Woman’s Life Insurance Society

Flexible Premium Deferred Annuity (M99-2200 FLEX)

Flexible Premium Deferred Annuity

A Flexible Premium Deferred Annuity from Woman’s Life Insurance Society® lets you decide how much and how often to contribute. You can make premium payments systematically (such as monthly, quarterly, or annually) or periodically, when the opportunity arises.

Your money earns a competitive fixed interest rate on a tax-deferred basis. You won’t pay taxes on your earnings until distribution is made from your annuity.

When you’re ready to retire, benefits can be taken under several options – from a lump sum to a guaranteed income for the rest of your life, no matter how long you live.

A Woman’s Life Flexible Premium Deferred Annuity may be right for you if you want to:

  • Plan for financial independence in retirement by steadily building assets through periodic premium payments;
  • Transfer funds earmarked for retirement from other sources and continue to make contributions;
  • Establish a new Traditional or Roth IRA (if you qualify) or non-IRA annuity;
  • Enjoy the safety of a guaranteed minimum return.

Special Features

Initial premium deposit: This plan can be initiated with an initial premium as follows:

  • Ages 0–24: $500 (or $25 monthly on an automatic bank draft)
  • Ages 25–49: $1,000 (or $50 monthly on an automatic bank draft)
  • Ages 50–85: $1,000 (or $100 monthly on an automatic bank draft)

Maximum payment at issue is $500,000. This plan also accommodates rollovers from other qualified retirement plans like a 401(k), or when money is moved from other financial instruments such as matured certificates of deposit.

Additional premium payments: We encourage you to save aggressively for your future. One way to do this is by making consistent premium payments to maximize your accumulated value. With our Flexible Premium Deferred Annuity, you can make monthly payments with an automatic bank draft, or we will send you quarterly, semi-annual, or annual reminders. Credit card payment is also available in some states for automatic or billed premium payments.

Principal guarantee: Cash surrender value will not be less than the total amount of premium paid minus previous withdrawals.

Interest crediting method: The interest rate includes a first-year bonus interest rate payable for the first certificate year. On each subsequent certificate anniversary, the interest credited is subject to change and could go up or down. However, the interest rate can never fall below the guaranteed annual rate of 1.75%.

Decreasing surrender and withdrawal charges: Charges are imposed during the first ten policy years. Withdrawal and surrender charges gradually decrease and end entirely after ten years in accordance with the following chart:

Certificate Year 1 2 3 4 5 6 7 8 9 10 11+
Surrender / Withdrawal Charge 7% 7% 7% 7% 6% 5% 4% 3% 2% 1% 0%

Special endorsements: This plan may be endorsed for both Traditional and Roth IRAs.

Are you currently saving enough for retirement? Use our Retirement Calculator to find out.

For more information, request a free, no obligation needs analysis with a Woman’s Life representative.

Make the Connection: Woman’s Life is a different kind of insurance provider – a better kind of different. We provide life insurance and annuity products to help you plan for a secure financial future while also supporting friends, neighbors, and families in need. Click here for more information about the Communities and Causes supported by active Woman’s Life Chapters.


This plan is not available in all states.
Current interest rates are not guaranteed and could go up or down. However, the current interest rate can never go below the guaranteed minimum 1.75% rate. The interest rate for a premium payment is subject to change annually. Distribution prior to age 59½ may be subject to 10% federal tax penalty. This fixed deferred annuity plan is not FDIC insured, nor is it insured by any other agency of the United States. It is not a bank deposit. It is not guaranteed by a bank or any bank affiliate. It may lose value.

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