Bringing Catholic Values to Life

Flexible Premium Deferred Annuity

Are you looking for an investment vehicle in which you can make regular contributions on a periodic or non-periodic basis, earn a competitive rate and have the future option to receive a guaranteed regular income? Our ADVANTAGE Flex™ annuity may be the answer.

Fact Sheet

Issued by

Catholic Order of Foresters is a 501(c)(8) fraternal benefit life insurance company

Product

Advantage Flex Flexible Premium Deferred Annuity offered on either a qualified1 or non-qualified tax basis

Issue Ages

20 - 85 Age last birthday 

Minimum Initial Contribution

$2,000 or monthly $150 bank draft

Maximum Contribution

$300,000 without prior approval

Additional Contributions

- Minimum: $25

- Maximum: Determined at COF's discretion

Interest Crediting - Initial interest rate determined by contribution amount when received.

- At end of initial interest rate guarantee period, annuity will receive current credited rate that will never be less than the minimum interest rate stated in your policy.

Administrative Fee $30 Administrative charge, if Accumulated Value is less than $5,000, beginning with third contract anniversary and each anniversary that follows.
Accumulated Values Based on contribution received, less withdrawals and surrender charges, together with accumulated interest.
Surrender Values Equals Accumulated Value less surrender charge.
Surrender Charges
Policy Year

1

9+

Surrender Charge %

8%

7%

6% 

6%

5%

4%

3%

2%

0%

Surrender Charge Waiver Provisions

Surrender charge waived on partial withdrawals occurring in policy year two and later2 when member incurs one of the following:

- Nursing home confinement (up to 50%) after 90 days, only through issue age 80
- Heart attack occurrence (up to 25%)
- Internal cancer diagnosis (up to 25%)

Withdrawals3 After the first anniversary, the owner may withdraw up to 10% of the Accumulated Value as of the immediately preceding contract anniversary without a surrender charge in any one contract year.
Death Benefit Accumulated Value at date of death

Please contact your local agent for more product information and details.

1Tax-qualified retirement plans (Traditional IRAs, TSAs, SEPs, and SIMPLE IRAs) already provide tax deferral under the Internal Revenue Code, so the tax deferral of an annuity does not provide any additional benefit.
2Limited to a single episode of any of the above events
3Withdrawals may be subject to regular income tax and, if made prior to age 59½, could be subject to a 10% IRS penalty. Surrender charges may also apply.


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