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Advantage 30 Annuity

Whether you begin saving early during your working career or after you are already retired, BetterLife’s Advantage 30 Annuity is designed to provide you with the flexibility you need to save money for the future.

The Advantage 30 Annuity is a flexible payment deferred annuity. It is purchased by making payments in the amount and frequency of your choosing. Because you are deferring annuity payouts to a later date, you are also deferring tax payments on any interest your annuity earns. Interest will not be taxed until the time funds are withdrawn.

Our Advantage 30 Annuity offers:

  • Flexible payments: You have the freedom to purchase your annuity by making payments in the amount you’d like and on a schedule that works for you, with a minimum initial deposit of $500.
  • Tax-deferred interest: This means you don’t need to pay taxes on interest until you receive your payments OR until you make a withdrawal.
  • Guaranteed interest rate: Your interest rate is locked in at the time of each contribution during the first year. After the first year, your interest rate can fluctuate but it will never go below the guaranteed minimum interest rate of 1%.
  • Penalty-free withdrawal: Up to a 10% penalty-free withdrawal* can be taken from the total account value once per policy year, including the first year.

*Withdrawals are subject to income tax, and most withdrawals made prior to age 59 1/2 are subject to a 10 percent IRS penalty. Guarantees are backed by the financial strength and claims paying-ability of BetterLife. 

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