What is an Annuity?

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Boosted Deferred Annuity 1 Rates!

We’ve raised rates across our deferred annuity suite. Take advantage of our rates today because they are available for a limited time.
Rates up to 3.50% APY 2

 

1) KSKJ Life deferred annuities offered in 3, 5, and 7 year single-deposit deferred contracts or a 7 year flexible-deposit deferred contract. After the first year, the owner may withdraw up to 10% of the accumulated value each contract year (on the 5-year Choice, 5-year Window,7-year Flex One or Two or 7-year Single Premium Bonus One or Two) while surrender charges may apply for annual withdrawals beyond these amounts. Deposit limits exist. Not FDIC insured. Not available in all states. Early withdrawals and those made prior to age 59 1/2 may be subject to IRS penalty. We are not tax advisors-please consult a tax professional. 2) Advertised rate listed is the one-year bonus rate of KSKJ Life’s 7-year Flex One or Single Premium Bonus One on a deposit of $100,000+ (max of $500K) effective as of 2/28/2022. Rates available for a limited time only and subject to change and reviewed frequently. Please call KSKJ Life for rates on our other annuity products. KSKJ Life, American Slovenian Catholic Union, is an Illinois fraternal benefit society located at 2439 Glenwood Ave., Joliet, IL 60435
  • Deferred Annuities

    A deferred annuity will delay payments until you choose to receive them, which would typically be once you actually retire. During the savings phase, you’d put money into the account, and during the income phase, the plan would begin relinquishing your payouts, or “lifetime paychecks”.

  • Immediate Annuities

    Immediate annuities are best for those already in or close to retirement because they offer guaranteed income for life or a set period of time. This kind of annuity is designed to start paying income as soon as you start the policy.

Which Annuity is Right for You?

  • 3-Year Choice Annuity

    Deferred Annuity

    This annuity is a 3-year single deposit contract with a guaranteed interest rate for 3 years, after which the current renewal rate will apply.

  • 5-Year Choice Annuity

    Deferred Annuity

    This annuity is a 5-year single deposit contract with a guaranteed interest rate for 5 years, after which the current renewal rate will apply.

  • 5-Year Window Annuity

    Deferred Annuity

    This annuity is a 5-year single deposit contract with a guaranteed interest rate for the first year. After 1 year, you can: 1) Withdraw the funds without surrender fees, 2) open another annuity or 3) continue with the assigned interest rate.

  • Flex One Annuity

    Deferred Annuity

    This annuity is a 7-year flexible or single deposit contract with a bonus interest rate guaranteed for one (1) year, after which the current renewal rate will apply.

  • Flex Two Annuity

    Deferred Annuity

    This annuity is a 7-year flexible or single deposit contract with a bonus interest rate guaranteed for two (2) years, after which the current renewal rate will apply.

  • Single Premium Bonus One Annuity

    Deferred Annuity

    This annuity is a 7-year single deposit contract with a bonus interest rate guaranteed for one (1) year, after which the current renewal rate will apply.

  • Single Premium Bonus Two Annuity

    Deferred Annuity

    This annuity is a 7-year single deposit contract with a bonus interest rate guaranteed for two (2) years, after which the current renewal rate will apply.

  • KSKJ Life SPIA

    Immediate Annuity

    A KSKJ Life SPIA provides the ease and simplicity of a one-time premium payment along with two different payout options to meet your needs.

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