Short Term Annuities

We offer Short Term Annuities for the duration of Two (2), Three (3), and Five (5) Years.

banking-cash-deposit-1602726.jpg

Quick Facts:

All Short Term Annuities require a Minimum Deposit of fifty dollars ($50) per month or six hundred dollars ($600) for the first year of the account.

After the first year of any Short Term Annuity, a ten percent (10%) withdrawal is allowable without any surrender charges.

Only one (1) Short Term Annuity Contract may be opened per person, per year.

bank-notes-cash-cash-money-164527.jpg

Two Year Annuity

We are currently offering an interest rate of two percent (2%) for the first year of any Two Year Annuity Contract, with a guaranteed rate no lower than one percent (1%) interest.

Two Year Annuity Contracts allow a Maximum Deposit of twenty-five thousand dollars ($25,000.00) per contract and are subject to the following surrender charges:

1st Year: 6% Penalty

2nd Year: 5% Penalty

At the end of the Annuity’s two (2) year duration, the account’s Principal and Interest balances are paid out to the Annuitant or can be rolled over for another two (2) year period at the current applicable interest rate.

Three Year Annuity

We are currently offering an interest rate of two and a half percent (2½%) for the first year of any Three Year Annuity Contract, with a guaranteed rate no lower than one percent (1%) interest.

Three Year Annuity Contracts allow a Maximum Deposit of fifty thousand dollars ($50,000.00) per contract and are subject to the following surrender charges:

1st Year: 6% Penalty

2nd Year: 5% Penalty

3rd Year: 4% Penalty

At the end of the Annuity’s three (3) year duration, the account’s Principal and Interest balances are paid out to the Annuitant or can be rolled over for another three (3) year period at the current applicable interest rate.

Five YEar Annuity

We are currently offering an interest rate of three percent (3%) for the first year of any Five Year Annuity Contract, with a guaranteed rate no lower than one percent (1%) interest.

Five Year Annuity Contracts allow a Maximum Deposit of two-hundred thousand dollars ($200,000.00) per contract and are subject to the following surrender charges:

1st Year: 6% Penalty

2nd Year: 5% Penalty

3rd Year: 4% Penalty

4th Year: 3% Penalty

5th Year: 2% Penalty

At the end of the Annuity’s five (5) year duration, the account’s Principal and Interest balances are paid out to the Annuitant or can be rolled over for another five (5) year period at the current applicable interest rate.