Looking For Safe Harbor
LOOKING FOR A
A TAX DEFERRED ANNUITY FROM THE KNIGHTS OF
WILL GIVE YOU...
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v ELIGIBILITY. Available to members and their spouses up to age 83.
v A GUARANTEED RETURN ON YOUR INVESTMENT. We are now paying 3.25% on $10,000 or more, or 3.0% on deposits of $300-$10,000. (This rate is guaranteed to June 30, 2011 on deposits made from July l, 2010 through September 30, 2010). (We guarantee 3% at all times!)
v STRENGTH AND SECURITY. We have the highest possible ratings from A.M. Best (A++,
v NO TAX ON GAIN until it is withdrawn and NO ADMINISTRATIVE FEES.
v FLEXIBILITY. You may deposit as much as you want for as long as you want, or simply make a lump sum deposit and let it grow for you.
v CHOICE. You may take an annual withdrawal of up to ten percent (10%) of your accumulated value once per year or you may take a guaranteed monthly income for life without any charges or fees.
v I.R.A. An annuity may be set up as an I.R.A., S.E.P. or Roth I.R.A. and the Knights of Columbus can accept direct rollovers and transfers from other institutions as well.
v SPECIAL SURVIVOR OPTIONS. Upon the death of the annuitant, the surviving spouse can elect to:
A. Receive the lump sum distribution if needed immediately;
B. Take a monthly income guaranteed for life;
C. Continue the Knights of Columbus annuity for as long as you like with
the same privileges as before.
v SURRENDER CHARGES. Early withdrawal incurs a small surrender charge of 5, 5, 4, 4, 3, 3, and 2 percent of amount withdrawn over 7 years. You are always allowed 10% withdrawal per year without any penalty.