Navy Mutual Annuities
Guaranteed income for your future
Navy Mutual offers a variety of secure, low-cost annuities to help ensure your financial security down the road. These tax-deferred financial tools can be a smart way to diversify and increase your retirement savings.
- Navy Mutual annuities provide flexible payment options, guaranteed minimum interest rates, and highly competitive fixed returns
- Our annuities are funded with after-tax dollars and can be ideal for those who already have well-funded, tax-advantaged retirement account investments
- There are no surrender fees or sales commissions
Annuity Options
Navy Mutual offers three different annuities:
Flexible Premium Retirement Annuity
Fluctuating tax-deferred interest with minimum risk.
Single Premium Deferred Annuity
Fixed tax-deferred interest based on a single lump-sum deposit.
Single Premium Immediate Annuity
A stream of guaranteed income for a set period…or for life.
A side-by-side comparison of our annuities:
| Flexible Premium Retirement Annuity | Single Premium Deferred Annuity | Single Premium Immediate Annuity | |
|---|---|---|---|
| Deposit/Contribution Type | Initial deposit plus option for future contributions | Single lump-sum deposit | Single lump-sum deposit |
| Deposit/Contribution Amounts | $100 – $1,000,000 | $10,000 – $5,000,000 | $10,000 – $1,000,000 |
| Guaranteed Principal Amount* |  | | |
| Guaranteed Tax-Deferred Interest | | | |
| Current Interest Rates | 1.20% - 3.00% | 2.60% - 3.20% | 2.00% - 2.60% |
| 1% Premium Bonus | | ||
| Penalty-Free Withdrawals | * | ** | |
| Free Look Period | | | |
*Fixed period (not life income) only | **After the first year, up to 10% of accumulated value can be withdrawn
Annuity Transfer
You may be able to transfer the value of another commercial non-qualified deferred annuity to Navy Mutual without triggering an immediate taxable event. This type of transfer is called a 1035 Exchange. To ensure your potential transfer qualifies, contact us today or consult your tax advisor.
Current Annuity Rates
Take advantage of a great rate now!
Annuities Basic Training
Get answers to questions you may have about annuities.