TRUST IN PROVIDENCE For your income, savings and retirement needs

PERSONAL AND FAMILY SAVINGS (3.25% tax-free or deferred)

The Providence Association offers you many opportunities for safe, guaranteed and steady tax efficient interest (“fixed”) and cash value income growth. Its clients can choose from a vast array of savings vehicles: Annuities, Traditional IRAs, Roth IRAs, SEP and SIMPLE IRA pension plans, and cash value permanent (“whole”) life insurance. Our policy against charging “loads” (administrative charges, costs and fees) insures that every dollar that you invest with Providence will work for you.

Read about all of our savings opportunities below.


We are all living longer: Fabulous. But increased longevity can pose a quandary for those who either did not save for retirement or are worried about outliving their money (i.e. not having saved enough). Not to worry: One way to save for retirement and to ensure that your money lasts as long as you do is to invest in an annuity. What is more, wrapping that annuity into an IRA (traditional or Roth) will further enhance the already generous tax treatment, which the Federal and State authorities afford to annuities. Read More.


The Tax Payers Relief Act of 1997 not only established the Roth IRA as an excellent tax-free investment vehicle, but also made all other IRAs (Traditional, SEP and SIMPLE) accessible to unrestricted penalty free withdrawals for tuition for higher education. Coupled with increased contribution limitation, IRAs have become a good means of setting aside a college fund for children.

Grandparents and even parents who had children later in life can also use annuity funds (withdrawn after age 59.5) to support their college bound descendants. Read More.


An Individual Retirement Account (IRA) is one of the best and easiest ways to save for your future. IRA”s have been greatly enhanced by new legislation that brought significant changes to Traditional and Roth IRA”s.

Depending on the type of IRA you choose, the interest you earn may either be tax-deferred or tax free and the contributions you make may even be tax-deductible. Consult your tax advisor to determine your opportunities. The effective growth rate of a 3.25% tax-deferred or tax-free IRA or annuity, as offered by Providence, is up to 4.61%, depending upon the investor”s tax bracket. Read More.


Although IRA”s and Roth IRA”s are wonderful vehicles for retirement savings, because they generate either tax deductions or tax-free distributions, respectively, their greatest limitation stems from the restrictions on the amount of annually permitted deposits. A wise investor will also purchase a Flexible Premium Deferred Annuity for the purpose of accumulating additional retirement income and/or wealth for future generations. Read More.


Small Business Owners

SEP and SIMPLE IRAs offer our professionals and family and small business owners a unique opportunity to make enhanced contributions into IRAs.



Annuity Rate

Click here to view our tax deferred or exempt interest rate information!    


KOTUR Application

Click here to access the Application


Visit from seminarians from St. Basil Seminary

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


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 …