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Liberty Single Premium Tax-Deferred Annuity
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National Life’s Green Mountain Liberty Single Premium Tax-Deferred Annuity
(SPDA) is a traditional fixed annuity with a guaranteed fixed rate of interest for five years.
It’s designed to offer safety and security, for both charitable givers and individuals who wish
to systematically draw upon interest earnings while keeping their principal intact.
Liberty offers benefits like tax-deferral,* accessibility and flexibility that
help you maintain control over your assets. You cannot lose your premiums paid or your earned interest
due to market conditions. Interest grows tax-deferred until withdrawn** (usually at retirement), and
interest compounding - without current deductions for taxation - provides for an enhanced accumulation.
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When it is time to begin taking an income, you can schedule payouts that meet your
specific needs. Systematic withdrawals can begin as soon as 30 days after issue. If desired, you may select
an option that will continue the income to a surviving spouse or beneficiary. After year five, the interest
rate is guaranteed never to be less than required in the state of issue.
For more information about Liberty, call your agent or
contact us directly.
Are you an agent that would like more information? Our
Annuity Sales Desk will be happy to help.
*Annuities owned by trusts or corporate entities do not generally enjoy the
tax-defferal feature.
** Withdrawal charges apply only after the amount withdrawn exceeds interest earned.
Withdrawals made prior to age 59½ may be subject to a 10 percent IRS penalty.
In the states of MA/MT, the Company uses Uni-Sex Rates to determine payments.
Liberty, form series 6996-6997, is underwritten by National Life Insurance Company. It is
approved in all states. Issue ages 0 - 85; Max issue Age in NY is 79. The Sex Distinct version is not available
in Massachusetts and Montana.
National Life Insurance Company, the flagship of the National Life Group companies, is licensed
to do business in all 50 states and the District of Columbia. National Life Group is a tradename of National Life
Insurance Company and its affiliates.
Guarantees are dependent on the claims-paying ability of the issuing company.
TC47502(0309)
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