Annuities
As Your Assets Grow, So Does Your Peace of Mind
For almost 100 years, people have counted on AAA to provide them with peace of mind when taking to the road. Now you can have that same sense of comfort in your retirement plan, with a fixed-rate annuity offered through AAA Life Insurance Company.
Retirement gives you the time you've always wanted to travel and see family, but this freedom often comes with money worries. With a competitive fixed interest rate, a minimum interest guarantee for the life of your contract, and retirement income options that can be guaranteed to last a lifetime, it's easy to see how a tax-deferred annuity1 can help bring safety and stability to any retirement portfolio.
Earn Interest Now, Pay Taxes Later
Current tax laws allow for the deferral of income taxes on an annuity’s earnings until they are withdrawn1. Tax deferral helps an annuity grow at a faster rate than taxable interest accounts like money market funds and certificates of deposit because your money grows in three ways—your premium earns interest, your interest earns interest, and the money you would have paid in taxes remains in your account to earn interest.1
Choose the Annuity That Best Fits Your Needs
AAA Life Insurance Company offers you several annuity options. Each one has unique features that can be of benefit to you. Which one you choose will depend on which one best fits your specific retirement goals and needs.
EliteBonus and Platinum Bonus Annuities
Our Bonus Annuities feature competitive interest rates PLUS an attractive 1st year bonus that's guaranteed for the first 12 contract months.2 Because the 1st year rate you'll earn depends on the annuity you select and the premium you contribute, be sure to ask your AAA Life Insurance professional for specific information on all of the bonus annuity products available to you. You're sure to find the one that best fits your particular needs.
EliteGuarantee Annuity
If you're looking for tax-deferred growth but you want to lock-in an interest rate for more than one year, you should consider our annuity that features a multi-year guarantee. While minimum premium levels and withdrawal charges apply during the guarantee period, unlike certificates of deposit1, your annuity growth is tax-deferred. And, once the initial rate guarantee period expires, you have the option to renew for the same period of time.
Single Premium Immediate Annuity
When you're ready to retire, our Single Premium Immediate Annuity (SPIA) is an excellent choice for a variety of retirement income options. With a SPIA, payments can be guaranteed to last for as long as you live; or for as long as you live, with payments guaranteed to your survivor3. While there are a variety of other payout options available to you through the purchase of an Immediate Annuity, rest assured that all of them provide you with payment guarantees—a feature not found in any other type of retirement savings vehicle.
The Bigger Your Initial Premium, the Bigger Your Bonus!
It's true. Our Bonus annuities offer a 1st year bonus that's based on the amount of your initial premium.* You'll want to talk to your local AAA Life Insurance professional to see how you can take advantage of the highest bonus rates we have to offer.
Early Access to Your Funds is Available
Although deferred annuities are designed to be long-term retirement accumulation vehicles, we know there may be times when you need access to your funds earlier than expected. With that in mind, you'll be glad to know that all annuities offered through AAA Life include a withdrawal provision1.
Purchase Your Annuity Today!
When you purchase an annuity with AAA Life Insurance Company, your funds will be with a company that has more than 30 years experience. We look forward to helping you plan for tomorrow by offering guarantees and competitive rates today.
1 Annuities are not considered short-term investments. Surrender charges may apply, and the fees and charges associated with a fixed-rate annuity are usually higher than other investments like certificates of deposit. Under current tax law, earnings withdrawn before age 59 1/2 may be subject to IRS penalty. Withdrawals exceeding 10% of the accumulation value are also subject to a contractual withdrawal schedule included in each contract.
IRAs and Qualified Plans already provide tax-deferral of earnings. There is no additional benefit from the annuity’s tax deferral feature. An annuity should be used to fund an IRA when its features, other than tax-deferral, are beneficial.
AAA Life Insurance Company and its agents do not provide legal or tax advice. Therefore, you may wish to seek independent legal, tax, or financial advice prior to the purchase of this contract.
2The first year declared interest rate is an annual effective yield that is guaranteed for the first contract year. It is separate from the contract’s Guaranteed Minimum Interest Rate that is effective for all contract years.
3 Dependent upon individual circumstances and the plan selected. The single premium amount required to establish the guaranteed payout you want is based on the option selected at the time of application.
* A separate bonus schedule is available in the state of Washington.
Contract Form Series 40611, 40412, 40413, 40512, 40513, 42303. 42203, 43303, 43203.
This information is not a contract. All descriptions are intended solely to inform you about the many features of annuities. The contract and its endorsements determine exact product features and benefits.