Annuity Product Comparison

senior couple comparing annuity products
Builder AnnuityBalance AnnuityFoundation AnnuityFlexible Payment
Premium Payments
  • One lump-sum premium payment
  • Minimum amount of $15,000
  • One lump-sum premium payment
  • Minimum amount of $10,000
  • One lump-sum premium payment
  • Minimum amount of $10,000
  • Periodic payments made annually, semi-annually, quarterly, or monthly.
  • $1000 minimum initial deposit; $100 minimum subsequent deposits
Interest
  • Interest rate is guaranteed initially for four years
  • Interest rate is reset each year after initial period.
  • Interest rate is guaranteed initially for one or five years (you select your preference on your application).
  • Interest rate is reset each year after the initial period.
  • Interest rate is reset each year after initial period.
  • Interest rates are credited to each payment.
First-Year Bonus
  • No
  • Yes. 1.00% extra interest
  • Yes. 0.25% extra interest
  • No
Tax Deferred
  • Yes. You won't pay taxes on the growth of the annuity until you withdraw money from the annuity.
  • Yes. You won't pay taxes on the growth of the annuity until you withdraw money from the annuity.
  • Yes. You won't pay taxes on the growth of the annuity until you withdraw money from the annuity.
  • Yes. You won't pay taxes on the growth of the annuity until you withdraw money from the annuity.
Access to Your Cash
  • Yes, through partial and systematic withdrawals1 and annuitization
  • Yes, through partial and systematic withdrawals2 and annuitization
  • Yes, through partial and systematic withdrawals2 and annuitization
  • Yes, through partial and systematic withdrawals2
Optional Modules
  • Yes3
  • Extra Access
  • Extra Care and Protection
  • Extra Assurance
  • No
  • No
  • No

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.

1 May vary by state. Up to 5% of the beginning-of-year account value may be withdrawn without withdrawal charges. Withdrawals taken before age 59½ may be subject to 10% federal tax penalty as well as tax on any gain in the contract. Clients should consult a tax advisor.

2 Up to 10% of the beginning-of-year account value may be withdrawn without withdrawal charges. Withdrawals taken before age 59½ may be subject to 10% federal tax penalty as well as tax on any gain in the contract. Clients should consult a tax advisor.

3 Modules may not be available in all states.
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