An annuity is a long-term insurance investment product that pays income. It can be incorporated into your financial strategy as a way to accumulate money for retirement or turn a lump sum of money into guaranteed, steady income during retirement (after age 59 ½).
COF offers fixed annuities. Fixed annuities accumulate funds on a tax-deferred basis1, offer a death benefit to loved ones and give options to receive income for life, along with other contract-specific features. Money can be received from an annuity quarterly, annually or in a lump sum payment. All guarantees, including death benefit payments, are dependent on the claims paying ability of Catholic Order of Foresters.
1Tax deferred: you do not pay taxes on your earnings until funds are withdrawn from your policy. Because annuities offer insurance and investment features, annuities may be subject to additional fees.
ADVANTAGE Flex™ 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.
ADVANTAGE Plus™ 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 for you.