Annuities
NMB provides annuity contracts designed to address the concerns of retirement. Although other goals may be accomplished by using annuities, retirement security remains foremost. NMB provides three types of annuity products.
Single Premium Deferred Annuity - A contract established with a one-time payment, which can be used to provide for long term accumulation of funds with a guaranteed rate of return, as well as a competitive current crediting rate.
This product can also provide a stream of payments while preserving flexibility in accessing funds.
Current Rates
- Current New Policy Rate = 6% (a)
- Current Renewal Rate = 5.25% (b)
- Guaranteed Minimum Renewal Rate = 3.00%
(a) First year effective annual interest rate guaranteed for the first policy year, for a policy value of $50,000 to $100,000.
(b) Current rate is an effective annual interest rate, subject to change without notice. This rate is for a policy value of $50,000 to $100,000.
Flexible Premium Deferred Annuity - A contract which provides the policy holder with the opportunity to make periodic payments when desired. Ideal for Individual Retirement Accounts and Roth IRAs.
Current Rates
- Current New Policy Rate = 6% (a)
- Current Renewal Rate = 5% (b)
- Guaranteed Minimum Renewal Rate = 3.00%
(a) First year effective annual interest rate guaranteed for the first policy year, for a policy value of $50,000 to $100,000.
(b) Current rate is an effective annual interest rate, subject to change without notice. This rate is for a policy value of $50,000 to $100,000.
Single Premium Immediate Annuity - Provides a guaranteed stream of payments to the policy holder. Ideal for placing funds received as a lump sum at the time of retirement, as well as providing guaranteed payments for two individuals as long as either is alive.
For more information contact or find your local sales office |
