Annuities
Find the Annuity that is Right for You
An annuity is designed to assist with retirement and other long range goals. Our 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.
WCU Annuity Advantages
- Tax deferred growth
- Ability to annuitize to receive regular distributions
- Interest rate will never drop below minimum guaranteed rate
- 10% penalty free withdraw in any contract year
Whatever your situation, WCU has the annuity product that will suit your financial needs. Our annuities are available in the following states: IL, IA, MD, MO, OH, PA, TX, WV, WI
7-Year FLEX: 5.70% APY Flexible Premium
This annuity gives you the ability to add additional funds while earning interest at a flexible rate, with a guaranteed minimum. APY stated is guaranteed for the first year only.
Product Features:
- Minimum guaranteed interest rate is 2.50%
- Interest rate guaranteed for first year, after that rate can fluctuate up or down
- Available in both qualified and non-qualified
- Issue Ages 18-85
- Minimum premium $2,000
- Interest compounded daily
- Tax deferred growth
- Ability to add additional funds
- Death benefit is full account value
- 10% penalty free withdrawal allowed each contract year
- Distributions above the penalty free amount are subject to a 9% fee in the first year. The fee decreases by 1% in each subsequent year. No surrender penalties after the initial term.
Surrender Charge Waiver Provisions Included:
This provision waives the surrender charge on partial withdrawals up to varying percentages of the fund value for the occurrence of one of the following events:
- Nursing home benefit – up to 50% of fund value
- Only available for issue ages 80 & younger
- Must be confined to nursing home for at least 90 days
- Unemployment – up to 50% of fund value
- Only available for attained ages 64 & younger
- Occurrence of a heart attack – up to 25% of fund value
- Diagnosis of internal cancer – up to 25% of fund value
NOTE: These provisions only apply in certificate years 2 and later and are limited to a single episode of one of these provisions.
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the FLEX products, click here.
5-Year FLEX: 5.35% APY Flexible Premium
This annuity gives you the ability to add additional funds while earning interest at a flexible rate, with a guaranteed minimum. APY stated is guaranteed for the first year only.
Product Features:
- Minimum guaranteed interest rate is 2.50%
- Interest rate guaranteed for first year, after that rate can fluctuate up or down
- Available in both qualified and non-qualified
- Issue Ages 18-85
- Minimum premium $2,000
- Interest compounded daily
- Tax deferred growth
- Ability to add additional funds
- Death benefit is full account value
- 10% penalty free withdrawal allowed each contract year
- Distributions above the penalty free amount are subject to a 9% fee in the first year. The fee decreases by 1% in each subsequent year. No surrender penalties after the initial term.
Surrender Charge Waiver Provisions Included:
This provision waives the surrender charge on partial withdrawals up to varying percentages of the fund value for the occurrence of one of the following events:
- Nursing home benefit – up to 50% of fund value
- Only available for issue ages 80 & younger
- Must be confined to nursing home for at least 90 days
- Unemployment – up to 50% of fund value
- Only available for attained ages 64 & younger
- Occurrence of a heart attack – up to 25% of fund value
- Diagnosis of internal cancer – up to 25% of fund value
NOTE: These provisions only apply in certificate years 2 and later and are limited to a single episode of one of these provisions.
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the FLEX products, click here.
2-Year FLEX: 4.00% APY Flexible Premium
This annuity gives you the ability to add additional funds while earning interest at a flexible rate, with a guaranteed minimum. APY stated is guaranteed for the first year only.
Product Features:
- Minimum guaranteed interest rate is 2.00%
- Interest rate guaranteed for first year, after that rate can fluctuate up or down
- Available in both qualified and non-qualified
- Issue Ages 18-85
- Minimum premium $2,000
- Interest compounded daily
- Tax deferred growth
- Ability to add additional funds
- Death benefit is full account value
- 10% penalty free withdrawal allowed each contract year
- Distributions above the penalty free amount are subject to a 9% fee in the first year. The fee decreases by 1% in each subsequent year. No surrender penalties after the initial term.
Surrender Charge Waiver Provisions Included:
This provision waives the surrender charge on partial withdrawals up to varying percentages of the fund value for the occurrence of one of the following events:
- Nursing home benefit – up to 50% of fund value
- Only available for issue ages 80 & younger
- Must be confined to nursing home for at least 90 days
- Unemployment – up to 50% of fund value
- Only available for attained ages 64 & younger
- Occurrence of a heart attack – up to 25% of fund value
- Diagnosis of internal cancer – up to 25% of fund value
NOTE: These provisions only apply in certificate years 2 and later and are limited to a single episode of one of these provisions.
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the FLEX products, click here.
5-Year MYGA: 4.60% APY Multi-Year Guarantee
This is a single premium annuity with the stated APY guaranteed for 5 years.
Product Features:
- Available in both qualified and non-qualified (including ROTH)
- Joint spousal ownership available on non-qualified
- Issue Ages 18-90
- Minimum premium $5,000
- Interest compounded daily
- Tax deferred growth
- Death benefit is full account value
- 10% penalty free withdrawal allowed each contract year
- Distributions above the penalty free amount are subject to a 8% fee in the first year. The fee decreases by 1% in each subsequent year. No surrender penalties after the initial term.
Surrender Charge Waiver Provisions Included:
This provision waives the surrender charge on partial withdrawals up to varying percentages of the fund value for the occurrence of one of the following events:
- Nursing home benefit – up to 50% of fund value
- Only available for issue ages 80 & younger
- Must be confined to nursing home for at least 90 days
- Unemployment – up to 50% of fund value
- Only available for attained ages 64 & younger
- Occurrence of a heart attack – up to 25% of fund value
- Diagnosis of internal cancer – up to 25% of fund value
NOTE: These provisions only apply in certificate years 2 and later and are limited to a single episode of one of these provisions.
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the MYGA products, click here.
4-Year MYGA: 4.45% APY Multi-Year Guarantee
This is a single premium annuity with the stated APY guaranteed for 4 years.
Product Features:
- Available in both qualified and non-qualified (including ROTH)
- Joint spousal ownership available on non-qualified
- Issue Ages 18-90
- Minimum premium $5,000
- Interest compounded daily
- Tax deferred growth
- Death benefit is full account value
- 10% penalty free withdrawal allowed each contract year
- Distributions above the penalty free amount are subject to a 8% fee in the first year. The fee decreases by 1% in each subsequent year. No surrender penalties after the initial term.
Surrender Charge Waiver Provisions Included:
This provision waives the surrender charge on partial withdrawals up to varying percentages of the fund value for the occurrence of one of the following events:
- Nursing home benefit – up to 50% of fund value
- Only available for issue ages 80 & younger
- Must be confined to nursing home for at least 90 days
- Unemployment – up to 50% of fund value
- Only available for attained ages 64 & younger
- Occurrence of a heart attack – up to 25% of fund value
- Diagnosis of internal cancer – up to 25% of fund value
NOTE: These provisions only apply in certificate years 2 and later and are limited to a single episode of one of these provisions.
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the MYGA products, click here.
3-Year MYGA: 4.30% APY Multi-Year Guarantee
This is a single premium annuity with the stated APY guaranteed for 3 years.
Product Features:
- Available in both qualified and non-qualified (including ROTH)
- Joint spousal ownership available on non-qualified
- Issue Ages 18-96
- Minimum premium $5,000
- Interest compounded daily
- Tax deferred growth
- Death benefit is full account value
- 10% penalty free withdrawal allowed each contract year
- Distributions above the penalty free amount are subject to a 8% fee in the first year. The fee decreases by 1% in each subsequent year. No surrender penalties after the initial term.
Surrender Charge Waiver Provisions Included:
This provision waives the surrender charge on partial withdrawals up to varying percentages of the fund value for the occurrence of one of the following events:
- Nursing home benefit – up to 50% of fund value
- Only available for issue ages 80 & younger
- Must be confined to nursing home for at least 90 days
- Unemployment – up to 50% of fund value
- Only available for attained ages 64 & younger
- Occurrence of a heart attack – up to 25% of fund value
- Diagnosis of internal cancer – up to 25% of fund value
NOTE: These provisions only apply in certificate years 2 and later and are limited to a single episode of one of these provisions.
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the MYGA products, click here.
SPIA up to 4.50% APY
This single premium immediate annuity converts a lump sum investment into a series of income payments for a defined period or for life while earning a fixed interest rate.
SPIA Rates
Period Certain:
- 3 Years: 2.50%
- 4 Years: 2.75%
- 5-10 Years: 3.50%
- 11-15 Years: 3.75%
- 16-20 Years: 4.00%
Period Certain + Life: 4.50%
Product Features
- Guaranteed income that can be distributed monthly, quarterly, semi-annually or annually
- Payment schedule cannot be modified once established
- Additional deposit or withdrawals are not permitted
- Period Certain available in 3-20 year terms
- Period Certain + Life available in 5, 10, 15 or 20 year terms
- Issue Ages vary by product type and term
- Life Option means you cannot outlive your payments
- Joint and survivor options available
- Minimum monthly payment of $50.00
- Available in both qualified and non-qualified
- Beneficiary continues to receive payment for remainder of guarantee period
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the SPIA product, click here.
LEGACY SPIA up to 2.25% APY
This single premium immediate annuity was designed for estate planning for those specifically working with elder law attorneys.
Period Certain Rates
- 2-23 months: 0.05%
- 4-35 months: 0.75%
- 36-59 months: 1.25%
- 60-119 months: 1.75%
- 120+ months: 4.00%
Product Features
- Provides guaranteed income for a specific period
- Payment schedule cannot be modified once established
- Issue Ages vary by product type and term
- Additional deposit or withdrawals are not permitted
- Policy is irrevocable and non-transferable
- No ownership change allowed
- No beneficiary change allowed
- No cash value means no ability to surrender
- Option during application for allowing beneficiary to receive lump sum after owner’s death, or for beneficiary to continue payments
- Beneficiary continues to receive payment for remainder of guarantee period
This SPIA was developed specifically for agents who work with elder law attorneys and the estate planning process of their clients.
WCU does not provide legal or tax advice. Please consult with your legal or tax professional to determine the best product for you. Annuity rates subject to change.
For a printable pdf that describes the Legacy SPIA, click here.