National Catholic Society of Foresters (NCSF) offers non-qualified annuities, a safe and flexible way to have your money work for you.
We can assist you in making your retirement goals a reality.
A non-qualified annuity is funded with after-tax dollars. Since that money has already been taxed, the only portion of the policy eligible for taxation is the wealth accumulation on it. This option makes the most sense for a recent retiree who is looking to immediately take income on their policy, or for an individual who has already contributed the maximum dollar amount allowed in a qualified plan.
There is no limit on the amount of non-qualified money that can be placed in an annuity or the number of annuities that can be purchased.
You can purchase a non-qualified annuity regardless of whether or not you are covered under a retirement plan at work or if you have a Traditional IRA or Roth IRA.
No Age Penalty
There is no set age as to when you must withdraw money from a non-qualified annuity. You can keep contributing to the annuity and not withdraw as long as you like.
Upon your death, your spouse may be able to continue the annuity with tax-deferred earnings until withdrawal. However, the annuity remains part of your estate for tax purposes.
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 high-quality investments. We publish our financial statement annually and it is distributed to our members.
With NCSF, you’re buying more than a product to support your family’s future security. You join more than 26,000 members striving to make a difference in their local communities. As a not-for-profit organization, money that would typically be paid to shareholders in a for-profit company is instead given back to the NCSF members, parishes and communities in the form of programs and benefits made possible by insurance sales.
An Annuity may be one of the most important purchases you’ll make. Find out how much you need and how your family will benefit.
National Catholic Society of Foresters
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