Questions?
Call (866) 802-6333 Monday-Friday, 8:30 a.m. to 4:45 p.m. (Eastern)
Email us
Download brochure 
for details on funding and payout options, taxes, withdrawals, and more.
Church Life IRAs are fixed deferred annuities that can help you save for retirement and defer taxes while your savings accumulate. When you are ready, you can receive a steady income stream for life or choose other payment options.
If you have earned income and are under age
70 1/2, you may save for retirement with a
Church Life Traditional IRA or Roth IRA annuity. You may contribute up to $4,000 to an IRA in 2007 ($5,000 in 2008) or 100% of your compensation, whichever is less. If you are 50 or older, you may contribute an additional
$1,000 a year. You may contribute to your 2007 IRA as late as April 15, 2008.
Fixed annuities pay a stated interest rate and guarantee the return of your principal with interest. You have no investment decisions to make. Current interest rates are 4.00% on Church Life's fixed deferred annuities, with a guaranteed minimum interest rate of 3.00%.
Traditional IRA
Save before taxes
Contributions may be tax deductible, depending on your income and eligibility.
Pay taxes later
You don't pay taxes on earnings until you receive annuity payments in retirement, when your tax rate may be lower. Tax-deferred growth builds your nest egg faster.
Withdrawals are mandatory at 70 1/2
You are required to begin taking a minimum distribution each year after age 70 1/2.
Roth IRA
Save after taxes
Contributions are not tax-deductible, but your assets grow tax-free. Eligibility is based on your income and earnings.
Receive tax-free income later
You don't pay tax on withdrawals if your account has been open for 5 years and you are at least age 59 1/2.
No mandatory withdrawals
You are not required to withdrawals at any time. Your balance can remain in the account for your lifetime, if you wish.
Penalties for early withdrawal
With all deferred annuities, you may pay penalties for withdrawing funds before age 59 1/2 or in the early years of your contract.
What's best for you?
We are happy to discuss the details of Church Life annuity products with you. If you have questions about the type of annuity that is best for you, please consult a tax or other financial advisor.
Retirement Savings Disclaimer
Life Insurance and Other Insurance Disclaimer