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How does a WPA
Annuity work?
We will set
up a flexible account, providing you with a guaranteed
future income, based on the premiums you pay. Ideal for
retirement, your WPA Annuity contract is a great
long-term plan for your future and for your family
members. WPA Annuities are available as either
“qualified” (traditional or Roth IRA) or “non-qualified”
plans.
You choose which is best suited for your needs. |
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Key Advantages of
WPA Annuities
Safety
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WPA maintains cash reserves which exceed those
required by law.
Competitive
Rates
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Current WPA interest rates are guaranteed to never
drop below 3%.
Management
free
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There are no sales or administrative fees. 100% of your
premiums begin earning interest immediately upon payment
Lifetime
Income
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Cash payments can be made in a lump sum or through other
settlement options.
Probate
Avoided
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Should the annuitant die prior to the contract maturity
date, the total cash value is paid directly to the
beneficiary.
Flexibility
-
Premium Payments may be discontinued or resumed at any
time.
Achieve Your
Long-Term Goals
Annuities
from the William Penn Association can be used to grow
funds for retirement, education, or purchase of a home.
Whatever your long-term goals, an annuity can be a
valuable tool to help you achieve it. |
Annuity Plans
Penn
"Preferred"
9-Year Withdrawal Charge Annuity
Current
Interest Rate 5.25%.
Earns our highest interest rate.
Make withdrawals after 9 years with no WPA penalties.
Penn "High
Five"
5-Year Withdrawal Charge Annuity
Current
Interest Rate 4.75%.
Earns our second-highest interest rate.
Make withdrawals after 5 years with no WPA penalties.
Penn "No
Surrender"
No Withdrawal Charge Annuity
Current
Interest Rate 4.00%.
Earns interest at competitive rates with no WPA
penalties for early withdrawal.
Please
Note:
All Annuities may be subject
to IRS penalties for early withdrawal.
Minimum Guaranteed Rate on these Contracts is 3.0%.
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