A Traditional Individual Retirement Annuity is a personal retirement plan. Like all such plans, a Traditional IRA is designed to help you accumulate money for retirement. It can help you save for retirement in several ways. For example:
- If you qualify, you can deduct your Traditional IRA contributions for federal income tax purposes.
- Interest earnings on a Traditional IRA are tax-deferred until you take them out.
Retirement can be the greatest years of your life. Start preparing now by saving with a Traditional Individual Retirement Annuity from ERIE Family Life. It’s a great idea!
What makes an Erie Family Life IRA so Attractive?
- Flexibility of Premium Payments – You can establish a Traditional Individual Retirement Annuity with a one-time premium payment, or a Flexible Premium Retirement Annuity designed to accept periodic contributions.
- Flexibility of Settlement Options – You can select from a variety of settlement options that can be tailored to your situation. You can even select an income option that provides you an income you cannot outlive.
- Optional Waiver of Premium Benefit – This benefit provides for the continuation of premium payments should you become permanently disabled as provided for in the contract.
- No “Front-End” Loads or Expense Charges – The only charge applicable to an ERIE Family Life Annuity is a graded surrender charge imposed on partial or complete surrender made within the first five years of the contract.
- Proceeds Not Subject to Probate – Proceeds paid to a named person as a result of the annuitant’s death are not subject to probate.
The Bill Flinn Insurance Agency can provide the necessary information and procedures to start an ERIE Family Life Traditional IRA or purchase an Annuity or Life Insurance today.
