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Like a long-term savings account with a guaranteed competitive interest rate and tax-deferred basis, annuities from Alfa can help secure your future. Annuities may be used as a supplement to retirement and can assist you financially if you’re at risk of outliving your savings.

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Call us at 1-800-964-2532 to learn more about annuities with Alfa® today.

Single Premium Deferred Annuity - generic, check-like paper with dollar sign and pen on the right

Single Premium Deferred Annuity

With Alfa’s single premium deferred annuity, you make a one-time payment and take advantage of a competitive interest rate to help supplement your retirement in later years.

Contribution Limits:

Minimum: $5,000

Maximum: $500,000 (more with prior company approval)

Single Premium Deferred Annuity
Flexible Premium Deferred Annuity - generic bill with clockwise arrows above and below

Flexible Premium Deferred Annuity

With Alfa’s flexible premium deferred annuity, you have options. You can make premium payments on a regular or irregular basis so can enjoy flexibility with your budget

Contribution Limits:

Minimum: $50 Monthly

Maximum: $500,000, or $10,000 monthly (more with prior company approval)

Flexible Premium Deferred Annuity
Call to Learn More

Call us at 1-800-964-2532 to learn more about annuities with Alfa® today.

Annuities FAQs

An annuity is a contract between a buyer and a financial institution, usually an insurance company. A buyer will usually pay a monthly sum of money toward the principal. In return, the insurance company will provide payments to the buyer (whether in a series of payouts or a one-time lump sum). Annuities are meant to provide a stream of income over a period until the buyer’s death. They accumulate interest, which can provide the buyer with more money.

Annuities are tax-deferred, which means taxes are not taken out until the money is withdrawn, even while interest accrues on the savings.

Those close to retirement age are great candidates for an annuity. Anyone looking to build up their savings nest egg in a low-risk setting should consider purchasing an annuity.

It depends on the status of your annuity policy and the settlement options that you choose. Some annuities cease payments after the death of the annuity owner, while others may continue to provide payments to a beneficiary.