Navy Mutual SPDAs
Rates as high as 6.15%
Navy Mutual’s Single Premium Deferred Annuities are funded through one lump-sum payment. Often this lump sum comes from the sale of other assets, like a home or an investment portfolio. Single Premium Deferred Annuities are only purchased with after-tax dollars.
How It Works
- Make a one-time deposit between $10,000 and $5,000,000
- Lock in your interest rate for three, five, seven, or 10 years*
- Make up to four withdrawals equaling up to 10% of the contract’s accumulated value without incurring a fee
More Resources
What is an annuity?
A deferred annuity is designed to grow a premium deposit 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!
*A 1% premium bonus is added to any deposit with a seven- or 10-year lock.
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.