10996 Historic Highway 165 Hollister MO 65672
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Single premium immediate annuity
Getting ready to retire? You face many risks, including increasing health care costs, the impact of inflation and market volatility. If you are like most, you feel the future of Social Security is uncertain and your employer most likely doesn’t offer a pension. The result? The largest risk you may face is the risk you will outlive your retirement savings.
Did you know a 65-year-old person has a 50-50 chance of living at least 20 or more years? Source: Annuity 2000 Mortality Table, Society of Actuaries
If you want to ensure your retirement income will last as long as you do, consider Modern Woodmen single premium immediate annuity for a portion of your retirement savings. A single premium immediate annuity can help you create a solid foundation of guaranteed retirement income, eliminate the impact of market volatility and help make sure your money will be there for you for the rest of your life.
Enjoy these benefits
Guaranteed lifetime income.
You can turn a lump-sum amount into a guaranteed retirement paycheck that can last your lifetime or for the combined lifetimes of you and your spouse.
No upfront sales charges or annual maintenance fees.
100 percent of your contribution is used to produce your guaranteed lifetime income payment.
Options to protect your principal contribution.
This option eliminates concerns about dying before you receive payments equal to the amount you contributed to the annuity.
A Single Premium Immediate Annuity can help you achieve your retirement distribution goals. Your Modern Woodmen representative can show how you can use a portion of your savings to create a stream of guaranteed lifetime retirement income.
This annuity is issued on Form ICC20 SPIA or a state specific variation, where applicable. State variations may apply. This material is for informational purposes only. Please read your contract and disclosure statement for complete details on this annuity’s features. This material in not intended to provide tax or legal advice. Consult your tax or legal advisor before making a decision.
Early withdrawal from an annuity may result in surrender charges and tax implications (including a 10% penalty prior to age 59½). All guarantees are based on the claims-paying ability of Modern Woodmen of America.