Guaranteed savings tools for income needs later in life

What are annuities?

An annuity is a contract between you and Catholic United Financial. You commit to paying premium payments to your annuity. We commit to provide you a guaranteed minimum interest rate for the life of the contract and a guaranteed source of future income with certain tax advantages (generally at retirement). Growth is guaranteed and your principle is protected from loss. Different types of annuities are available to best fit your situation. Your local Member Advisor can help you select the right annuities for you.

How do I buy an annuity?

Purchasing an annuity involves an application that asks about the funding sources you will use to make your premium payments. Once accepted, we issue a contract that explains your rights as the owner, how the annuity will provide income once it has matured, and what a beneficiary can expect if you should pass away before the balance is paid out.

Benefits of owning annuities

  • Protection from stock market risk
  • Guaranteed income stream for retirement
  • Guaranteed rate of return
  • Competitive interest rate
  • Protection of your principle
  • No upfront service charges or annual fees
  • No surrender charges after surrender period ends

What types of annuities are available?

Single Premium Annuities
  • Guaranteed 3.25% APY for the first year of the contract on new accounts*
  • Lifetime guaranteed minimum rate of 1.0% APY
  • Offers tax-deferred growth on deposits of $5,000 or more
  • Perfect for 401(k) or IRA rollovers
  • No stock market risk
  • No account service fees
Flexible Premium Annuities
  • Guaranteed 3.00% APY for the life of the contract
  • Contributions made with after-tax income producing tax-free growth
  • Attainable minimum deposit of $1,200, or $100 per month for the first year
  • After the first year, you choose contribution amounts and payment schedule
  • Reasonable surrender charge period
  • No account or service fees ever
Immediate Annuities
  • Purchased by a single premium payment
  • Contract starts making monthly direct deposits to you immediately
  • Payments are guaranteed over the lifetime of one or two people (joint and survivor)
  • Guaranteed period of 5, 10, 15, or 20 years (period certain)
WealthChoice Fixed Indexed Annuities
  • Competitive growth options with protection from market downturns
  • RMD-friendly
  • Five allocation options
  • Free partial withdrawals
  • Three schedule options available
  • Minimum deposit $20,000, plus additional premiums allowed during the first year
IRAs and Specialized Retirement Plans

Catholic United also offers:

23SPA-1. Catholic United’s IRAs are Individual Retirement Annuities.
*Single Premium Annuity: APY is Annual Payment Yield, subject to change on an annual basis after first year, see contract for guaranteed minimum rate. Minimum deposit of $5,000 required. Maximum issue age is 85. Federal and state penalties may apply on early withdrawals. Withdrawals prior to age 59 1/2 will be subject to government penalties. On a Single Premium annuity, there is a 5-year surrender period.

Flexible Premium Annuity: Annual Percentage Yield subject to change after first year. Federal and state penalties may apply on early withdrawals. On a flexible premium annuity, there is a 5-year surrender period (8%, 7%, 6%, 5%, 4%). $100 Minimum contribution with $1,200 minimum first-year deposit.