The Advantage 30 annuity is a flexible payment deferred annuity. It is purchased by making payments in the amount and frequency of your choosing. Because you are deferring annuity payouts to a later date, you are also deferring tax payment on any interest your annuity earns. Interest will not be taxed until the time it is withdrawn.
Whether you begin saving early during your working career or after you are already retired, this annuity is designed to provide you with the flexibility you need to save money for the future.
- Flexible payment deferred annuity
- Minimum initial deposit $500
- Offers 10 percent penalty-free withdrawals* from the total account value once per policy year, including the first year
*Withdrawals are subject to income tax, and most withdrawals made prior to age 59 1/2 are subject to a 10 percent IRS penalty. Guarantees are backed by the financial strength and claims paying-ability of National Mutual Benefit.