Woman’s Life Insurance Society

Single Premium Deferred Annuity (M99-2300 SPDA)

Single Premium Deferred Annuity

A Woman’s Life Insurance Society Single Premium Deferred Annuity can be a good long-term planning option for you if you want to:

  • Make a single premium contribution and do not plan to make future contributions;
  • Steadily accumulate interest on a tax-deferred basis to help assure your financial security in retirement;
  • Benefit from a guaranteed minimum interest rate;
  • Consolidate or transfer funds earmarked for the future for convenient, one-stop administration;
  • Enjoy a bonus interest feature.

How it Works:

The Woman’s Life Single Premium Deferred Annuity (SPDA) lets you make a one-time premium payment of $50,000 or more which earns a competitive rate of return.* All interest is tax-deferred; you won’t pay taxes until you choose to withdraw funds from the annuity.

An annuity is designed for long-term planning. When you are ready to retire (or reach age 59½ or older), you can select from several payout options to meet your needs. You can make a lump sum withdrawal, or you might choose to receive funds from your annuity on a monthly basis to supplement other sources of retirement income. You might choose to receive income from your annuity for a specific number of years, or for the rest of your life – no matter how long you live.

Special Features

Available for issue ages 0 to 85

Single premium: This deferred annuity plan requires a minimum premium of $50,000 and allows a maximum premium of $500,000. The plan accommodates rollovers from qualified plans such as a 401(k) and accepts money you move from other financial instruments such as matured certificates of deposit or an inheritance.

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

Interest crediting method: The current interest rate includes a first-year interest bonus, payable for the first certificate year only. 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%.

Surrender and withdrawal charges: Charges are imposed during the first ten certificate years. Withdrawal and surrender charges gradually decrease 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.

How much will you need to save 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, including any increase in the current rate based on the amount of accumulated value are not guaranteed and could go up or down. However, the current interest rate can never go below the guaranteed minimum 1.75% rate. Distribution prior to age 59½ may be subject to 10% federal tax penalty. This 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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