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 Life “Certain Choice” Multi-Year Guaranteed Annuity

For more information on rates, CLICK HERE!

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.
Our competitive interest rates are reviewed by the Board of Directors on a quarterly basis. Rates may be adjusted, 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 Penalty.**
FCSLA allows a one-time, per contract year, 10% penalty 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 Penalty:
- 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.
Our competitive interest rates are reviewed by the Board of Directors on a quarterly basis. Rates may be adjusted, 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 Penalty.**
FCSLA allows a one-time, per contract year, 10% penalty 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 Penalty:
- 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.
Our competitive interest rates are reviewed by the Board of Directors on a quarterly basis. Rates may be adjusted, 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 Penalty.**
FCSLA allows a one-time, per contract year, 10% penalty 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 Penalty:
- 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.

For more information about these financial products, please use our interactive contact form.

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