Single Premium Annuities

***NEW***        

RATE CHANGES EFFECTIVE SEPTEMBER 24, 2012

  

  

 3 Year MYGA APY*

Band 1 - 1.00%

Band 2 - 1.25%

 5 Year MYGA APY*

Band 1 - 1.80%

Band 2 - 2.00%

 

SPDA APY*

Band 1 - 1.80%

Band 2 - 2.00%

 

 **See product descriptions for the band requirements**

 
   

 The following Rates & Annuities will be effective September 24, 2012, for MD ONLY

 

3 Year SPDA APY*

           1.25%

5 Year SPDA & FPDA APY*

                   2.00%

                            8 Year SPDA & FPDA APY*

                                               2.50%

 Rate change effective Sept. 24, 2011.

Our tax Deferred annuities can put more in YOUR pocket.

*A current APY (Annual Percentage Yield) means that Western Catholic Union currently pays this APY only for the period the annuity is subject to a withdrawal charge. This APY is not guaranteed and can fluctuate up or down during the withdrawal charge period. If you purchase an annuity from Western Catholic Union it will have a minimum guaranteed interest rate of 1% for all annuities. This means even if the current APY decreases during the withdrawal charge period, the guaranteed interest rate, not the current APY, for your annuity will never drop below the 1% as stated in the certificate during the term of the annuity.

NEW PRODUCTS EFFECTIVE 9/24/12

3 - Year MYGA 

Available in IA, IL, MO, PA, TX, WV, & WI

  • Non-Qualified & Qualified (including Roth)
  • Minimum Premium $10,000
  • Issue Ages 0-85
  • 10% Free withdrawal each year***
  • Surrender Charges: Yr 1-8%, Yr 2-7%, Yr 3-6%, Yr 4-0%
  • Band 1 $10,000-$49,999, Band 2 $50,000 and above**

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5 - Year MYGA

Available in IA, IL, MO, PA, TX, WV, & WI

  • Non-Qualified & Qualified (including Roth)
  • Minimum Premium $10,000
  • Issue Ages 0-85
  • 10% Free withdrawal each year***
  • Surrender Charges: Yr 1-8%, Yr 2-7%, Yr 3-6%, Yr 4-5%, Yr 5-4%, Yr 6-0%
  • Band 1 $10,000-$49,999, Band 2 $50,000 and above**

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SPDA 

Available in IA, IL, MO, PA, TX, WV, & WI 

  • Non-Qualified & Qualified (including Roth)
  • Minimum Premium $10,000
  • Issue Ages 0-85
  • 10% Free withdrawal each year***
  • Surrender Charges: Yr 1-9%, Yr 2-8%, Yr 3-7%, Yr 4-6%, Yr 5-5%, Yr 6-4%, Yr 7-3%, Yr 8-0% 
  • Band 1 $10,000-$49,999, Band 2 $50,000 and above**
  • Nursing Home benefit up to 59%. Only available for issue ages 80 & younger (no fee)
  • Unemployment up to 50%. Only available for attained ages 64 & younger (no fee)
  • Occurrence of a heart attack up to 25% (no fee)
  • Diagnosis of internal cancer up to 25% (no fee)

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8 - Year Surrender Charge Plans

Only available in MD

  • Non-Qualified & Qualified (including Roth)
  • Above plan is not guaranteed. The guaranteed interest rate is 1.00%.
  • May be added to anytime within the first 90 days
  • 8 year declining surrender charge
  • Surrender charges Yr 1-8%, Yr 2-7%, Yr 3-6%, Yr 4-5%, Yr 5-4%, Yr 6-3%, Yr 7-2%, Yr 8-1%, Yr 9-0%
  • 10% free withdrawal each year

This plan may include the following Fraternal Benefits:

  • Medical expense benefit withdrawal allowed (no fee)
  • Terminal illness benefit (no fee)
  • Nursing home benefit (no fee)

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5 - Year Surrender Charge Plans 

Only available in MD

  • Non-Qualified and Qualified (including Roth)
  • Above plan is not guaranteed. The guaranteed interest rate is 1.00%
  • May be added to anytime within the first 90 days
  • 5 year declining surrender charge
  • Surrender charges Yr 1-9%, Yr 2-7%, Yr 3-5%, Yr 4-3%, Yr 5-1%, Yr 6-0%
  • 10% free withdrawal each year

This plan may include the following Fraternal Benefits:

  • Nursing home benefit (no fee)
  • Medical expense benefit withdrawal allowed (no fee)
  • Terminal illness benefit (no fee)
  • Nursing home benefit (no fee)

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3 - Year Surrender Charge Plans

Only available in MD   

  • Non-Qualified and Qualified (including Roth)
  • Surrender charges - Yr 1 - 9%; Yr 2 - 7; Yr 3 - 5% and 0 thereafter
  • 10% free withdrawal each year
  • Minimum guaranteed yield 1%

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All annuity plans offered by Western Catholic Union have the following benefits:

  • No annual administration fees, no sales charge
  • May be annuitized
  • Single Premium Deferred Annuities may be added to within the first 90 days of issue,
  • Supported by high investment quality bonds
  • Yield effective 09/24/12.

* A current APY (Annual Percentage Yield) means that Western Catholic Union currently pays this APY only for the period the annuity is subject to a withdrawal charge. This APY is not guaranteed and can fluctuate up or down during the withdrawal charge period. If you purchase an annuity from Western Catholic Union it will have a minimum guaranteed interest rate of 1% for all annuities. This means even if the current APY decreases during the withdrawal charge period, the guaranteed interest rate, not the current APY, for your annuity will never drop below the 1% as stated in the certificate during the term of the annuity.