The Gleaner Life Foundation Series® annuities for stable saving plans. The Gleaner Life Foundation Series® annuities features two flexible premium products: the Foundation 6 and Foundation 9. While the Foundation annuities feature rates that are competitive, they also provide the added benefit of responding to interest rate changes. The initial interest rate is determined by the amount of premium paid at issue. Higher interest rates are currently available for account values above $50k, $100k and $250k. Additional premiums paid or partial withdrawals may change the initial rate. Interest rates after the first year may renew at a rate that is higher or lower than the interest rate paid in the first certificate year. In addition, the Foundation annuities are more advantageous for you . First, the interest rates are tiered by premium, which means the more you pays into their annuity, the higher first-year rate they will receive. Second, you have a 15% withdrawal privilege every year they own the annuity—even in the first year! This will provide you with more flexibility in accessing their funds. Gleaners annuity portfolio consists of flexible tax-deferred annuity products featuring: •Guaranteed minimum rate of 1.00% in all certificate years •Up to 15% of the annuity value may be withdrawn annually without incurring a surrender charge - even in the first year! •Surrender charge periods of six or nine years •No annual maintenance fees •Tax deferred growth •Retirement options including traditional IRA, Roth IRA, SEP IRA, TSA/403(b) •Settlement options including fixed period, fixed amount, life only, life and period certain, joint income •Fraternal benefits including Gleaners College Bound Waiver (applies to Foundation 9), Nursing Home Waiver, scholarship opportunities, and Loyalty Bonus1 1For Foundation annuities, members will receive an additional death benefit (up to $20,000 per member) as follows: 0% of the total value for certificate years 1-5, 1% of the total value for deaths in certificate years 6-10, 1.5% of the total value for deaths in certificate years 11-15, 2% of the total value for deaths in certificate years 16 and over For more details and current interest rates Call Charles E. Davis CFP 330 875 0800 / 800 300 7319 Gail Davis Agency Inc. Gleaner Life Insurance Society 5065 California Ave NE Louisville, Ohio 44641
Posted on: Tue, 26 Aug 2014 13:50:14 +0000