Single Premium Deferred Annuity
With Alfa’s single premium deferred annuity, you make only one premium payment at policy issue. You can withdraw up to 10% of the accumulation value each year without a surrender charge after the first 10 years. You choose when you would like income to be paid to the annuitant based on your selected payout options.*
Why Single Premium Deferred Annuity?
- One-time payment
- Current interest rate: 1.5%
- Guaranteed interest rate: 1.5%
- Only a 9-year surrender charge
Call to start your quote
*Payments withdrawn during the first 10 years of the annuity contract will be subject to an early withdrawal charge. Please refer to the annuity contract and illustration for additional information. Tax penalties may apply to withdrawals made before the contract purchaser reaches age 59½. Your tax advisor can assist you with the tax implications of annuity withdrawals.
The information presented is intended only to provide a general description of Alfa Insurance® and/or its product lines and services. An actual policy contains the specific details of the coverages, conditions and exclusions. Your Alfa® agent can explain the policy and benefits and answer any questions you may have before you buy.
Single Premium Deferred Annuity
With Alfa’s single premium deferred annuity, you make only one premium payment at policy issue. You can withdraw up to 10 percent of the accumulation value each year without a surrender charge after the first 10 years. You choose when you would like income to be paid to the annuitant based on your selected payout options.*
- One-time payment
- Current interest rate: 1.5%
- Guaranteed interest rate: 1.5%
- Only a 9-year surrender charge
Call to start your quote
*Payments withdrawn during the first 10 years of the annuity contract will be subject to an early withdrawal charge. Please refer to the annuity contract and illustration for additional information. Tax penalties may apply to withdrawals made before the contract purchaser reaches age 59½. Your tax advisor can assist you with the tax implications of annuity withdrawals.
The information presented is intended only to provide a general description of Alfa Insurance® and/or its product lines and services. An actual policy contains the specific details of the coverages, conditions and exclusions. Your Alfa® agent can explain the policy and benefits and answer any questions you may have before you buy.