What is an Annuity?

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Which Annuity is right for me?

At KSKJ Life, we take the time to educate our members. Annuities may sound mysterious, but our products are simple and straightforward. Annuities offer reliable returns on tax-deferred funds and are great products that can help stretch your savings. Whether you are looking for secure income options, a guaranteed paycheck for life or simply want to leave a legacy, a KSKJ Life Annuity may be just what you need to reach your financial goals.

Deferred vs. Immediate Annuities. What’s the Difference?

Annuities are not one-size-fits-all. Our products have options and flexibility to fit your life needs and goals.

View the Difference

  • Deferred Annuities

    A deferred annuity will delay payments until you choose to receive them, which would typically be once you actually retire. During the savings phase, you’d put money into the account, and during the income phase, the plan would begin relinquishing your payouts, or “lifetime paychecks”.

  • Immediate Annuities

    Immediate annuities are best for those already in or close to retirement because they offer guaranteed income for life or a set period of time. This kind of annuity is designed to start paying income as soon as you start the policy.

Which Annuity is Right for You?

  • 3-Year Choice Annuity

    Deferred Annuity

    This annuity is a 3-year single deposit contract with a guaranteed interest rate for 3 years, after which the current renewal rate will apply.

  • 5-Year Choice Annuity

    Deferred Annuity

    This annuity is a 5-year single deposit contract with a guaranteed interest rate for 5 years, after which the current renewal rate will apply.

  • 5-Year Window Annuity

    Deferred Annuity

    This annuity is a 5-year single deposit contract with a guaranteed interest rate for the first year. After 1 year, you can: 1) Withdraw the funds without surrender fees, 2) open another annuity or 3) continue with the assigned interest rate.

  • Flex One Annuity

    Deferred Annuity

    This annuity is a 7-year flexible or single deposit contract with a bonus interest rate guaranteed for one (1) year, after which the current renewal rate will apply.

  • Flex Two Annuity

    Deferred Annuity

    This annuity is a 7-year flexible or single deposit contract with a bonus interest rate guaranteed for two (2) years, after which the current renewal rate will apply.

  • Single Premium Bonus One Annuity

    Deferred Annuity

    This annuity is a 7-year single deposit contract with a bonus interest rate guaranteed for one (1) year, after which the current renewal rate will apply.

  • Single Premium Bonus Two Annuity

    Deferred Annuity

    This annuity is a 7-year single deposit contract with a bonus interest rate guaranteed for two (2) years, after which the current renewal rate will apply.

  • KSKJ Life SPIA

    Immediate Annuity

    A KSKJ Life SPIA provides the ease and simplicity of a one-time premium payment along with two different payout options to meet your needs.

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