Annuities

Annuities

3.00% current variable rate    

Safe, Secure and Steady Investment Growth

Guaranteed Lifetime Income Option Available

  • Tax deferred growth
  • Interest rates compare favorably with CDs
  • Effective income growth rate up to 4.61% (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 (3.00%)

The tax-deferred or tax-free features of a Providence IRA or Annuity generate a higher effective growth rate than 3.00%, since the growth is not diminished by tax payments)

Federal Tax Bracket             Providence Rate           Effective Growth Rate
35%                                         3.00%                          4.61%
33%                                         3.00%                          4.47 %
28%                                         3.00%                          4.16%
25%                                         3.00%                          4.00%
15%                                         3.00%                          3.52%
10%                                         3.00%                          3.33%

 

ACCUMULATE WEALTH THROUGH REGULAR DEPOSITS

Monthly Premium 333.33
Year Paid 1.00% 3.00% 4.50% 5.25% 5% 6%
5 19999.8 $20,516.56 $21,602.56 $22,465.56 $22,913.47 $22,762.92 $23,372.73
10 39999.6 $42,084.58 $46,696.46 $50,587.85 $52,687.97 $51,975.91 $54,899.03
15 59999.4 $64,757.94 $75,845.95 $85,791.22 $91,377.92 $89,466.65 $97,423.29
20 79999.2 $88,593.30 $109,706.49 $129,858.64 $141,652.88 $137,580.73 $154,782.15
25 99999 $113,650.19 $149,039.46 $185,022.07 $206,981.79 $199,328.34 $232,150.66
30 119998.8 $139,991.24 $194,729.29 $254,075.41 $291,872.29 $278,572.67 $336,509.17
Annual premium 4,000
Year Paid 1.00% 3.00% 4.50% 5.25% 5% 6%
5 20000 $20,608.06 $21,873.64 $22,867.57 $23,379.37 $23,207.65 $23,901.27
10 40000 $42,267.34 $47,231.18 $51,364.72 $53,574.94 $52,827.15 $55,886.57
15 60000 $65,031.46 $76,627.53 $86,877.35 $92,573.97 $90,629.97 $98,690.11
20 80000 $88,956.78 $110,705.94 $131,132.55 $142,943.08 $138,877.01 $155,970.91
25 100000 $114,102.53 $150,212.17 $186,282.58 $207,997.20 $200,453.82 $232,625.53
30 120000 $140,530.96 $196,010.71 $255,009.55 $292,017.72 $279,043.16 $335,206.71

News

22
May

Visit from seminarians from St. Basil Seminary

Three seminarians from St. Basil Seminary in Stamford, CT visited Providence Association!

22
May

Bishop Soter Ortynsky Academic Scholarship Program

BENEFITS   The Providence will award up to five (5) one (1) time scholarships of $1,000 to eligible members.     ELIGIBILITY AND REQUIREMENTS FOR ACADEMIC SCHOLARSHIP   Each applicant must be a member in good standing of the Providence …

14
May

Candidates for the Board of Directors

Providence Association is looking for candidates for the Board of Directors.   We are looking for members of the association who have one or more of the following core competencies: Insurance industry expertise; Accounting or Finance expertise; Business experience; Leadership …

14
May

ELECTION OF THE GENERAL ASSEMBLY

Providence Association will be holding elections this autumn for term 2018-2022 Specifications about elections are excerpts from the Providence Association’s Bylaws Every qualified member of “The Providence” who is a practicing Catholic, of upright character, between the ages of 21 …