MEMBERS® Index Annuities
In times of financial uncertainty, you may want to invest your money in a place safe from market downturns, but where you can still participate in a market upswing. A MEMBERS Index Annuity from CMFG Life Insurance Company can provide just that place. Index annuities offer you the advantages of guarantees and index-linked returns, along with the benefits of tax-deferred growth and guaranteed income.(1)
An index annuity is like a traditional fixed annuity, but with a non-traditional way of crediting earnings. You pay a single premium or series of payments, and an insurance company credits interest that’s linked to the performance of a stock index. But, your contract value is designed to increase, even if the stock market doesn’t.
With an index annuity you pay no taxes on your earnings while they accumulate, so your money may 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 Index 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.(2) Keep in mind that index annuities can also be purchased to fund a tax-qualified plan like an IRA.(3)
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..
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