Reserved Fund Annuity

Available from United American Insurance Company to their policy holders of a Medicare Supplemental Plan (Medigap). This flexible premium deferred annuity helps you build up funds to use for your out-of-pocket expenses.

This no-load annuity does not have upfront sales charges or commissions typically associated with traditional annuities. There are no fees or penalty charges for withdrawals. There is no state annuity premium taxes in Florida. You keep the full amount of your deposit!

Guaranteed Interest Rate will never be less than 3%!

Tax-Deferred Growth – Earnings grow tax-deferred, meaning you don’t pay taxes on gains until you withdraw funds.

Taxation on Withdrawals – When you take withdrawals, only the earnings (interest or investment gains) are taxed as ordinary income, while the principal (original investment) is not taxed.

No Required Minimum Distributions (RMDs) at a specified age.

Funding your annuity can be by lump sum or monthly deposits.

Issue ages 65 to 90 in Florida.

Statements issued quarterly.  An IRS 1099 form will be issued annually.