Trinity Max III Annuity
The Advantages of Trinity Max III Annuity…
SMALL PREMIUMS
You can start your Trinity Max III with as little as $5,000 single premium deposit. This modest minimum premium payment provides individuals with an opportunity to begin enjoying the benefits of fixed annuities, without a large up-front commitment of resources.
COMPETITIVE INTEREST RATE
Trinity Life Insurance Company has a proud history of paying competitive interest rates. The interest rate you receive at issue is guaranteed for the first three years of your annuity. After that, you will benefit from competitive renewal rates based on the current interest rate environment and current market conditions. The Company will declare a new interest rate which is guaranteed for that contract year. In addition, the interest rate is guaranteed to never go below the contractual minimum guaranteed rate!
NO MARKET RISK
Your Trinity Max III can provide you with peace of mind, knowing that fluctuations in the stock or bond markets cannot cause you to lose principal. This safety of principal is one feature that makes fixed annuities a valuable addition to many retirement plans.
TAX DEFERRED GROWTH
Premium payments to your Trinity Max III grow tax deferred during the accumulation period, allowing you to earn interest on funds that you would otherwise have paid as taxes. For annuities, lump sum withdrawals or periodic free withdrawals may be subject to federal income taxes equal to the amount of interest withdrawn and may be subject to an additional tax penalty if the owner is under age 591/2.
THE FACTS
$10,000 Premium
Taxable Growth (28% Tax Bracket) – 5%
Tax Deferred Growth – 5%
If the entire annuity balance was withdrawn at the end of 10, 20 or 30 years the chart above shows the advantage a tax deferred account can provide compared to a taxable account assuming 5% interest rate and 28% tax bracket.
PAYOUT OPTIONS
You may elect to receive your annuity value in a lump sum or from one of the many settlement options contained in your contract. Options include life annuity, life annuity with a period certain, payments for a designated period or payments of a specified amount. Trinity Max III allows you to choose which option best suits your needs.
EXTENDED CARE BENEFIT
Your Trinity Max III provides that if, per doctor’s orders, you are confined to a hospital or qualifying extended care facility for a period of 30 days or longer you, the owner, may have access to funds in your annuity without incurring any early withdrawal charge. This benefit is offered to individuals up to age 75 at issue, and may allow you to withdraw the lesser of $10,000 or 25% of the annuity value.
SMALL EARLY WITHDRAWAL FEES
Because fixed annuities are designed for retirement planning, early withdrawals may incur surrender penalties. The Trinity Max III has a short surrender fee period (most annuities carry 7-9 year periods), and assesses the following surrender fees:
Annuities are insurance contracts and are not guaranteed by any bank, nor insured by the FDIC.
Early withdrawals are subject to withdrawal fees and, if made prior to age 591/2, the taxable amount may be subject to a 10% federal income tax penalty.
Penalty-free access during grace periods only.
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