Financial Security When looking for safety, tax advantages or flexibility, be sure to include a fixed rate, tax deferred annuity from National Catholic Society of Foresters (NCSF) in your financial planning. NCSF has invested members’ money prudently and thoughtfully for over a century.
Your NCSF annuity certificate will earn a competitive interest rate, which is guaranteed for the first year. The Society adjusts the renewal rate periodically, based on prevailing market rates. A minimum guaranteed interest rate assures the growth of your annuity funds.
Another NCSF plus: You don’t need a large deposit to begin! You can get started with a first year contribution of $300.
Keep in mind that an annuity is an excellent tool for retirement planning. NCSF annuities can also be used for Traditional IRAs and Roth IRAs.
Safety and Security NCSF is a legal reserve life insurance society and is subject to stringent financial reserve requirements. These reserves are invested with your financial security in mind, and in compliance with state insurance department rules. Our portfolio contains no junk bonds. We publish our financial statement annually and it is distributed to our members.
Financial Flexibility An annuity from NCSF provides the financial flexibility needed for effective long-term retirement planning. Current members and new members alike may contribute to an NCSF annuity at any age. Your annuity may be converted to a monthly income you will not outlive.
For even more flexibility, choose from a flexible or single premium deferred annuity. Under the flexible premium option, you choose when and how much to contribute to your annuity certificate. The single premium deferred annuity accommodates an initial deposit and additional deposits during the first certificate year only.
Penalty-Free Withdrawal NCSF offers two annuity plans, a 7(seven) year certificate and a 10(ten) year certificate. From either certificate your funds are available to you at any time and you may withdraw up to 10% of your account in a certificate year without incurring a withdrawal charge*. Additional withdrawals are subject to the following charge:
Certificate Year - 7 yr.
Charge Applied to Excess Amount Withdrawn
1st
8%
2nd
7%
3rd
7%
4th
6%
5th
5%
6th
4%
7th
3%
8th+
0%
Certificate Year - 10 yr.
Charge Applied to Excess Amount Withdrawn
1st
10%
2nd
9%
3rd
8%
4th
7%
5th
6%
6th
5%
7th
4%
8th
3%
9th
2%
10th
1%
Withdrawal charges are waived to pay nursing home expenses or if the annuitant is permanently disabled.
* NCSF allows up to 10% withdrawal penalty free, however, prior to age 59-1/2 the IRS may impose a fee.
Tax Advantages DEFERRED ACCUMULATIONS - Federal and state taxes on interest earnings are deferred until funds are withdrawn or monthly payments begin as provided in IRS Code Sec.72 (E)(1)(B). Tax deferred accumulation is a significant annuity advantage.
FAVORABLE DISTRIBUTIONS - Tax preferred treatment can continue even while receiving regular annuity payments. Regular payments may qualify for an exclusion ratio. Consult your tax advisor regarding income tax treatment of withdrawals.
How to Purchase Please contact your local sales representative for information on acquiring an NCSF annuity. He or she will be able to discuss your current situation and make suggestions regarding the appropriateness of an annuity and/or other NCSF products.
If you do not have a local agent, please call the solutions center at the NCSF Home Office: 1-800-344-6273, ext. 234. They will take your information and contact the appropriate regional sales manager who will either arrange for an NCSF sales agent to meet with you or assist you themselves. We are here to serve you.
This is an outline of the benefits of annuities from National Catholic Society of Foresters, not a contract. Annuity details are set forth in the certificate. Product/features not available in all states.
