It’s never too early (or late) to start planning for your retirement!

Whether your retirement is just around the corner or 30 years down the road, now is the time to start planning. An Annuity offers protection against the risk of outliving one’s financial resources by providing a series of periodic payments in exchange for a premium or series of premiums.

Contributions to Annuities also accumulate tax free until distributed and interest rates are guaranteed. United Life currently offers a 4-year, 5-year or 6-year guarantee on interest rates for Single Premium Deferred Annuities. Flexible Premium Deferred Annuities are also available (surrender charge for early withdrawal).

You are also able to create a payment stream using a lump-sum deposit into our Single Premium Income Annuity, which now offers the option to add an inflation hedge, and to create additional lump-sum payments in addition to the regular payment stream.

Note: On Single Premium Deferred Annuities and Flexible Premium Deferred Annuities, one can withdraw either 10% of the accumulated value or the interest income per policy year, whichever is greater, without penalty.

We offer the following Annuities:

• Single Premium Deferred Annuity (SPDA) — A Single Premium Deferred Annuity is purchased with a single premium that is allowed to accumulate with interest. 
• Flexible Premium Deferred Annuity (FPDA) — A Flexible Premium Deferred Annuity allows one to determine when and how much to contribute to the annuity.
• Single Premium Income Annuity (SPIA) — A Single Premium Income Annuity is purchased with a single premium and provides periodic payments for a certain length of time (such as a number of years or for life). A cost of living increasing option can be added, as well as structuring additional lump-sum payments.