Navy Mutual FPRAs
Rates as high as 4.70%
Navy Mutual’s Flexible Premium Retirement Annuities are typically funded through multiple premium contributions that can be made at any time. Flexible Premium Retirement Annuities are purchased with after-tax dollars.
How It Works
- Make an initial deposit between $100 and $1,000,000
- Allows subsequent deposits of at least $25 (up to a total of $1,000,000)
- Often used to supplement other retirement accounts
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What is an annuity?
A Flexible Premium Retirement Annuity is designed to grow premium deposits in a tax-advantaged way, with the option to initiate income payments at any future point. Prior to the distribution of payments, interest accumulates daily and compounds annually on a tax-deferred basis.
Set yourself up for financial success. You can receive payments for a fixed period of one to 30 years or receive payments for life!
Fixed annuities are insurance products and not investments. Guarantees are based on the insurer’s financial strength and claims paying ability. Product features, rates, and benefits are subject to the terms of the contract and may vary by state. Withdrawals may be subject to taxes, surrender charges, and restrictions. Complete details, including contract provisions, limitations, and conditions, will be provided in the required disclosure documents and contract form.
Navy Mutual annuities are non-qualified annuities, meaning that they must be purchased with after-tax dollars that are not contained within a retirement account. Not available in New York. Interest rates are based on Navy Mutual’s current rate schedule. Rates may change without notice. For current rates, please call 571-481-2313 or 800-628-6011.