, they are commonly used by retirees looking for steady cash flow in retirement.
What types of annuities are available?
There are several types of annuities including fixed, variable, indexed, and immediate annuities. Each type has its own features and benefits depending on your financial goals and risk tolerance.
Can I access my money if needed before the term ends?
Most annuities allow for partial withdrawals or loans against the cash value; however, these options may result in penalties or reduced future income payments.
Are annuities suitable for everyone?
Annuities may not be suitable for everyone as they often come with fees and surrender charges. It is important to consult with a financial advisor to determine if an annuity aligns with your financial needs and goals.
How do I get started with Catholic Fraternal Life's annuity products?
To get started with our annuity products, simply contact our dedicated team who will guide you through the application process and answer any questions you may have about our offerings.
