Bringing Catholic Values to Life

Single Premium Deferred Annuity

Have you recently received a lump sum and are wondering where to invest it? Catholic Order of Foresters offers an ADVANTAGE Plus™ annuity as a solution. This annuity allows for a single premium and offers the highest rate of all our annuity products. If you don't need to make additional future contributions, the ADVANTAGE Plus annuity may be a great fit.

Fact Sheet

Issued by

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

Product

Advantage Plus Single Premium Deferred Annuity offered on either a qualified1 or non-qualified tax basis

Issue Ages

0 - 85 Age last birthday 

Minimum Initial Contribution

$5,000

Maximum Contribution

$300,000 without prior approval

Additional Contributions

Not permitted

Interest Crediting

Initial interest rate determined by contribution amount when received. Initial interest rate guaranteed for one year.

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

None

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

Surrender Charge %

8%

8%

7% 

6%

5%

4%

3%

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.


This site makes no warranty or representation regarding the accuracy or completeness of the information provided in this site.

SPDA 2011  A SP10010

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