Foundation 9
Flexible-premium annuities allow you to contribute funds over time, slowly building income for retirement. The Gleaner Life Foundation Series® annuities provide peace of mind with the knowledge that your money is always growing at a competitive interest rate with the protection of a guaranteed minimum. One hundred percent of all contributions immediately start earning a competitive interest rate. The Foundation 9 annuity allows withdrawals up to 15% of the account value per certificate year without incurring a surrender charge — even in the first year.
Product Features:
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Competitive current interest rate with a guaranteed minimum of 2.10%
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Allows withdrawals up to 15% of the account value per certificate year
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Additional premiums not subject to an extended surrender charge period.
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Surrender charge of 9% in year one, decreasing by 1% each year until 0%.
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No minimum issue age; maximum issue age of 85.
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Retirement Options: Traditional IRA, Roth IRA, SEP IRA, TSA/403(b).
| Rate Band | Interest Rate | |
| $100-$999 | 2.40% | |
| $1,000 - $9,999 | 4.00% | |
| $10,000 - $49,999 | 4.35% | |
| $50,000 - $99,999 | 4.70% | |
| $100,000 - $249,999 | 4.85% | |
| $250,000+ | 5.00% | |
Interest rates as of May 1, 2023.
Foundation 9 form #ICC18-FPDA9 with state-specific variations.
