SINGLE PREMUIM ANNUITY

Designed for rollovers from qualified pension plans or for funds from certificate of deposits-one deposit only.

Minimum Premium $10,000.00
Maximum Premium Up To $100,000.00

No dues or per capita are payable and full membership rights are granted.

ANNUAL PREMUIM ANNUITY

Designed as a savings plan where premiums are paid each year and used to provide future retirement benefits. Also can be an excellent IRA plan.

Minimum 1st Year Premium $200.00
Maximum 1st Year Premium $10,000.00

Dues and per capita premiums of $6.00 are payable annually if your account balance is less than $1,000.00.

In order for the Society to pay higher interest rates, it must invest in long term opportunities. To encourage you to keep your money with the Society on a long term basis so that the Society can invest long term, a surrender charge is payable on annuities if you withdraw more than the annual interest earned before 4 years. The surrender charge is 2% of premium on amounts surrendered in the first year, 1 1/2% in the second year, 1% in the 3rd year, and 1/2% in the 4th year. There is no surrender charge after 4 years. Annuities can be used to become a member of our Society, especially if a person does not qualify for life insurance. Annuities are tax deferred, which means you do not pay taxes on the interest you have earned until you take the money (interest earned) out of the contract.
We are currently paying interest @ 4.50% on both of our annuity plans.

Please contact us for more information at...

U.P.P.E.C. FRATERNAL INSURANCE
1229 B Street
Hayward, California 94541
1-800-53-UPPEC (87732)
Phone: (510) 538-6828
Fax: (510) 538-2065
Email: supremecouncil@uppec.org
NAIC Company Code: 57959

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