What is an Annuity?
An annuity is designed to assist with retirement and other long range goals.
Western Catholic Union annuities are a perfect way to protect your assets. With a WCU annuity you can be assured that your money will be safe and secure while earning an excellent rate of return, tax deferred. This means that you do not pay taxes on your earnings until you make a withdrawal from your certificate.
With four types of annuities to choose from there is sure to be one that fits your needs. First is the Multi-year Guarantee which guarantees the interest rate for the term of the contract. Second is the Single Premium Deferred Annuity which allows a single deposit to grow at a reviewable rate. The third option is a Flexible Premium Deferred Annuity that allows you the member to deposit additional funds during the life of the contract along with the reviewable rate.
The last type of annuity that WCU offers is a Single Premium Immediate Annuity for the member that wants to annuitize and receive payments from their annuity or other funds for a certain period of time or for life while earning interest on the monies.
Whatever your situation, Western Catholic Union has the annuity product that will suit your financial needs.
WCU Annuity Advantages
- Tax deferred growth
- Ability to annuitize receiving payments monthly or annually
- Interest rate will never drop below minimum guaranteed rate
- 10% penalty free withdraw in any contract year
Our annuity plans are available in the following states:
- West Virgina
Click here to contact the Home office and we can help you locate a representative in your area.