At KSKJ Life, we take the time to educate our members on their investments. Annuities may sound mysterious, but our products are simple and straightforward. Annuities offer reliable returns on tax-deferred funds and are typically used as an alternative to a Certificate of Deposit (CD). With reliable rates and no sales charges or fees, a KSKJ Life Annuity may be just what you need to secure your savings.
Which annuity is right for me?
| Products | Flex One | FLEX TWO | 5-Year Choice | 3-Year Choice | Immediate | Single Premium Bonus One | Single Premium Bonus Two | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Policy Length
|
7 years |
7 years |
5 years |
3 years |
product-specific |
7 years |
7 Years |
|||||||
|
Type of Deposit
|
flexible / single |
flexible / single |
single |
single |
single |
single |
single |
|||||||
|
Minimum Deposit
|
$5,000 |
$5,000 |
$5,000 |
$5,000 |
$10,000 |
$5,000 |
$5,000 |
|||||||
|
Interest Rate Guaranteed Period
|
1 year bonus |
2 year bonus |
5 years |
3 years |
variable |
1 Year Bonus |
2 Year Bonus |
|||||||
|
Additional Deposit Accepted
|
||||||||||||||
|
Automatic Interest Only Payments
|
||||||||||||||
|
Free Withdrawal After First Year*
|
10% |
10% |
15% |
5% |
-- |
10% |
10% |
|||||||
|
Nursing Home Waiver*
|
||||||||||||||
|
Convert into Single Premium Immediate Annuity with no Surrender Charges
|
||||||||||||||
*This is a member benefit for the 3 and 5-year annuities that is not guaranteed and can be modified at any time by the KSKJ Life Board of Directors