Page 5 - AAA Northampton County – AAA Now! – Spring 2017

INSURANCE SERVICES
AAA
TM
ADVANTAGES OF AAA LIFE’S DEFERRED ANNUITIES
LIQUIDITY
Even though annuities offered by AAA Life Insurance Company have surrender charges, systematic withdrawals of 10% or less are available immediately without any surrender charges. After the first year, our deferred annuities allow you to make up to a one time 10% withdrawal every year without a withdrawal charge. Under current tax law, earnings withdrawn prior to age 59 1/2 may be subject to IRS penalty separate from the annuity’s schedule of withdrawal charges.
TAX ADVANTAGES
Under current tax law, earnings on annuities are tax-deffered.* Generally, no tax is due until you actually take the money out. The tax-deferral advantages of the annuity may be stretched out
over the life of the annuitant or beneficiary through annuitization.
RETURNS
With a deferred annuity, your premium earns interest, your interest earns interest, and the money you would have paid in taxes is deferred to the future. Annuity rates are competitive and all interest rates are annual effective yields.
STABILITY
Life insurance companies have to comply with stringent reserve policies in all the states they conduct business.
GUARANTEED MINIMUM INTEREST RATE
No need to worry about the ups and downs of the
financial markets. The interest rate is credited from the first day of receipt of funds. AAA Life’s deferred annuities will never earn less than the guaranteed minimum interest rate.
PROBATE AVOIDANCE
Annuities can avoid probate if the named beneficiary is an individual.
EXCHANGEABLE
Under IRS Reg.Sec. 1035, deferred annuities can be exchanged without taxation.
INCOME STREAM
Annuitization can guarantee an income for life depending on the payment plan selected at the time of purchase and the initial premium amount.
*AAA Life and its agents do not provide legal, tax, or financial advice. Please consult your professional advisor prior to the purchase of any contract.
IRAs and Qualified Plans already provide tax-deferral of earnings. There is no additional benefit from an annuity’s tax-deferral feature. An annuity should be used to fund an IRA when its features, other than tax-deferral, are beneficial. Annuities are not short-term products. During the surrender charge period, withdrawals exceeding 10% will be subject to a surrender charge that may be higher than fees associated with other types of financial products and may reduce principal. Annuities offered by AAA Life Insurance Company, Livonia, MI. AAA Life (CA Certificate of Authority #07861) is licensed in all states except NY. Automobile Club of Southern California CA License #0003259. CSAA Life Insurance Agency of California, Inc. CA License #0D12130. Insurance products in Northern California offered through AAA Northern California Insurance Agency, License #0175868, in Nevada by AAA Nevada and in Utah by AAA Utah. Your local AAA club and/or its affiliates act as agents for AAA Life. Contract Form Series ICC11-4111, ICC11-4101/DA-4101 (In OR: ICC11-4111, ICC11-4101).
ALAN-17732-D15-XX
GREAT ANNUITY RATES
4.50
We Accept IRA Rollovers!
Annuities up to
%
Current
First Year Interest Rate*
Earn no less than 1.00% – guaranteed.
ANNUITY
ISSUE AMOUNTS
CURRENT FIRST YEAR BASE INTEREST RATE
FIRST YEAR BONUS INTEREST RATE
TOTAL FIRST YEAR ANNUITY RATE
PLATINUM BONUS ANNUIT Y®
$3,000 - $49,999
2.00%
1.50%
3.50%
$50,000 - $499,999
2.00%
2.00%
4.00%
$500,000 - and above
2.00%
2.50%
4.50%
CONTACT YOUR LIFE INSURANCE SPECIALIST TODAY!
LISA MOYER – AAA NORTHAMPTON COUNTY
3914 HECKTOWN ROAD, EASTON, PA 18045 • 484-546-0719
* First-year rate shown above is accurate as of 2/14/17 and subject to change without notice. Benefits may be taxable. Rates shown are annual effective yields. The first-year interest rate is guaranteed for first contract year only. It is separate from the guaranteed minimum rate effective for all contract years. Interest rates are credited from the first day of receipt of funds. Annuities are not short-term products. During the surrender charge period, withdrawals exceeding 10% will be subject to a surrender charge that may be higher than fees associated with other types of financial products and may reduce principal. Withdrawals prior to 59 1⁄2 may be subject to IRS penalties, separate from the annuity's schedule of surrender charges. For complete details of coverage and specific details of the surrender charge schedule, please refer to the contract. AAA Life and its agents do not provide legal, tax or financial advice. Please consult your professional advisor prior to the purchase of any contract. Annuities offered by AAA Life Insurance Company, Livonia, MI. AAA Life (CA Certificate of Authority #07861) is licensed in all states except NY. Your local AAA club and/or its affiliates act as agents for AAA Life. Platinum Bonus Annuity Contract Form Series: ICC11-4111/DA-4111 (In OR: ICC11-4111)
ALAN-23099-117-XX
SPRING 2017
3914 Hecktown Rd., Easton, PA • (610) 258-2371 • www.aaanc.com
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