Investment Center
Products: UA LIFESTYLE ANNUITY
A 6 YEAR FIXED ANNUITY EARNING 3% EACH YEAR
FOR ALL 6 YEARS GUARANTEED.
This single premium tax-deferred investment provides customers a secure way to reach
long-range financial goals . . . helps in maintaining their lifestyle.
TAX-DEFERRED EARNINGS
Your funds increase more rapidly when there is no tax on
interest earnings until they are withdrawn... this is called
tax-deferred. The graph below demonstrates how this can boost
your earnings potential, assuming a single payment of $20,000,
3% annual interest rate, and 25% tax bracket.
INTEREST RATES
Your interest rate is the current interest rate in effect at the
time the premium payment is received and will be guaranteed
until the next annuity anniversary date. The interest rate is
guaranteed to be at least 3%.
LIQUIDITY
After the first policy year the Lifestyle Annuity offers you
the flexibility of a free withdrawal up to 10% of your cash
value (minimum $500). On amounts withdrawn during the
first policy year, withdrawal charges may not exceed the interest
credited. In subsequent policy years two through six, amounts
withdrawn in excess of the free withdrawal are subject to a
withdrawal charge. At the end of six years, withdrawal charges
are eliminated.
| Withdrawal During Policy Year | Withdrawal Charge % of Deposit Withdrawn |
| 1
2 3 4 5 6 7 or more |
7% |
Hospitalization and Nursing Home Waiver of withdrawal charges (not available in all states).
ATTRACTIVE INCOME OPTIONS
Select the payment option that best suits your lifestyle. Payout
may begin as soon as the annuity has been in force for at least
one year.
Your option choices include:
- Fixed Amount (specific monthly payments)
- Fixed Period (monthly payments for a specified period)
- Life Income – two ways to pay:
- monthly payments to an individual
- monthly payments for the joint lifetime of two annuitants with continuing benefits to the survivor
GUARANTEED DEATH BENEFIT
& PROBATE AVOIDANCE
If you die before annuity payments begin, your beneficiary
would receive the full cash value of the policy. Payment would
not be subject to the cost and delay of probate.
SIMPLE TO START
Our Lifestyle Annuity is an asset-building opportunity that
safely guards and multiplies your dollars faster. This annuity
is available to all customers ages 0 to 80. Purchase of the
Lifestyle Annuity can range from a minimum of $5,000 up to a
maximum of $20,000 per annuitant, per year.
TAX CONSIDERATIONS
Interest income accumulates tax-deferred in an annuity. Current
tax law treats any withdrawal prior to the maturity date as being
from interest earnings first for income purposes. Withdrawals
of earnings are subject to a 10% federal tax penalty unless
(1) withdrawal is made after age 59½; (2) payment is made as a result
of death or disability; or (3) the withdrawal is made as a series of
substantially equal periodic payments for life.
NOTE: The information provided on the tax aspects of annuities represents our
understanding of current laws and regulations; it is not a warranty and is not
intended to be legal or tax advice. A prospective purchaser should consult with
his/her tax advisor concerning his/her particular circumstances.
