Single Premium Annuities

            RATE CHANGES EFFECTIVE NOVEMBER 1, 2011

1 Year APY*

2 Year APY *

3 Year APY*

1.75%

2.00%

2.25%

   

5 Year APY*

8 Year APY*

10 Year APY*

3.00%

3.25%

3.50%

 Rate change effective Nov 1, 2011.

Guaranteed rate is 1% on the  five, eight and 3% for the ten year plans. 

Our tax Deferred annuities can put more in YOUR pocket.

*A current APY (Annual Percentage Yield) means that Western Catholic Union currently pays 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 1% for all annuities escept  10 year annuity which has a 3% guranantee. 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 1% or 3% as stated in the certificate during the term of the annuity.

10 - Year Surrender Charge Plans
- Currently yielding 3.50%*

  • 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 premium of $1,000
  • Medical expense benefit withdrawal allowed (no fee)
  • Terminal illness benefit (no fee)
  • Nursing home benefit (no fee)

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8 - Year Surrender Charge Plans
- Currently Yielding 3.25%*

  • Includes Qualified and Non-Qualified, IRA, and Roth
  • Above plan is not guaranteed. The guaranteed interest rate is 1.00%.
  • 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 premium of $1,000
  • Medical expense benefit withdrawal allowed (no fee)
  • Terminal illness benefit (no fee)
  • Nursing home benefit (no fee)

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5 - 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 1.00%
  • 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 premium of $1,000
  • Medical expense benefit withdrawal allowed (no fee)
  • Terminal illness benefit (no fee)
  • Nursing home benefit (no fee)

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3 - Year Single Premium - Yielding 2.25%     

  • Includes Qualified and Non-Qualified, IRA, and Roth
  • Low start up premium of $1,000
  • Surrender charges - Yr 1 - 9%; Yr 2 - 7; Yr 3 - 5% and 0 thereafter
  • 10% free withdrawal each year.
  • Minimum guaranteed yield 1%

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2 -Year yielding 2.00%

  • Includes Qualified and Non-Qualified, IRA, and Roth
  • Low start up premium of $1,000
  • Surrender charges:  Yr 1 -9%; Yr 2 - 7%; and 0 thereafter
  • 10% free withdrawal each year.
  • Minimum guarantee yield 1%

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1 - Year yielding 1.75%

  • Includes Qualified and Non-Qualified, IRA, and Roth
  • Low start up premium of $1,000.
  • Surrender Charges: Yr 1 - 9%; and 0 thereafter.
  • 10% free withdrawal each year.
  • Minimum guaranteed rate 1.00%

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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
  • Single Premium Deferred Annuities may be added to within the first 90 days of issue,
  • Supported by high investment quality bonds
  • yield effective 10-1-2010.

* A current APY (Annual Percentage Yield) means that Western Catholic Union currently pays 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 a long term annuity (5 years or more) from Western Catholic Union it will have a minimum guaranteed interest rate of 1% for the 5 and 8 year annuities and 3% for the 10 year. 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 1% or 3% as stated in the certificate during the term of the annuity.