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What is an annuity? |
Annuities could be considered an "upside down" insurance
policy. Simply, annuity contracts purpose is to provide income
during one's retirement.
- Annuities provide set payments over a period of time that
is designated through options selected by the contract owner.
For more information, go to
www.pueblo.gsa.gov
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What are single and flexible
premiums? |
The Slovak Catholic offers the two types of premium
(payments)
You can purchase an annuity in two ways:
- Single Premium -1 payment to purchase an annuity.
You cannot contribute more money to a single premium annuity
after the initial payment. You would need to purchase another
annuity.
- Flexible Premium - Gives you the flexibility to
contribute continuously to the annuity prior to the annuity
start date. You can contribute money at regular or
even irregular intervals anytime you want.
For more information, go to
www.pueblo.gsa.gov
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What is a deferred annuity? |
A deferred annuity means your earnings grows tax deferred
until take you withdraw or receive the annuity income . However,
the IRS will penalize withdraws prior to age 59 1/2.
For more information, go to
www.pueblo.gsa.gov
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Who can I contact to help me
with my insurance needs? |
The Slovak Catholic Sokol Home Office can help you with your
insurance questions and help you find the right plan or
combination of plans to fit your needs.
Contact us during regular business hours.
For more information on annuities, go to
www.pueblo.gsa.gov/
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