An annuity lets you accumulate money for retirement, providing tax-deferred growth during the accumulation years. You can choose from a number of payout options to make the most of your money during your retirement years.
Fixed annuities offer:
- Safety
Your principal is guaranteed against market fluctuations and economic downturn - Growth
Your money enjoys a minimum guaranteed return and will be worth more tomorrow than it is today - Security
Your funds are protected by the full strength of Degree of Honor, which has been financially strong since 1868
Single Premium Annuities
Turn your 401(k), IRA roll-over, or other lump sum into a stream of retirement income
With a minimum deposit of $25,000, a single-premium annuity lets you lock-in a competitive rate for up to five years. This annuity can help you turn assets or inherited lump sums of money into retirement income for your lifetime, regardless of how long you live.
- Competitive interest rates
- Withdraw* up to 10 percent of your funds free after the first year
- No surrender penalties after five years*
- Available up to age 90
Income Annuities
A Guaranteed Income Stream for Life!
Purchasing an income annuity is like buying a monthly pension check. You pay Degree of Honor a lump sum in exchange for a guaranteed income stream. Payments begin immediately, providing steady, reliable income with no market fluctuations to worry about or portfolios to manage.
- Guaranteed monthly income for the rest of your life, no matter how long you live
- Continue monthly income payments to your survivor
- Ask about our annual payment increase option
- Payment options to fit your individual needs
Flexible Premium Deferred Annuities
Start planning now with flexible deposits
You can start a flexible premium for a little as a $300 initial deposit and make additional deposits over time.1
- Ask about our annual payment increase option
- Payment options to fit your individual needs
Flex 2 Annuity |
Flex 6 Annuity |
Flex 10 Annuity |
| Current rates guaranteed for first two years.2 |
Current rates guaranteed for first year.2 |
Current rates guaranteed for first year.2 |
| Access your money after 2 years without penalty. 3 |
Access your money after 6 years without penalty. 3 |
Access your money after 10 years without penalty. 3 |
| Tax Qualification: Qualified (IRA, Roth, SEP) or non-qualified | ||
| Withdraw 10% of funds each year without penalty after the first year.3 | ||
| Guaranteed credited rate can be higher for the first two years. Minimum guaranteed rates set at issue |
Guaranteed credited rate can be higher for the first year. Minimum guaranteed rates set at issue |
Guaranteed credited rate can be higher for the first year. Minimum guaranteed rates set at issue |
| Available up to age 90 | Available up to age 90 | Available up to age 70 |
SECURE Act Becomes Law
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019. This new law does several things that will affect your ability to save money for retirement and influence how you use the funds over time.
What is the CARES Act?
Coronavirus Aid, Relief and Economic Security Act (CARES Act) was passed on Friday, March 27, 2020. The CARES Act provides aid and assistance to individuals and business as the country deals with the coronavirus pandemic.
Call our Insurance Solutions Team at 1-800-965-2547 to learn more about our products and services.