Tax Deferred Annuities
Are you looking to enhance your retirement portfolio? KJZT offers Tax Deferred Annuities. While our annuities offer highly competitive returns, your investment also helps fund the programs and services that make KJZT so beneficial to our societies throughout the State of Texas.
Single Premium Deferred Annuity (SPDA)
Minimum Deposit $10,000
Designed as a single lump sum payment; however, additional deposits can be made within the first 90 days
7 year surrender charge period
10% free withdrawal after the first year for members 59 ½ or older
Flexible Premium Deferred Annuity (FPDA)
Minimum Deposit $2,000
Allows for periodic deposits to be made at any time
8 year surrender charge period
10% free withdrawal after the first year for members 59 ½ or older
5 Year Single Premium Deferred Annuity
Interest rate is guaranteed for 5 years
Minimum Deposit $10,000
Designed as a single lump sum payment; however, additional deposits can be made within the first 90 days
10% free withdrawal after the first year for members 59 ½ or older
After the first contract year, the Flexible Premium Deferred Annuity (FPDA) and the regular Single Premium Deferred Annuity (SPDA) will waive surrender charges on partial withdrawals for the following occurrences up to the percentage shown.
Confinement to a nursing home – up to 50% of the accumulation value may be withdrawn
Total disability – up to 50% of the accumulation value may be withdrawn
Heart attack – up to 25% of the accumulation may be withdrawn
Internal cancer – up to 25% of the accumulation may be withdrawn
Distributions on any annuity before age 59 ½ may be subject to ordinary income tax and a 10% IRS penalty tax.
Looking for more?
Would you like more information on KJZT Tax Deferred Annuities? Fill out the form below.
Consider talking with a KJZT Family Life insurance professional about your options, so you can make a decision that best meets your needs.