Build the foundation, enjoy the future.
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the Foundation Annuity is a deferred annuity, it means your annuity value earns interest that won't be taxed until it's withdrawn.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:
- Penalty-free access to account values2
- Withdrawal of account value in the event of certain serious health conditions3
- A variety of payout options
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.
2 May 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 Up to 10% of the beginning-of-year account value may be withdrawn without withdrawal charges.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.
3 Does not apply to pre-existing conditions. May not be available in all states.