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.
Competitive current interest rate with a guaranteed minimum of 2.0%
Allows withdrawals up to 15% of the account value per certificate year
Additional premiums not subject to an extended surrender charge period.
Surrender charge of 9% in year one, decreasing by 1% each year until 0%.
No minimum issue age; maximum issue age of 85.
Retirement Options: Traditional IRA, Roth IRA, SEP IRA, TSA/403(b).
|Rate Band||Interest Rate|
|$1,000 - $9,999||2.00%|
|$10,000 - $49,999||2.00%|
|$50,000 - $99,999||2.00%|
|$100,000 - $249,999||2.15%|
Interest rates as of May 4, 2020.
Foundation 9 form #FPDA 9-13 with state-specific variations.