PRCUALife offers a variety of annuity products designed to help members build financial security with confidence. Our low-risk annuities are an important part of a well-rounded retirement strategy, providing a safe and dependable way to grow savings while helping protect your family’s financial future. With competitive interest rates and flexible product options, our annuities are designed to meet the needs of today’s savers. Best of all, PRCUALife annuities have no annual maintenance fees or service charges, allowing more of your money to remain invested and continue earning interest.

Contact us to learn more by sales@prcua.org or call (800) 772-8632 ext. 2755

An annuity is a safe, long-term financial product designed to help you accumulate savings for retirement while providing financial security for the future. You make a single deposit or a series of contributions, and your money earns interest on a tax-deferred basis. When you’re ready, you can receive your funds as a lump sum or as a stream of income to help support your retirement.

An annuity can help protect your savings, provide guaranteed interest, and create a reliable source of income. It offers a conservative way to grow your money while helping you achieve your long-term financial goals.

Your principal earns a guaranteed rate of interest during the guaranteed interest period, and your earnings grow on a tax-deferred basis until they are withdrawn.

Yes, PRCUALife annuities are backed by the financial strength of the organization and supported by legally mandated reserves that are regulated and monitored by the appropriate state Departments of Insurance.

Yes.  PRCUALife allows a 10% annual free withdrawal of your account value each calendar year without a surrender charge, provided you have attained the age of 59½. Withdrawals may be subject to applicable federal income taxes. If the annuity owner is under the age of 59½, withdrawals may also be subject to an additional IRS premature distribution penalty. Please consult a tax professional regarding your individual situation.

The beneficiary is the person, people, trust, or organization you designate to receive the remaining value of your annuity upon your death. You may name one or more primary beneficiaries and contingent beneficiaries, and you can update your beneficiary designation at any time while you are living, subject to the terms of your contract.

If you die before receiving all your annuity benefits, the remaining value of your annuity will generally be paid to your designated beneficiary in accordance with the terms of your annuity contract.

Because beneficiary elections and tax treatment can vary, it is important to keep your beneficiary information up to date and consult a qualified tax or financial professional if you have questions about your options.

A surrender charge is a fee that may apply if you withdraw more than the amount permitted under your annuity contract or surrender your annuity before the end of the applicable surrender period. Surrender charges help insurance companies manage the long-term nature of annuity investments.

A Market Value Adjustment (MVA) is a feature included with certain fixed annuities that may increase or decrease the amount you receive if you withdraw more than the free withdrawal amount or surrender your annuity before the end of its guaranteed interest rate period.

The MVA reflects changes in interest rates since you purchased your annuity:

• • If interest rates have increased, the MVA may reduce the amount you receive.
  • If interest rates have decreased, the MVA may increase the amount you receive.

If you keep your annuity until the end of its guaranteed interest rate period, the MVA generally does not apply.

The MVA only applies to PRCUALife’s Single Premium Deferred Annuities (SPDAs).

No. PRCUALife annuities have no annual maintenance fees or service charges, allowing more of your money to remain invested and continue earning interest.

Contact a PRCUALife representative or licensed agent to discuss your financial goals and determine which annuity product best meets your needs.

Availability Notice: PRCUALife is duly licensed in the United States of America in the states of Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Texas, Vermont, West Virginia, and Wisconsin. PRCUALife products not available in all states. Annuity purchase is subject to PRCUA underwriting approval.