FLEXIBLE RATE ANNUITY PRODUCTS

BASICS

Issue Ages: 0-85

An Annuity is a contract between an individual and an insurance company in exchange for a premium that the company invests and returns to you, with interest.

We offer new-issue Non-Qualified Annuities and Qualified Annuity (IRA/401K) rollovers. Please see the relevant section below for more information.

AOMP reserves the principal and interest at 100% of their value and our investment policy demands only top grade securities. We are independently audited as per state and federal insurance regulations. Your money is always available to you.

We are currently offering 4.25% Interest on our annuity proucts. All interest earned accumulates on a tax deferred basis, so no taxes are paid on the interest until it is withdrawn from the annuity.

The minimum inital deposit for all Annuities is $500 for adults and $250 if a minor is named as the annuitant. There are no upfront fees and no hidden costs.

NON-QUALIFIED ANNUITIES

Non-Qualified Annuities are Annuities into which money, on which taxes have already been paid, is deposited. The only portion of a Non-Qualified Annuity that is taxable upon distribution is the interest accumulated on the Annuity. There is no age requirement for distribution and there is no federal limit on how much money may be deposited into a Non-Qualified Annuity on a yearly basis.

QUALIFIED ANNUITIES

We accept IRA and 401k rollovers.

Qualified Annuities are savings programs for individuals to which yearly, tax deferred and tax-deductible contributions can be made. Contributions are subject to specified amounts. After the annuitant is aged 72, a yearly Required Minimum Distribution (RMD) must be withdrawn by the account holder. Funds cannot be commingled with the taxpayer's other assets. Qualified Annuities can hold only allowable and rollover funds, and funds may not be used to buy life insurance. No loans may be taken from a Qualified Annuity nor can it be used to secure a loan. A Qualified Annuity is non-transferable. Its proceeds must be received by either the taxpayer, or the designated beneficiary upon death of the taxpayer.

SURRENDER CHARGES

During the first 3 years of all Annuities, annuitants can withdrawal 10% of their balance without penalty from AOMP. After 3 years have passed, any amount can be withdrawn from the balance without incurring any charges. (This is independent of the restrictions and requirements regulated by the IRS for Qualified Annuities.)

Any withdrawal made within the first 3 years of the annuity that exceeds 10% of the annuity’s balance is subject to the following charges: Year 1: 6% Charge; Year 2: 5% Charge; Year 3: 4% Charge.

For more information or to request an application, please contact us at (215) 708-1000 [Artisans Home Office] or (215) 535-2626 [PBA Office], via our Contact Page, or visit ArtisansAOMP.org.

All plans are subject to AOMP’s constitution and bylaws, and State insurance requirements. We reserve the right to require a medical examination for any applicant.