Features & Benefits
INTEREST BONUS
INCOME
Safe Haven Bonus Guarantee can provide the important benefit of guaranteed income. Our annuity can provide you with a guaranteed income stream through the annuitization feature. You may select a period between 3 - 20 years, guaranteeing income for the specified amount of time. You elect to receive your payments monthly, quarterly, semi- annually or annually.
Safe Haven Bonus Guarantee offers an interest bonus in year 1 for the three, five, six, seven and ten year guarantee periods. This will help increase your account early on, which will increase the total interest earned on your annuity.
TAX-DEFERRED GROWTH
Tax deferral means that you do not pay any taxes on earnings or growth until you take withdrawals. Tax deferral delays, but does not eliminate, the taxation of your annuity. You will pay taxes on earnings when they are withdrawn. In the meantime, your account grows three ways. You earn interest on your deposit, interest on the interest previously credited and you earn interest on money that would have otherwise gone to pay taxes during the deferral period.
RENEWAL FEATURE
At the end of your guarantee period, you will have the option to renew your annuity for another guarantee period. We will contact you and provide a 30-day window to select a new guaranteed interest rate. During your 30-day window you can surrender your annuity for cash with no surrender charges or market value adjustment.
PROBATE AVOIDANCE
By designating a beneficiary other than your estate, your annuity’s death benefit will be paid directly to that beneficiary, thereby avoiding inclusion in a probated estate. This may minimize the delays, expenses and publicity often associated with the probate process.
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