Single Premium Annuities

1 Year Term | 2 Year Term | 3 Year APY* |
2.25% | 2.75% | 3.00% |
| | | |
5 Year APY* | 8 Year APY* | 10 Year APY* |
3.75% | 4.00% | 4.25% |
Rate change effective Aug. 1, 2010.
Guaranteed rate is 3% on the three, five, eight and ten year plans.
Our tax Deferred annuities can put more in YOUR pocket.
*A current APY (Annual Percentage Yield) means that Western Catholic Union intends to pay this APY only for the period the annuity is subject to a withdrawal charge. This APY is not guaranteed and can fluctuate up or down during the withdrawal charge period. If you purchase an annuity from Western Catholic Union it will have a minimum guaranteed interest rate of 3%. This means even if the current APY decreases during the withdrawal charge period, the guaranteed interest rate, not the current APY, for your annuity will never drop below the 3% stated in the certificate during the term of the annuity.
10 - Year Surrender Charge Plans
- Currently yielding 4.25%*
- Includes Qualified and Non-Qualified, IRA, and Roth
- Above plan is not guaranteed. The guaranteed interest rate is 3.00%.
- May be added to anytime within the first 90 days
- 10 year declining surrender charge
- Surrender charges Yr 1-10%, Yr 2-9%, Yr 3-8%, Yr 4-7%, Yr 5-6%, Yr 6-5%, Yr 7-4%, Yr 8-3%, Yr 9-2%, Yr 10-1% Yr 11-0%
- 10% free withdrawal each year
This plan may include the following Fraternal Benefits:
- 5% additional free withdrawal each year
- Single Premium: Low minimum deposit of $1,000
- Medical expense benefit withdrawal allowed (no fee)
- Terminal illness benefit (no fee)
- Nursing home benefit (no fee)
8 - Year Surrender Charge Plans
- Currently Yielding 4.00%*
- Includes Qualified and Non-Qualified, IRA, and Roth
- Above plan is not guaranteed. The guaranteed interest rate is 3.00%.
- May be added to anytime within the first 90 days
- 8 year declining surrender charge
- Surrender charges Yr 1-8%, Yr 2-7%, Yr 3-6%, Yr 4-5%, Yr 5-4%, Yr 6-3%, Yr 7-2%, Yr 8-1%, Yr 9-0%
- 10% free withdrawal each year
This plan may include the following Fraternal Benefits:
- 5% additional free withdrawal each year
- Single Premium: Low minimum deposit of $1,000
- Medical expense benefit withdrawal allowed (no fee)
- Terminal illness benefit (no fee)
- Nursing home benefit (no fee)
5 - Year Surrender Charge Plans
- Currently Yielding 3.75%*
- Includes Qualified and Non-Qualified, IRA, and Roth
- Above plan is not guaranteed. The guaranteed interest rate is 3.00%
- May be added to anytime within the first 90 days
- 5 year declining surrender charge
- Surrender charges Yr 1-9%, Yr 2-7%, Yr 3-5%, Yr 4-3%, Yr 5-1%, Yr 6-0%
- 10% free withdrawal each year
This plan may include the following Fraternal Benefits:
- 5% additional free withdrawal each year
- Single Premium: Low minimum deposit of $1,000
- Medical expense benefit withdrawal allowed (no fee)
- Terminal illness benefit (no fee)
- Nursing home benefit (no fee)
3 - Year Surrender Charge Plans
- Currently Yielding 3.00%*
- Includes Qualified and Non-Qualified, IRA, and Roth
- Above plan is not guaranteed. The guaranteed interest rate is 3.00%.
- Low start up deposit of $1,000
- May be added to anytime within the first 90 days
- 30-day window of opportunity to withdraw at the end of the 3 years.
- 3 year declining surrender charge
- Surrender Charges: Yr 1-9%, Yr 2-7%, Yr 3-5%, Yr 4-3%, Yr 5-1%, Yr 6-0%
- 10% free withdrawal each year.
- If not withdrawn or renewed, the annuity will continue as a 5-Year contract at the then assigned yield
2 -Year yielding 2.75%
- Includes Qualified and Non-Qualified, IRA, and Roth
- Low start up deposit of $1,000
- 30-day window of opportunity at the end of the 2 years to select an available option or money will be paid out in lump sum.
- 10% free withdrawal each year.
1 - Year yielding 2.25%
- Includes Qualified and Non-Qualified, IRA, and Roth
- Low start up deposit of $1,000.
- 30-day window of opportunity to withdraw at the end of the 1 year or to select an available option at that time.
- 10% free withdrawal each year.
All annuity plans offered by Western Catholic Union have the following benefits:
- No annual administration fees, no sales charge
- May be annuitized at any time and at no charge
- Single Premium Deferred Annuities may be added to within the first 90 days of issue.
- Supported by high investment quality bonds Rates were effective July 1, 2008.
* A current APY (Annual Percentage Yield) means that Western Catholic Union intends to pay this APY only for the period the annuity is subject to a withdrawal charge. This APY is not guaranteed and can fluctuate up or down during the withdrawal charge period. If you purchase an annuity from Western Catholic Union it will have a minimum guaranteed interest rate of 3%. This means even if the current APY decreases during the withdrawal charge period, the guaranteed interest rate, not the current APY, for your annuity will never drop below the 3% stated in the certificate during the term of the annuity.