Navy Mutual Annuities
Guaranteed income for your future.
Navy Mutual offers a wide variety of secure, low-cost annuities. These contracts can help ensure your financial security by generating income that cannot be outlived, reducing risk exposure, and increasing your retirement portfolio’s longevity.
- Flexible contribution options, guaranteed minimum interest rates, and fixed returns
- Funded with after-tax dollars
- No surrender fees
- Request More Information
- Ronald N., Member since 2016
Immediate Annuities
An immediate annuity starts a guaranteed income stream right away, with payments beginning within one year of the contract purchase date. Immediate annuities are funded with a single lump-sum deposit and are typically used as a tool to spread out income taxation, create a bridge of income, or reduce the risk of outliving assets.
Single Premium Immediate Annuity
A stream of guaranteed income for a set period of time or for life.
Deferred Annuities
A deferred annuity begins earning interest immediately, but distributes your tax-free premium deposits and taxable earnings at some point in the future. It is designed to grow a sum of money in a tax-advantaged way, with the option to surrender for a lump sum or initiate income payments whenever needed. Prior to the distribution of payments, earnings accumulate on a tax-deferred basis, so you do not pay any taxes on interest earned until you receive distributions.
Single Premium Deferred Annuity
Fixed tax-deferred interest based on a single lump-sum deposit.
Flexible Premium Retirement Annuity
Fluctuating tax-deferred interest with minimum risk.
Navy Mutual’s Annuities
Single Premium Immediate Annuity | Flexible Premium Retirement Annuity | Single Premium Deferred Annuity | |
|---|---|---|---|
| How are contributions made? | One lump-sum deposit | Single initial deposit with the option to make future contributions | One lump-sum deposit |
| What are the minimum and maximum contribution amounts? | $10,000 - $1,000,000 | $100 - $1,000,000 | $10,000 - $5,000,000 |
| What are the current interest rates? | 1.75% - 3.30% | 2.00% - 3.00% | 4.45% - 5.05% |
| Special Features | Guaranteed principal deposit for fixed period income payouts Income consists of tax-free premium contributions and taxable interest earnings Free 30-day look period | Contractually guaranteed return of premium payments, plus interest Tax-deferred interest Penalty-free withdrawals* Free 30-day look period | Tax-deferred interest 1% premium bonus added to deposits with a 7- or 10-year lock Penalty-free withdrawals* Free 30-day look period |
Want to transfer an annuity to Navy Mutual? You may be able to transfer the value of another deferred annuity or permanent life insurance cash value to Navy Mutual without triggering an immediate taxable event, but there are limitations. To determine whether your potential transfer qualifies for a 1035 exchange, contact us today or consult your tax adviser.
Immediate annuity payout options are chosen at the time of purchase. Navy Mutual offers five payout options that provide income in different ways. This decision should take into consideration the reason you decided to purchase the annuity in the first place. Read more here.
Are you eligible? We provide affordable life insurance and annuities to those who serve (or have served) our nation. If you are an active duty, reserve/guard, or retired servicemember in any branch of the United States military or uniformed services, we’d be honored to serve you and your family. Learn more.
Annuity Basics
If you are ready to learn the basics of annuities, start here. Then, when you are ready to set yourself up with guaranteed income, you can schedule a consultation with a representative.
Current Annuity Rates
Annuity interest rates are determined by the amount of money you deposit and the type of annuity you purchase. Take advantage of a great rate now!