At The
Florida Annuity Store, we guarantee...."Every
morning when you wake up, you're worth more than you were the night
before."
THE
BIG ONE
An
Individual Deferred
No Load Annuity
With "No Age Limitations"
Contribution
The Florida Annuity Store Big One's minimum initial
premium deposit is $5,000. Subsequent premium deposits may be made in
any amount at any time. One hundred percent (100%) of your contribution
will be credited to your certificate. Premium deposit reminders will
be sent to you upon request.
Accumulation
The Florida Annuity Store Big One provides maximum
safety competitive with today's accumulation rates.
Liquidity
You may withdraw up to 10% of the accumulated value of your Florida
Annuity Store Big One once each certificate year without a
surrender charge. Withdrawals are subject to federal taxes and possible
penalty. Consult your tax professional, Tom Seamon.
Options
Generous income options to fit your circumstances include:
- Interest Income.
- Income for a
Fixed Period
- Life Income.
- Income of a
Fixed Amount.
- Joint and Survivor
Life Income.
- The Florida
Annuity Store Check-A-Month.
- Joint and Single
Life Expectancy (minimum distribution).
- Cash.
Death and
Probate
Upon death, the full, then current value of your Florida Annuity
Store Big One will be paid to your beneficiary(ies), avoiding
the costs, delays and publicity of probate. After retirement,
the death benefit will depend upon the form of retirement annuity you
choose.
Surrender
Charge
If you surrender your Florida Annuity Store Big One
during the first nine certificate years, your accumulated value will
be subject to a surrender charge. The nine-year surrender charge sequence
is as follows: 9, 8, 7, 6, 5, 4, 3, 2, 1, and 0% thereafter.
There is no
surrender charge when your Florida Annuity Store Big
One is settled by reason of death or a settlement is made no less than
three (3) years after the certificate's effective date using either
Option 3 (Life Income) or Option 5 (Joint and Survivor Life Income).
If you currently
have n Florida Annuity Store Single Premium Deferred
Annuity (The Gleaner Protected Accumulation Plan), or a Florida
Annuity Store Flexible Premium Deferred Annuity ( The
Florida Annuity Store Tax Deferral Plan), you may transfer
your funds to a Florida Annuity Store Big One, subject
to the nine-year surrender charge sequence, and the $5,000 minimum initial
premium deposit requirement.
Safety
Your funds are protected by the total resources of Gleaner Life
Insurance Society.
The Society purchases
only "A" rated or better bonds and highly secured real estate
mortgages. Gleaner does not purchase "Junk"
bonds, commercial real estate or stocks.
Standard Analytical
Service, analysts of the insurance industry since 1932, reports that
Gleaner solvency ratio is higher than the average of
the 25 largest companies. Your money is safe with Gleaner and
The Florida Annuity Store.
The Advantages of The Florida Annuity Store Big One
- No age limitations.
- Taxes are deferred
during the accumulation period.
- At retirement
- when you cash it in or withdraw under an Income Option - you
receive favorable tax treatment.
- Wide selection
of flexible options to fit your financial needs at retirement. IRS
annuity exclusion ratio could reduce your tax bill.
- Maximum safety
of your funds at all times - your principal is guaranteed,
subject to surrender charges if applicable.
- One
hundred percent (100%) of your principal goes into your accumulation
fund.
- Certificate
holders receive all Gleaner member benefits,
including the Loyalty Bonus, Hospital Waiver and Nursing Home Waiver.
...No
Sales Charges
...No Service Charges
...No Yearly Maintenance Fees
