A strong foundation provides the support and guarantee from which you can build upon. Liberty Life's Freedom Series Foundation Annuity,1 a single premium deferred annuity, does just that - creates a foundation of safety and security while providing you a stream of income for your retirement years.
You purchase a Foundation Annuity with a one-time premium payment. Because the Foundation Annuity is a deferred annuity, it means your annuity value earns interest that won't be taxed until it's withdrawn. And as your interest accumulates, it in turn earns interest, compounding your gains each year. As an added incentive, the Foundation Annuity earns an extra 0.25% interest in the contract's first year. Also, account values of $100,000 or more earn additional interest.
While the Foundation Annuity provides a stream of income important for your retirement years, it offers additional benefits:
With a strong foundation, your future possibilities are endless.
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Life insurance and annuities issued by:
Liberty Life Assurance Company of Boston, a Liberty Mutual company
Home office: Boston, Mass. Service center: Dover, N.H.
1Liberty Life Assurance Company of Boston, a Liberty Mutual company, issues Freedom Series Foundation Annuity on policy forms SPDA-2010090, ICC10-SPDA-2010090 as applicable (SPDA-2010090 NY in New York) and state variations identified by state code. Product availability may vary by state. Features and benefits may vary based on state approval.
2May vary by state. Up to 10% of the beginning-of-year account value may be withdrawn without withdrawal charges. Withdrawals taken before age 59 ½ may be subject to a 10% federal tax penalty as well as tax on any gain in the contract. You should consult a tax advisor regarding financial implications.
3Does not apply to pre-existing conditions. May not be available in all states.