|
Annuities Approved in All States
CHICAGO, IL - JULY 9, 2001
- Wallace M. Ozog, President of the Polish Roman Catholic Union of America
received a phone call from the PRCUA’s actuary, Joseph Steimla, informing
him that the Polish Roman Catholic Union of America’s Annuity benefit
certificate was approved by the 24th state when New Jersey approved this
program on June 28. Therefore, the PRCUA Annuity program is approved in all
the states in which the PRCUA is licensed. It has been a long process of
applying to the various states for approval, after the Board of Directors
authorized this new program in June of 2000. Through the Annuity program,
people who want to join the Polish Roman Catholic Union of America can now
become members even though they are not insurable.
The Annuity is a
retirement investment product that offers members a form of financial
security. Unlike traditional life insurance that pays your beneficiary
when you die, or a traditional bank savings account that can become
depleted, the PRCUA Annuity will provide a guaranteed future income in
your retirement years for as long as you live! PRCUA Annuities are
“Nonqualified” and “Qualified”. Members interested in obtaining more
information should contact our offices or their
agent.
In the State of New York,
thus far the PRCUA is only approved to issue the traditional IRA. At the
present time, we are not issuing Roth IRA, Keogh, and SEP in the state of
New York. We do, however, expect to receive New York’s approval for these
other programs in the near future.
The PRCUA life insurance
programs are still the best benefit certificates that our organization
issues. Everyone's final needs ought to be covered by a life insurance
certificate before a financial plan and goal for retirement is designed. Life
insurance proceeds are used to leave on to others as a tax free benefit
for the beneficiaries. Annuities serve as a tax deferred accumulation of
income for the member to use for their retirement needs and for them to
live on. Please click here for an
Annuity application and more information about how this benefit program
can help you reach your retirement goals. Annuities offered include
flexible premium annuities, as well as traditional or Roth IRA accounts.
They offer members a guaranteed retirement income for as long as you live,
high interest rates, and the rates are guaranteed for 1 year with a
minimum $300.00 initial payment. You retain total control over the
frequency of additional payments in $25 increments. Death benefit are paid
to beneficiaries without surrender charges or federal penalties and there
are no medical questions to answer.
|
