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 five, seven, or 10 years*
- Make up to four withdrawals equaling up to 10% of the contract’s accumulated value without incurring a fee
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.