Do the Knights of Columbus offer non-qualified annuities? What is the advantage of a non-qualified annuity over a certificate of deposit?
Yes, the Knights of Columbus offers an excellent annuity program backed by the power of the top ratings in the insurance industry. Current tax laws allow the interest on earnings on annuities to accumulate without current taxation. Probate can be avoided when a named beneficiary is used. Tax-deferred annuities with the Knights of Columbus are safe. The principal and 3.5% of the interest are guaranteed. Because we are rated AAA Extremely Strong by Standard and Poors and A++ by the A.M. Best Company, the Knights of Columbus is a safe harbor for your annuity funds. Only 11 companies in the world have both these rankings and your K of C is one. Annuities offer a ten percent withdrawal privilege with no surrender charge upon the anniversary date of your annuity, as long as you have at least $5,000 on deposit. Unlike many Certificate of Deposits (CD’s), you can add money to your Knights of Columbus annuity anytime you want. Annuities are taxed only as your money is withdrawn. CD’s are taxed
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