Annuities

Annuities

3.25% current variable rate    

Safe, Secure and Steady Investment Growth

For more detailed information on IRAs and Roth IRAs, More info on IRAs and Roth IRAs.

Guaranteed Lifetime Income Option Available

  • Tax deferred growth
  • Interest rates compare favorably with CDs
  • Effective income growth rate up to 5.30% (see below)
  • Taxes on income deferred until withdrawal
  • Minimum initial deposit of only Three Hundred ($300) Dollars
  • Additional deposit minimum of only Fifty ($50) Dollars
  • 3.0% guaranteed minimum interest rate, regardless of how low bank or bond rates go
  • No “teaser” rates: you will not get a rate that drops to as low as 1% after a year or two.
  • No maintenance or administrative costs, loads or charges
  • Enjoy triple compounding of your investment: earn interest on principal; earn interest on the interest; and earn interest on money that otherwise would have been paid in taxes
  • Every invested dollar works for you
  • Freedom to select the time and method of withdrawal**
  • Rapid Wealth Accumulation
  • Option: Accumulate Wealth through Regular deposits (models below)
  • Guaranteed Lifetime Monthly Income Payments, if desired
  • Tax-free transfers from existing annuities may be arranged, if beneficial to you.

ANNUITIES ARE THE RIGHT PRODUCT:

  • To build a financially secure retirement
  • To provide for your family after your death
  • To leave an estate for your loved ones
  • To save for the educational needs of your children or grandchildren
  • To leave a legacy for your favorite charity
  • A safe guaranteed vehicle for your Roth IRA and IRA savings needs or 401(k) rollovers
  • To provide a lifetime steady pension income

INTERESTED IN APPLYING FOR AN IRA, ROTH IRA, OR ANNUITY?  Click Here

** Withdrawals before age 59.5 or six years may be subject to charges or tax penalties, except in cases of disability, chronic illness without prognosis of recovery, catastrophic medical expenses and death.

EFFECTIVE GROWTH RATES OF PROVIDENCE ANNUITIES

 

The tax-deferred or tax-free features of a Providence IRA or Annuity generate a higher effective growth rate than 3.25%, since the growth is not diminished by tax payments)

Federal Tax Bracket             Providence Rate           Effective Growth Rate

39.6%                                      3.25%                            5.30%
35%                                         3.25%                            5.00%
33%                                         3.25%                            4.85%
28%                                         3.25%                            4.51%
25%                                         3.25%                            4.33%
15%                                         3.25%                            4.01%
10%                                         3.25%                            3.61%

 

ACCUMULATE WEALTH THROUGH REGULAR DEPOSITS

(at the current 3.25% interest rate)

Monthly Premium 333.33
Year Paid 1.00% 3.00% 3.25% 4.00% 5% 6%
5 19999.8 $20,516.56 $21,602.56 $21,743.43 $22,173.10 $22,762.92 $23,372.73
10 39999.6 $42,084.58 $46,696.46 $47,317.83 $49,246.39 $51,975.91 $54,899.03
15 59999.4 $64,757.94 $75,845.95 $77,398.18 $82,302.77 $89,466.65 $97,423.29
20 79999.2 $88,593.30 $109,706.49 $112,778.39 $122,664.51 $137,580.73 $154,782.15
25 99999 $113,650.19 $149,039.46 $154,392.23 $171,946.05 $199,328.34 $232,150.66
30 119998.8 $139,991.24 $194,729.29 $203,338.02 $232,118.65 $278,572.67 $336,509.17
Annual premium 4,000
Year Paid 1.00% 3.00% 3.25% 4.00% 5% 6%
5 20000 $20,608.06 $21,873.64 $22,036.59 $22,531.90 $23,207.65 $23,901.27
10 40000 $42,267.34 $47,231.18 $47,894.57 $49,945.41 $52,827.15 $55,886.57
15 60000 $65,031.46 $76,627.53 $78,236.62 $83,298.12 $90,629.97 $98,690.11
20 80000 $88,956.78 $110,705.94 $113,840.33 $123,876.81 $138,877.01 $155,970.91
25 100000 $114,102.53 $150,212.17 $155,618.12 $173,246.98 $200,453.82 $232,625.53
30 120000 $140,530.96 $196,010.71 $204,640.67 $233,313.34 $279,043.16 $335,206.71

News

29
Sep

Check your mailbox for your Providence Association Election Ballot!

Providence Association of Ukrainian Catholics in America Election Ballots are being delivered to all eligible members by US Mail!

08
Aug

Welcome Very Rev. Andriy Rabiy! Вітаємо всечеснішого отця Андрія Рабія!

The Providence Association joins the Ukrainian Catholic Archeparchy of Philadelphia in welcoming the appointment of Very Reverend Andriy Rabiy as Auxiliary Bishop of the Ukrainian Catholic Archeparchy of Philadelphia. Welcome and “Многая Літа”! https://www.facebook.com/permalink.php?story_fbid=1441761342543928&id=197564070297001

03
Jul

Excerpt from Providence Association Bylaws Regarding Elections

Attached below are sections of the Providence Association Bylaws regarding Elections. ELECTION OF THE GENERAL ASSEMBLY   Every qualified member of “The Providence” who is a practicing Catholic, of upright character, between the ages of 21 and 70, a member …

01
Jul

Providence Association Election Committee verifies candidates

Report of the Election Commission of the Providence Association of the Ukrainian Catholic in America. TERM  2018-2022