Annuities
Multi Year Guaranteed Annuity (MYGA)
Form Series 21211512
Protect your retirement.
Royal Neighbors Multi-Year Guarantee Annuity (MYGA) allows for one lump-sum premium. It will earn tax-deferred interest until maturity, which provides guaranteed growth. MYGA provides you with two guaranteed interest rate periods, each of the same length – 3, 5, or 10 years. #1
After the second guaranteed interest rate period, the MYGA will not credit interest below the minimum guaranteed interest rate. With the two guaranteed interest rate periods and the minimum guaranteed interest rate, you will be accumulating retirement savings with the comfort in knowing your nest egg will always grow. There is a potential to receive higher interest rates due to the Market Value Adjustment (MVA). The MVA may decrease the value of the annuity if rates decrease, but will not go below our minimum guaranteed rate. #2
Access your money in an emergency.
With our Member Emergency Access Rider (Form Series 211451-MEAR), after the first Certificate Year, and upon the occurrence of a Qualifying Emergency Event, the Owner is eligible for a one-time withdrawal of up to 50% of the account value which is the account value as of the beginning of the Certificate Year in which the withdrawal is made, not to exceed $250,000 – no surrender charges or market value adjustments apply! #3 You can have comfort in knowing you can access your MYGA funds in a time of need. This rider is available for no additional premium.
Disclosure:
- Florida consumers only: The 10-year MYGA (Form Series 21211512-FL-10-65) does not have a repeating withdrawal charge period for applicants age 65+.
- Market Value Adjustment may increase or decrease the value of the annuity depending on the movement of the Treasury index from the beginning of the guaranteed interest rate period.
- Qualifying Emergency Event: loss of owner’s primary residence due to natural disaster, fire, or unforeseen accident. Loss of owner’s business due to natural disaster, fire, or unforeseen accident. Death of owner’s immediate family member. Involuntary loss of owner’s employment for more than 90 days. Accidental loss by owner of arm, leg, hand, foot, or sight in at least one eye. Hospitalization of five or more days of owner due to accident or illness
A fixed annuity is a long-term, tax-deferred product designed for retirement savings and has limitations, including Surrender Charges. Guarantees are based on the strength and claims-paying ability of Royal Neighbors. Not FDIC insured – may lose value. Guaranteed for the first three, five, or ten Certificate Years depending on the product selected; after which another guarantee for the same number of years is provided. At the end of the second guarantee interest rate period, the annuity will continue to earn tax-deferred interest at a rate set by Royal Neighbors, not less than the minimum guaranteed rate stated in the annuity contract, until maturity.
Royal Neighbors MYGA (Form Series 21211512). Royal Neighbors of America (NAIC #57657), is an Illinois corporation and is licensed in all states and the District of Columbia, except AL, AK, HI, LA, MA, NH, NY. Not all products are available in all states. Contractual provisions and limitations may vary by state. Royal Neighbors contracts are not FDIC insured, and are not a deposit account and may lose value.
Single Premium Immediate Annuity
Form Series 200231A
Why save with a Single Premium Immediate Annuity?
Royal Neighbors Single Premium Immediate Annuity #4 could be ideal if you are worried you might outlive the funds you have set aside for retirement, or you are uncomfortable with the uncertainty on your retirement income planning.
Security doesn’t get much easier to achieve
Our Single Premium Immediate Annuity is a cost-effective way to grow funds. As its name implies, it’s a contract, or agreement, under which you pay one lump-sum premium ($5,000 minimum), and immediately begin to receive steady fixed income payments. Once a contract is issued, the payments are fixed, and cannot be changed during the term of the contract.
You can manage your tax liability #5
This annuity allows you to spread your tax liability over the life of the contract. As you may know, spreading your taxable income over time can result in lower tax rates.
Royal Neighbors Single Premium Immediate Annuity could be the right choice for you. You have two payout options:
- You can elect to receive cash payments at whatever intervals you choose (monthly, quarterly, semi-annually, or annually) over a specific period of time – anywhere from five to 30 years.
- Or you can choose the “Life Income” option with a 10- or 20-year Period Certain, and receive payments for the rest of your life. In addition, you may purchase a joint and survivor option, which continues regular payments as long as one of the Annuitants is alive.
Disclosure:
- Annuities are not available in all states. Contractual provisions and limitations may vary by state. Annuities are products of the insurance industry and are not guaranteed by any bank or credit union. They are not insured by the FDIC or any federal government agency. They are not a deposit and may lose value.
- Please consult with a qualified tax professional for information specific to your personal situation. Tax law is subject to interpretation and legislative change.
Royal Neighbors Single Premium Immediate Annuity (Form Series 200231A). Royal Neighbors of America® (NAIC #57657), is an Illinois corporation and is licensed in all states and the District of Columbia, except AL, AK, HI, LA, MA, NH, NY. Not all products are available in all states. Contractual provisions and limitations may vary by state.
Flexible Premium Deferred Annuity
Form Series 1221
Why save with a flexible premium deferred annuity?
You get maximum flexibility with Royal Neighbors of America’s Flexible Premium Deferred Annuity. Life changes quickly, and you need a retirement income plan that lets you control your premium payments as your situation changes.
Are you financially confident in your retirement income planning?
Royal Neighbors guarantees the interest rate for the Flexible Premium Deferred Annuity #6 will not drop below the Minimum Guaranteed Credited Rate during the accumulation period. The actual interest rate credited to you could be higher.
Defer your tax liability
With Royal Neighbors Flexible Premium Deferred Annuity, contributions and earnings on the annuity are tax-deferred – meaning you do not pay tax on the money your annuity earns until you make a withdrawal. #7
Disclosure:
- A fixed annuity is a long-term, tax deferred product designed for retirement savings and has limitations, including Surrender Charges. Administration fee applies if minimum annual accumulation values are not satisfied.
- Please consult with a qualified tax professional for information specific to your personal situation. Tax law is subject to interpretation and legislative change.
Annuities are not available in all states. Contractual provisions and limitations may vary by state. Annuities are products of the insurance industry and are not guaranteed by any bank or credit union. They are not insured by the FDIC or any federal government agency. They are not a deposit and may lose value.
Royal Neighbors Flexible Premium Deferred Annuity (Form Series 1221). Royal Neighbors of America® (NAIC #57657), is an Illinois corporation and is licensed in all states and the District of Columbia, except AL, AK, HI, LA, MA, NH, NY. Not all products are available in all states. Contractual provisions and limitations may vary by state. They are not insured by the FDIC or any federal government agency. They are not a deposit and may lose value.