Single-premium deferred annuities are funded with a one-time premium payment. While both flexible-premium and single-premium annuities build value through compounding interest, single-premium annuities begin with a larger foundation and build value more quickly than flexible-premium annuities.
Gleaner currently offers three single-premium deferred annuities:
Product Features:
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Multi-year interest rate guaranteed for the entire surrender charge period
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Competitive multi-year interest rate with a guaranteed minimum of 1.00%
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Allows withdrawals up to 15% of the account value per certificate year
