"We Invite You To Join Our Fraternal Family"
|
|
| Financial
Products |
|
|
|
Life
Insurance
The National Slovak
Society offers two types of life insurance plans: permanent
and term.
|
|
Permanent
Plans of insurance (Whole Life) builds cash
and loan values.
|
|
|
|
Term
Plans offer the most protection for the lowest
cost with no cash on loan values
|
|
Annuities
An NSS annuity is
a contract between you and us that provides you with a guaranteed
future income in exchange for payments you make to your account.
It's a long-term
way of planning for the future, particularly for your retirement.
Both "qualified" and "non-qualified"
annuities are available in an NSS annuity contract.
|
|
Qualified
Annuities are those that are approved (qualified)
and overseen by the Internal Revenue Service of the U.S.
Treasury Department. Individual Retirement
Accounts (IRA) and Roth IRAs are examples of a qualified
annuity.
|
|
|
|
Non-qualified
Annuities
are basically those that have no oversight by the Internal
Revenue Service.
|
|
Both
our Preferred
5 Annuity and our Preferred
8 Annuity can be used as a "qualified"
or "non-qualified" annuity.
Since our annuities
are "tax deferred", there are penalties imposed
for early distribution before age 59½ by the Internal Revenue
Service.
We allow a 10% withdrawal
of your annuity account, each contract year, without a penalty,
if your annuity is in a penalty period. Please read
carefully the descriptions of our annuity products.
|
|
| 
