Intuitions® Five Single Premium Deferred Annuity (M03-2900 SPDA)
An Intuitions Five Single Premium Deferred Annuity from Woman’s Life, a Trusted Fraternal Life brand, can be a good choice if you plan to make a single lump-sum premium payment and want features such as a shorter surrender charge period and a longer-term interest rate guarantee, combined with tax-deferred earnings and early withdrawal options.
When you’re ready, you can choose to receive benefits under several options – from a lump sum payment to a guaranteed income for life, no matter how long you live!
Special Features
Single premium: This plan requires a minimum premium of $10,000 and allows a maximum premium of $500,000. The plan accommodates rollovers from qualified plans and accepts money you move from other financial sources such as matured certificates of deposit.
Principal guarantee: Your cash surrender value will not be less than the total amount of premium paid minus withdrawals.
Interest crediting method: The initial interest rate is guaranteed for the first five years. Thereafter, the interest rate is determined annually and could go up or down. However, the interest rate can never fall below the guaranteed minimum interest rate as specified in your contract.
Surrender and withdrawal charges: With this annuity, you have the option to access your money without surrender or withdrawal charges after the first five years. Charges are imposed during the first five certificate years. Withdrawal and surrender charges gradually decrease as shown in the following table:
| Certificate Year | 1 | 2 | 3 | 4 | 5 | 6+ |
|---|---|---|---|---|---|---|
| Surrender / Withdrawal Charge | 8% | 7% | 6% | 4% | 2% | 0% |
Special endorsements: This plan may be endorsed for both Traditional and Roth IRAs.
Trust your intuition. Trust Woman’s Life.®
How much will you need to save for retirement? Use our Retirement Calculator to find out.
For more information, request a free, no obligation needs analysis with a representative today.
Make the Connection: Woman’s Life, a Trusted Fraternal Life brand, provides the financial protection you expect with the added benefit of helping those in need. When you plan ahead to protect your family's financial security, you also help support scholarships, soup kitchens, charitable events, and more. Through our Chapter Financial Support Programs, we support communities to help neighbors, friends, and families. Click here to learn about the Communities and Causes supported by active Woman’s Life Chapters.
Current interest rates are not guaranteed and could go up or down. However, the current interest rate can never go below the guaranteed minimum rate as stated in your contract. Distribution prior to age 59½ may be subject to a 10% federal tax penalty. An Intuitions Five single premium deferred annuity is not FDIC insured, nor is it insured by any agency of the United States. It is not a bank deposit; it is not guaranteed by a bank or any bank affiliate. It may lose value.
Speak with a representative to learn about specific products, costs, and benefits, and to determine which is right for your needs.
Woman’s Life is a Trusted Fraternal Life™ brand. Annuities issued by Trusted Fraternal Life, Milwaukee, WI. Not available in all states.
