An annuity is a common way to save for retirement with tax advantages1, and to convert assets into a regular income stream during retirement.

You can buy an annuity using a single deposit, or with flexible, ongoing premiums over time. Some annuities are available for shorter or longer time periods.

In New York, we may offer state-specific annuities, and not all products are available.

​

​

Single Premium Deferred Annuity (SPDA)

A SPDA is a tax-deferred indexed annuity that will only accept a single payment made directly to the National Life Group or through a transfer or rollover. Not available in NY.

​

​

Flexible Premium Deferred Annuity (FPDA)

An FPDA is a tax-deferred indexed annuity that accepts multiple premium payments while the annuity is in its accumulation period. Payment methods may include salary reduction payments, bank draft or pre-authorized check plan payments, transfers, rollovers, and single sum direct payments. Not available in NY.

​

​

MYGA/Fixed Single Premium Annuity

A fixed single premium annuity is a tax-deferred annuity that will only accept a single payment made directly to National Life Group or through a transfer or rollover.

A Multi-Year Guaranteed Annuity (MYGA) is a fixed single premium annuity that guarantees an interest rate for a specific period, for example three or five years.

MYGA

​

Fixed Flexible Premium Annuity

Green Mountain Freedom Flex is a tax-deferred fixed annuity that accepts multiple premium payments while the annuity is in an accumulation period. Payment methods may include salary reduction payments, bank draft or pre-authorized check plan payments, transfers, rollovers, and single sum direct payments. Only available in NY.

 

Fixed vs. Indexed Annuities

Annuities offer a way to grow savings based on a fixed interest rate or on the performance of an index.

Fixed annuities

• Fixed interest rate

• Guaranteed minimum interest rate

Indexed annuities

• Based on the performance of an index such as the S&P® 500

• No direct participation in stock or equity investments

• Downside protection through minimum guarantees to ensure that your cash value will not decline due to decreases in the index

• Offers greater earnings potential than a fixed annuity, but in years when the index is down, no interest will be credited

​

CLICK HERE TO SCHEDULE YOUR FREE APPOINTMENT TO GET MORE DETAILS

​

​

​

​

​

​