Gleaner Life annuities help clients build financial solutions that help set them up for a secure future. A fixed deferred annuity takes an individual’s financial contributions, grows them at a competitive interest with a guaranteed minimum and provides a steady stream of income later in life. Fixed annuities are an important part of any financial portfolio. Through The Gleaner Life Foundation Series®, you can have peace of mind knowing your investment will only increase with time, unlike other financial products like stocks and securities, which fluctuate according to stock market trends.
Opening and managing a fixed annuity is simple. Annuity owners can gradually add contributions over time with flexible-premium annuities or make a one-time, lump sum premium payment with single-premium annuities. Gleaner then grows these funds at a competitive interest rate with a guaranteed minimum. Gleaner annuities are also tax-deferred, which means you postpone paying taxes on interest earnings until a withdrawal is taken.