Flexible Payment Deferred Annuity The Flexible Payment Deferred Annuity provides you the flexibility to make deposits towards your fund in which earnings will not be taxed until withdrawn from the contract. Our guaranteed interest rates make this is a great product for retirement savings. Specifications The issue age for this product is age 14 days to age 90. Deposits Payments are not required after the initial $500. You can make a payment at any time. If you wish to be billed, an invoice will be mailed to you Annually, Semi Annually, or Quarterly. We also accept monthly (EFT) payments for your convenience. Interest Rates We offer fixed annuity interest rates with a first year bonus guaranteed. We guarantee our interest rate after the first year at 3%. Surrender Penalites A surrender penalty will apply if the contract is surrendered within the first 8 years.