FIXED ANNUITIES
GPM Life markets fixed annuities that provide:
a) Tax deferred growth
b) Competitive interest returns credited during the deferral period;
c) Choice of guarantee interest period (one or five years) ; and
d) Favorable annuitization for income after retirement;
Products available include:
SPDAPLUS - Single Premium Deferred Annuity
- A single premium deferred annuity;
- Premium bonus for qualified money (over $25,000) is 1.50%;
- Premium bonus for non-qualified money (over $25,000) is 1.0%;
- One year interest guarantee
- Interest Rates vary by Premium Band
Band 1 $ 5,000 - $24,999
Band 2 $ 25,000 - $49,999
Band 3 $ 50,000 - $99,999
Band 4 $100,000 and Over
SPDA 2002 - Single Premium Deferred Annuity
- A single premium deferred annuity;
- Five year interest rate guarantee.
FPDA - Flexible Premium Deferred Annuity
Annuities may be set up on a tax qualified or a non-tax qualified basis; they are excellent vehicles for Regular IRA's, Roth IRA's, SEP IRA's and for rollovers from IRA or 401(k) distributions. Annuities are well suited for tax deferred accumulation, funds for retirement or other accumulation needs. Two unique riders automatically included at no extra premium charge:
1. Waiver of Surrender Charges due to Convalescent Care Benefits Rider: GPM Life will waive any surrender charges on an additional 10% of annuity value withdrawn annually because the annuitant is confined to a "Convalescent Care Facility", as defined in the rider.
2. Waiver of Surrender Charges due to Critical Illness Benefit Rider: GPM Life will waive any surrender charges on an additional 10% of annuity value withdrawn annually because the annuitant has contracted a "Critical Illness", as defined in the rider.
SPIA - Single Premium Immediate Annuity
A Single Premium Immediate Annuity (SPIA) can also be offered when an immediate settlement option is applied to an SPDA.
GPM Life products are available in most states for nearly every age group.
GPM Life products are available in most states for nearly every age.
