An annuity is a long-term insurance investment product that pays income. It can be incorporated into your financial strategy as a way to accumulate money for retirement and/or turn a lump sum of money into guaranteed, steady income during retirement (after age 59 ½).
COF offers fixed annuities. Fixed annuities accumulate funds on a tax-deferred basis1, offer a death benefit to loved ones and give options to receive income for life, along with other contract-specific features. Money can be received from an annuity quarterly, annually or in a lump sum payment. All guarantees, including death benefit payments, are dependent on the claims paying ability of Catholic Order of Foresters.
1Tax deferred: you do not pay taxes on your earnings until funds are withdrawn from your policy. Because annuities offer insurance and investment features, annuities may be subject to additional fees.
- ADVANTAGE Starter™
- ADVANTAGE Flex™
- ADVANTAGE Plus™
ADVANTAGE Starter™ Membership Annuity
If you're looking for a simple "non-IRA" option that offers a competitive rate for a nominal premium, our ADVANTAGE Starter™ Membership Annuity may be just right for you.Learn More
ADVANTAGE Flex™ Flexible Premium Deferred Annuity
Are you looking for an investment vehicle in which you can make regular contributions on a periodic or non-periodic basis, earn a competitive rate and have the future option to receive a guaranteed regular income? Our ADVANTAGE Flex™ annuity may be the answer.
ADVANTAGE Plus™ Single Premium Deferred Annuity
Have you recently received a lump sum and are wondering where to invest it? Catholic Order of Foresters offers an ADVANTAGE Plus™ annuity as a solution. This annuity allows for a single premium and offers the highest rate of all our annuity products. If you don't have a need to make additional future contributions, the ADVANTAGE Plus™ annuity may be just what you are looking for.
Single Premium Immediate Annuity (SPIA)
If you’re looking for a responsible way to earn money and want immediate payouts, this type of annuity is for you. It offers contracts of 10, 15 and 20 years and through a lifetime contingency, the length of your life. You aren't taxed on the amount of money (the base) you place in this annuity, but on the interest (the income) you earn.