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Roth IRA

Church Life Roth Individual Retirement Annuities (IRAs) offer you the opportunity to save for your retirement and supplement your pension and other savings, while providing some flexibility that Traditional IRAs do not.

With Roth IRAs:

  • Your contributions are not tax deductible, but your contributions and earnings grow tax-free.
  • Since you already paid taxes on the amount you contributed, qualified withdrawals are not subject to taxes (certain restrictions apply).
  • Qualified withdrawals can be made tax-free as early as age 59 ½, provided your IRA account has been open for at least five years.1
  • You can leave your balance in your Roth IRA for as long as you like. There are no required minimum distributions.

With a Roth IRA from Church Life, you will earn:

  • A guaranteed minimum rate of return of 1.0%
  • A bonus of 1.5% on all contributions made within the first year of your contract 2

Watch Your Savings Grow!


If you open an account with $5,000 and add $5,000 each year, the account will grow to $136,500 at the end of 20 years - that's $36,500 growth3 on your contribution of $100,000. A one-time deposit of $5,000 will grow to $9,000 in 20 years.

You can contribute up to $5,500 in 2018 ($6,500 if you are 50 or older) to a Roth IRA. (The limits are unchanged from 2017)  You can start saving today with a minimum contribution of just $500. Deductible contributions are subject to income limits. For details, visit the IRS website to learn about 2018 IRA Contribution and Deduction Limits.

For more information:

  • Call our licensed life and retirement specialist to talk about retirement products offered by the Church Pension Group
  • Consult your tax or other financial advisor about annuities and their best fit with your situation, or
  • Click below for answer to common questions.

Funding Options

We offer two ways to fund your IRA:

  • Single Premium Annuity – You make contributions within the first 60 days of your contract date using a single lump sum contribution or multiple contributions to the annuity. The current interest rate earned on contributions is 2.25%
  • Flexible Premium Annuity – Lets you contribute at your own pace with multiple contributions over time. The current interest rate earned on contributions is 2.0%

With a Church Life IRA you’re guaranteed never to earn less than 1.0% annually no matter what the stock market does. You’ll also enjoy a bonus rate of an additional 1.5% on all first year contributions.2

Retirement Income Options

When you are ready to start receiving income in retirement, Church Life offers ways to receive your annuity savings.

  • Lifetime Income guarantees you will be paid a sum every month for the rest of your life with the option to include your spouse or beneficiary who can receive payments as well. This option is a good choice if you’re concerned with providing for yourself, your spouse, or a beneficiary.
  • Income for a Specified Period or Payment Amount allows you to specify a specific period of time for which you would like to receive income or a specific amount of money you would like to receive each month. Your payment amount or time period will be based on your account balance.

1Any previous Roth IRAs are counted when determining whether the five-year rule has been satisfied.
2Guarantees are based on the claims-paying ability of Church Life Insurance Corporation. The Church Pension Fund does not guarantee the interest or principle. The current interest rate is not guaranteed. The bonus may not be available in all states.
3Example assumes 3% interest throughout the investment period. Actual interest rate paid is subject to change.


Annuities are offered by Church Life.

Annuities and IRAs Disclaimer

Unless otherwise noted, websites referenced herein that are outside the www.cpg.org domain are not associated with The Church Pension Fund and its affiliates (collectively, the Church Pension Group) and the Church Pension Group is not responsible for the content of any such websites.

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