Woman’s Life Insurance Society

Single Premium Deferred Annuity (M99-2300 SPDA)

This deferred annuity plan is a good selection for you if you have a single premium contribution amount, do not plan to make future contributions, and are looking for a bonus interest feature.

Special Features

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

Interest crediting method: The interest rate includes a first year interest bonus, payable for the first policy year only. On each subsequent policy 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%.

Surrender and withdrawal charges: Charges are imposed during the first ten policy 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.

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


This deferred annuity 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% rate. Distribution prior to age 59 ½ 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.