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A Woman’s Life annuity can
help you enjoy:
â–¶ Tax-deferred growth of assets
for the future.
â–¶ Competitive fixed interest
rates to avoid market volatility.
â–¶ Guaranteed minimum inter-
est rate.
▶ The Woman’s Life Principal
Guarantee.
â–¶ No front-end loads or admin-
istrative charges.
â–¶ Payout options including a
lifetime income option — for
a retirement income you can’t
outlive.
The earlier you start and the
more you contribute, the larger
your payout can be when you
reach retirement age. What a
wonderful way to prepare for your
future financial security!
If you have earned income,
you have until April 15,
2021, to make a 2020 IRA
contribution
An IRA is designed to help you
accumulate funds to provide fi-
nancial security when you retire.
Encouraging Americans to save
for retirement is one reason fed-
eral law provides IRAs with
certain tax-favored status. The
IRS currently allows IRA contri-
butions up to $6,000 per year
($7,000 for people 50 or older).
A Woman’s Life annuity can be
established as a traditional IRA, a
Roth IRA, or as a nonqualified
plan. To establish a new IRA with
an annuity and take advantage of
these tax savings, speak with your
Woman’s Life Representative or
call our Home Office.
If you already own a Woman’s
Life annuity, you may be able to
increase your contributions up to
the IRS maximum. We encour-
age you to consider making a
one-time lump-sum premium
payment or increasing your peri-
odic annuity premium payments,
thus taking advantage of the cur-
rent interest rate your plan is
earning and helping your balance
grow. To make a one-time pay-
ment, increase your periodic
payments to your annuity (or
both) call us at 800-521-9292.
Track your progress
Whether your retirement savings
plans include annuities, an em-
ployer-sponsored plan, or other
savings methods, Woman’s Life
encourages you to plan and save
aggressively for your future finan-
cial security. Review your progress
regularly to make sure you’re on
track to meet your goals.
One handy tool that can help you
with this is our online Retire-
ment Calculator available at
WomansLife.org/Needs.
Your Woman’s Life Represen-
tative can help you create a
strategy to fit your needs and your
budget. They can also provide
regular reviews to help ensure
that you are on track to achieve
your goals.
Advisories:
Current interest rates are not guaranteed
and are subject to change.
The Woman’s Life Principal Guarantee
means that the cash surrender value of
your Woman’s Life annuity will never be
less than the total amount of premium
paid, less any prior partial withdrawals.
Withdrawals may be taxable.
If your annuity is a traditional or Roth
IRA, the amount of contributions allowed
each year is subject to limits set by the IRS.
For more information, please consult your
personal tax advisor.
Like most insurance products, Woman’s
Life Insurance Society’s certificates con-
tain charges, limitations, exclusions,
termination provisions, and terms for
keeping them in force. For costs and com-
plete details, contact your Woman’s Life
Representative or call Woman’s Life.
Life insurance and annuity products is-
sued by Woman’s Life Insurance Society.
Not all products are available in all states.
Did you know:
46% of all unmarried
women over age 65 receiving
Social Security relied on Social
Security for 90 percent or more
of their total income in 2020.
$1,125 The average monthly
Social Security income received
by women aged 65 and older in
2019. The average monthly Social
Security income for men 65 and
older was $1,447.
28% of non-retired women
have an additional source of
protected lifetime income (such
as a pension or annuity) in
addition to Social Security.
By generation:
48% of Millennials
expect their primary source of
retirement income to be self-fund-
ed through retirement accounts
such as 401(k)s and IRAs.
14% of Gen X-ers feel “very
confident” they will be able to
fully retire with a comfortable
lifestyle.
70% of Baby Boomers either
expect to or are already working
past the age of 65 or do not plan
to ever retire.
Sources:
Centers for Disease Control and Prevention,
National Center for Health Studies:
Mortality in the United States, 2018.
NCHS Data Brief No. 355, January 2020.
Plan sponsor, Data & Research: Gen X
Struggling Most with Retirement Readiness
and Confidence. April 17, 2019. Gen X
Struggling Most With Retirement Readiness
and Confidence | PLANSPONSOR
Social Security Fact Sheet: Snapshot of 2020
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