LPSCU Flexible Annuity
A long-term investment wherein the interest earned accumulates and is compounded. Annuities are used to supplement retirement income whereby, at some point, you stop paying into the annuity and start withdrawing from it. The LPSCU Flexible Annuity is a flexible premium, deferred annuity that accepts ongoing deposits of as little as $100 per month. Our competitive interest rate is reviewed quarterly by the Board of Directors; however, your rate will never go below the guaranteed minimum rate established by the annuity contract. The LPSCU offers a guaranteed six-year penalty (6%, 5%, 4%, 3%, 2%, 1%). Upon maturity, LPSCU offers a number of distribution options, giving our members the convenience of selecting the one best suited to their needs and circumstances.
✧ The LPSCU Flexible Annuity is a flexible-premium, deferred annuity that accepts ongoing deposits of as little as $100 per month.
✧ An annuity is a long-term investment where the interest earned is accumulated and compounded.
✧ Annuities are used to supplement retirement income; whereby at some point you stop paying into the annuity and start taking out.
✧ Upon maturity, LPSCU offers a number of distribution options, giving our members the convenience of selecting the one that is best suited for them.
✧ LPSCU’s competitive interest rate is reviewed quarterly by the Board of Directors; however your rate will never go below the guaranteed minimum rate established by the annuity contract.
✧ You can become a member of the LPSCU by purchasing an annuity and you can own an annuity regardless of your health status.
✧ Deposits can be made at your convenience!
✧ Minimum Deposit is $100.00!
✧ After the sixth year, there is no LPSCU penalty on annuity withdrawals!
✧ If the annuitant dies prior to settlement, funds on deposit are payable directly to the named beneficiary(ies)!
✧ Settlement Options:
✦ Payment of a specified amount!
✦ Payments for a specified period!
✦ Life Annuity!
✧ Payment options can be monthly, quarterly, semi-annually or annually depending upon your needs!
✧ Prior to settlement, annuitant may withdraw the Cash Surrender Value at any time; however the minimum withdrawal amount is $250.00.
NOTE: Withdrawals taken prior to age 59 1/2 may be subject to a 10% Early Withdrawal Penalty by the Internal Revenue Service.
The Society reserves the right to require a medical examination on any applicant. Death benefit payable in full upon issuance of the certificate to the member while in good health, and upon full payment of first premium. Application must be completed, properly signed by the applicant and a licensed representative. The Ladies Pennsylvania Slovak Catholic Union is a Fraternal Benefit Society incorporated under the laws of the Commonwealth of Pennsylvania. It was organized in 1898 in Hazleton, PA. Home Office is located in Wilkes-Barre, PA. The Society is licensed in the following States: Pennsylvania, Ohio, Indiana, Illinois, Michigan, New Jersey, Connecticut and Massachusetts
