MEMBERS® Variable Annuities
A variable annuity is a powerful investment option that can provide income guarantees, protection benefits, tax advantages, and investment choices. Many people are looking for a financial product that can help protect their retirement income from market downturns, but give them the potential for market growth. A MEMBERS Variable Annuity provides all that and more.(1)
A variable annuity is different from a fixed annuity or an index annuity because it gives you the ability to personalize your investment strategy. You pay a single premium or series of payments, and receive gains based on market performance.(2) And as part of your contract with an insurance company, you can also receive income guarantees and death benefits.
With a variable annuity you pay no taxes on your earnings while they accumulate, so your money can grow faster until it’s time to start income. If you've already taken maximum advantage of other tax-favored investments like an employer 401(k) plan, you may want to consider a MEMBERS Variable Annuity. Because they are tax-favored, though, annuities are subject to a 10% tax penalty for withdrawals before age 59½, and income taxes are due on your gains at the time you take out money.(3) Keep in mind that variable annuities can also be purchased to fund a tax-qualified plan like an IRA(4)
At retirement, you decide how and when to receive income. You can choose guaranteed lifetime income, income for just a specified period or a lump sum.
Available MEMBERS Variable Annuities.
Variable annuities from MEMBERS are designed to fit in two categories: the MEMBERS Horizon and Horizon II Variable Annuities from MEMBERS Life Insurance Company provides growth potential with risk control. The MEMBERS Variable Annuity Series, issued by Transamerica Life Insurance Company, is designed for investment growth with income protection.