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If you've already taken maximum advantage of available tax-favored investments, including an
employer-sponsored retirement plan and an IRA, you may want to consider a fixed deferred annuity.
In general, you enter into a contract with an insurance company in which you agree to deposit a
lump-sum or make a series of payments over a number of years. The insurance company invests your
payments on your behalf and your money accumulates on a tax-deferred basis at guaranteed interest
rates. At time of retirement, you can receive a guaranteed lifetime income, income for a
specified period of time, or a lump sum. It's your choice!
There are also Fixed Indexed Annuities, which offers interest linked to a stock market index - generally the S&P 500 Index. When the index increases, a portion of those gains are credited. When the index decreases, no interest is credited, but your account value does not decrease - you cannot lose money because of market declines! And a minimum guarantee still applies, ensuring your account will grow regardless of the market environment.
Annuities are subject to 10% tax penalty for withdrawals made before the age of
59 1/2, surrender charges during the surrender charge period for the product,
and income taxes on gains upon surrender. This is a brief description of an
annuity contract and is not intended to provide tax advice. All guarantees are
based on the claims paying ability of the insurance company.
For more information, contact the MEMBERS Financial Services Representative serving CUNA Mutual Group for a no cost, no obligation consultation.
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Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (800) 369-2862. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. The Representative may also be a credit union employee that accepts deposits on behalf of the financial institution.
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©1997-2012 CUNA Mutual Group.
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