Annuities

An annuity product that lets you accumulate money for retirement. Annuities provide tax-deferred growth during the accumulation years, and let you choose from many payout options when you retire and need to use the money.

Fixed annuities offer:
  • Safety    
    Your principal is guaranteed against market fluctuations and economic downturn
  • Growth  
    Your money enjoys a minimum guaranteed return and will be worth more tomorrow than it is today
  • Security
    Your funds are protected by the full strength of Catholic Financial Life, which has been financially strong since 1868

Flexible Premium Deferred Annuities

You can start a flexible-premium for a little as $50 per month and make additional deposits over time.1 If you have money saved or want to rollover a 401(k) or IRA, consider a Catholic Financial Life Single-Premium Annuity. Current rates.

Flex 2 Annuity

Flex 6 Annuity

Flex 10 Annuity

Current rates guaranteed for the first two years.2 Current rates guaranteed for the first year.2 Current rates guaranteed for the first year.2
Access your money after 2 years without a penalty. 3 Access your money after 6 years without a penalty. 3 Access your money after 10 years without a penalty. 3
Tax Qualification: Qualified (IRA, Roth, SEP) or non-qualified
Withdraw 10% of funds each year without penalty after the first year.3

Higher guaranteed rate for the first two years

Minimum Guaranteed rates set at issue

Higher guaranteed rate for the first two years

Minimum Guaranteed rates set at issue

Higher guaranteed rate for the first two years

Minimum Guaranteed rates set at issue

Available up to age 90 Available up to age 90 Available up to age 90
1 Subject to limitations.
2Renewal rates may be more or less. The initial guaranteed rate depends on the amount of the annuity balance. Rates will not fluctuate below the minimum guaranteed rate per each annuity contract. The guaranteed minimum interest rate may vary but will never be lower that 1.25% in any year.
3Withdrawing money from a annuity prior to age 59 1/2 may subject the owner to an IRS imposed 10% penalty on the taxable portion of any premature distribution. Consult with a qualified tax advisor.

 

 

Single Premium Annuities

With a minimum deposit of $5,000, a single-premium annuity lets you lock-in a competitive rate for up to five years. This annuity can help you turn assets or inherited lump sums of money into retirement income for your lifetime, regardless of how long you live. Current rates.

  • Competitive interest rates
  • Withdraw* up to 10 percent of your funds free after the first year
  • No surrender penalties after five years*
  • Available up to age 90.


Income Annuities

Purchasing an income annuity is like buying a monthly pension check. You pay Catholic Financial Life a lump some in exchange for a guaranteed income stream. Payments begin immediately, providing steady, reliable income with no market fluctuations to worry about or portfolios to manage.

  • Guaranteed monthly income for the rest of your life, no matter how long you live
  • Continue monthly income payments to your survivor
  • Ask about our annual payment increase option
  • Payment options to fit your individual needs

Products are not available in all states. Catholic Financial Life is not licensed in all states. Nothing contained herein should be construed as solicitation for insurance, financial products or annuity products in any state in which Catholic Financial Life is not licensed. Withdrawing money from an annuity prior to age 59 ½ may subject owner to an IRS imposed 10% penalty on any premature distribution. Please check with a qualified tax advisor for additional information. Prospective members have the right to obtain a copy of the Buyer’s Guide to Annuities and a Preliminary Contract Summary prior to any annuity sale. Flex 10 Annuity Policy Form# ICC10 FDPA-10; 2010 FPDA-10 AR; 2010 FPDA-10 AZ; 2010 FDPA-10 CT; 2010 FPDA-10 IL; 2010 FPDA-10 ND; 2010 FPDA-10 SD. Flex 6 Annuity Policy Form# ICC10 FDPA-6; 2010 FPDA-6 AR; 2010 FPDA-6 AZ; 2010 FDPA-6 CT; 2010 FPDA-6 IL; 2010 FPDA-6 ND; 2010 FPDA-6 SD. Flex 2 Annuity Policy Form# ICC10 FDPA-2; 2010 FPDA-2 AR; 2010 FPDA-2 AZ; 2010 FDPA-2 CT; 2010 FPDA-2 IL; 2010 FPDA-2 ND; 2010 FPDA-2 SD. Single Premium Annuity, Income Annuity Policy Form# ICC-IA001-06-09; IA001-06/09, Single Premium Immediate Annuity Form # ICC10 SPIA.

Current Interest Rates

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Catholic Financial Life
1100 West Wells Street
Milwaukee, WI 53233

(800) 927-2547
(414) 273-6266

 

Hours: (Central Time)
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