June is National Annuity Awareness Month!
June 2, 2023
So what’s the big deal about annuities, you ask? More than you may realize.
According to LIMRA, total 2023 first quarter annuity sales were $92.9 billion, which was a 47% increase from prior years and set an all-time quarterly sales record. Based on these trends, LIMRA predicts annuity sales to top $300 billion this year.*
Because annuities offer consumers a way to create predictable guaranteed income payments, annuity products have the ability to play a critical role in retirement for individuals in all income brackets.
Annuities take the guesswork out of growth, they offer protection and the earnings and peace of mind that only a guaranteed fixed return can provide. See details below:
NEW at 1891 Financial Life is the 3-Year Flexible Premium Deferred Annuity or FPDA.
3-Year FPDA1
- 4.50% First Year Interest Rate
- Issue ages 0 – 85
- $300 – $250,000 Premium
Our most popular annuity is our Multi Year Guaranteed Annuity or MYGA - with a guaranteed rate for 5 YEARS!
The MYGA Premier Plus2
- 4.50% Guaranteed Rate for 5 Years
- Issue ages 0 – 85
- $5,000 – $250,000 Premium
Riders included at no additional cost.
- Penalty Free Withdrawal Rider – Beginning in the second year, withdrawal charges will be waived on a withdrawn amount that is less than or equal to 10% of the accumulation value (as of the preceding certificate anniversary). A withdrawal charge will be applied only to amounts in excess of the 10% accumulation value each certificate year.
- Terminal Illness/Nursing Home or Hospital Confinement Rider – If you are diagnosed as terminally ill or confined to a nursing home, the withdrawal charge will be waived on a single withdrawal of up to 100% of the accumulation value (after 30 days). (Not available in CA)
- Enhanced Death Benefit Rider – When the owner dies, the death benefit amount will be the accumulation value on the date of death, withdrawal charges will be waived.
Taxes on interest gains are deferred until money is withdrawn.
Questions? Contact your Sales Rep!
Glenn Hacker 872-263-2467
Donna Carling 872-263-2356
Anthony Kampf 872-263-2422
About 1891 Financial Life
At 1891 Financial Life we don’t just sell policies, we offer possibilities. We pride ourselves on giving back to the communities that we serve by providing quality and comprehensive insurance solutions. We are a not-for-profit life insurance Society, which means the sales from these financial service products help fund member benefits along with social, educational, and volunteer programs designed to respond to community needs.
Our portfolio is extensive, ranging from various life insurance policies to our MYGA to support your financial needs no matter what stage of life you’re in. For more information, contact us at info@1891FinancialLife.com