Products

Annuities

Annuities are designed as principal preserving, long term investments, which can provide funds for retirement. We offer both a non-qualified annuity and qualified Traditional and ROTH IRA annuities. All our annuities are no-load and tax-deferred (funds are taxable only at the time of withdrawal), and have some of the lowest early surrender penalties in the industry.

FCSLA Certain Choice Single Premium Deferred Annuities (MYGA)

Certain Choice MYGA 3-Year

4.5% APY Guaranteed Interest Rate for 3 Years
Single Premium Deferred Annity ICC-SPA(3)-0925
3-year withdrawal charges 9%, 8%, 7%
3% APY Guaranteed after initial guarantee period
$10,000 minimum premium, $2,000,000 maximum premium
Maximum issue age 85

Certain Choice MYGA 5-Year

Certain Choice MYGA 7-Year

Annuitant accumulates funds with interest which is compounded daily. The Certain Choice MYGA products are single premium, no additional deposits allowed.
Minimum deposit is $10,000.
Initial interest rates are guaranteed for the selected term (3, 5 or 7 years).
Prior to settlement, annuitant may withdraw all or part of the accumulated funds, subject to the Association’s Early Withdrawal Charges.**
FCSLA allows up to one withdrawal per month on the Certain Choice annuity products. Total withdrawals may be surrender charge free up to 10% of the prior contract anniversary accumulated amount in the first 3, 5 or 7 years.* After year 3, 5 or 7, there is no FCSLA surrender charge on withdrawals from the Certain Choice annuity.
Certain Choice MYGA Withdrawal Charges:
- 3-year withdrawal charges 9%, 8%, 7%
- 5-year withdrawal charges 9%, 8%, 7%, 6%, 5%
- 7-year withdrawal charges 9%, 8%, 7%, 6%, 5%, 4%, 3%
At any age, the annuitant may receive interest only payments, or select a type of periodic payment offered by the Association.**
If annuitant dies prior to settlement, funds on deposit are payable directly to the named beneficiary(ies).

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Competitive No-load Fixed Annuities

Silver Elite

4.75% APY current credited interest rate for new contracts effective June 1, 2025*
Flexible Premium Deferred Annuity (Contract FPA(5)-0713)
5 year withdrawal penalty (6% first year, decreased by 1% each subsequent year)**
3.00% APY minimum guaranteed
$250 minimum initial premium; $100 minimum subsequent
$500,000 maximum lifetime premium
Maximum issue age 85

Gold Elite

Platinum Elite

Flexible Premium Deferred Annuity

Silver Elite

Annuitant accumulates funds with interest which is compounded daily. Ongoing deposits are permitted, and may be made via Electronic Funds Transfer (EFT).
Minimum deposit is $250.
Crediting rates may be changed at anytime, but will never go below the guaranteed minimum rate established by the annuity contract
Prior to settlement, annuitant may withdraw all or part of the accumulated funds, subject to the Association’s Early Withdrawal Charge.**
FCSLA allows a one-time, per contract year, 10% surrender charge free withdrawals during the first 5, 7 or 10 years.* After year 5, 7 or 10, there is no FCSLA penalty on annuity withdrawals, even on additional deposits.
Flexible Premium Deferred Annuities Early Withdrawal Charge:
- Silver Elite (5 year): 6% the 1st year, and decreases by 1% each subsequent year.**
At any age, the annuitant may receive interest only payments, or select a type of periodic payment offered by the Association.**
If annuitant dies prior to settlement, funds on deposit are payable directly to the named beneficiary(ies).

Gold Elite

Annuitant accumulates funds with interest which is compounded daily. Ongoing deposits are permitted, and may be made via Electronic Funds Transfer (EFT).
Minimum deposit is $250.
Crediting rates may be changed at anytime, but will never go below the guaranteed minimum rate established by the annuity contract
Prior to settlement, annuitant may withdraw all or part of the accumulated funds, subject to the Association’s Early Withdrawal Charge.**
FCSLA allows a one-time, per contract year, 10% surrender charge free withdrawal during the first 5, 7 or 10 years.* After year 5, 7 or 10, there is no FCSLA penalty on annuity withdrawals, even on additional deposits.
Flexible Premium Deferred Annuities Early Withdrawal Charge:
- Gold Elite (7 year): 8% the 1st year, and decreases by 1% each subsequent year**
At any age, the annuitant may receive interest only payments, or select a type of periodic payment offered by the Association.**
If annuitant dies prior to settlement, funds on deposit are payable directly to the named beneficiary(ies).

Platinum Elite

Annuitant accumulates funds with interest which is compounded daily. Ongoing deposits are permitted, and may be made via Electronic Funds Transfer (EFT).
Minimum deposit is $250.
Crediting rates may be changed at anytime, but will never go below the guaranteed minimum rate established by the annuity contract.
Prior to settlement, annuitant may withdraw all or part of the accumulated funds, subject to the Association’s Early Withdrawal Charge.**
FCSLA allows a one-time, per contract year, 10% surrender charge free withdrawal during the first 5, 7 or 10 years.* After year 5, 7 or 10, there is no FCSLA penalty on annuity withdrawals, even on additional deposits.
Flexible Premium Deferred Annuities Early Withdrawal Charge:
- Platinum Elite (10 year): 9% the 1st and 2nd year and decrease by 1% each subsequent year.**
At any age, the annuitant may receive interest only payments, or select a type of periodic payment offered by the Association.**
If annuitant dies prior to settlement, funds on deposit are payable directly to the named beneficiary(ies).

Single Premium Immediate Annuity

Key Features

Uses annuitant’s initial large premium deposit as the basis for immediate contracted settlement payments.
Annuitant is “locked in” to the settlement option, payment amount, payment scheduled selected, and rate in effect for settlements at time of commencement.
Scheduled payments may be sent directly to annuitant’s bank account via Electronic Funds Transfer (EFT).
Minimum deposit is $2,000.00.

* Our credited rate is reviewed quarterly and will not go below minimum guaranteed rate.
** A 10% federal tax penalty may apply to certain distributions if taken before the owner is age 59-1/2.

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