MEMBERS® Income Annuities

If you are nearing retirement or already retired, you have important decisions to make. Key among those is how you will replace your regular paycheck with a “retirement paycheck.” A MEMBERS Income Annuity through CMFG Life Insurance Company gives you a wide range of options for retirement income, including income that’s guaranteed to last a lifetime.

The key is guaranteed income.
An income annuity allows you to guarantee retirement income. You pay a single premium and an insurance company converts that lump sum into a steady stream of payments. You decide on the length of time to receive payments and the strength of your guarantee.

Defer taxes for the future.
Income annuities can be purchased as a non-qualified contract with after-tax dollars, or can fund a tax-qualified plan like an IRA.1 A non-qualified income annuity provides tax advantages, because each payment is considered part principal and part interest. So, you benefit from deferring taxes on your earnings over time. And if you already have a tax-favored investment, like an employer 401(k) plan, you may want to consider an IRA rollover of your 401(k) into a MEMBERS Income Annuity. This choice avoids taxes and penalties on the rollover to the IRA, and the income annuity may offer access to more retirement income options.

Choose the option that is right for you.2
At retirement, you decide how and when to receive income. You can select guaranteed income for a set period of time, or lifetime income for one or two people. You can also choose between lifetime income that remains steady, or inflation-protected income that helps you keep pace with rising costs.

Immediate Annuity

Available income annuities. Retirement income options.
Learn more about features and benefits of MEMBERS Income Annuities.  

MEMBERS Single Premium Immediate Annuity Brochure 

MEMBERS Future Income Annuity Brochure 

Choose the future annuity income option that best fits your needs.

MEMBERS Retirement Income Step-by-Step Guide
1Not all plan types may be available in all states.
2Payment options may not be available in all states or with all plan types. 

Index and Zone Annuities not available in OR.

Insurance products are issued by CMFG Life Insurance Company (CMFG Life). All guarantees are based on the claims-paying ability of CMFG Life. This is a brief description of an annuity contract and is not intended to provide tax advice. Withdrawals may be subject to surrender charges during the early years of the contract. Withdrawals before age 59½ may be subject to a 10% federal tax penalty. MEMBERS Insurance & Investments is the marketing name for the products offered through CMFG Life and other leading carriers. Investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution.

Base policy Forms 2008-SPIA-I, 2008-SPIA-LO, 2008-SPIA-DB, ICC13-DIA, ICC13-DIA(B), 2013-DIA

MFA, SPIA-874643                                                                                                                                                                                                                1-0314-0416