Single Payment Deferred Annuity The Single Payment Deferred Annuity provides 5, 7, or 10 years of guaranteed interest rates. Earnings will not be taxed until withdrawn from the contract. Our guaranteed interest rates make this a great product for transferring funds to our company. Specifications The issue age for this product is age 14 days to age 90. Deposits A one time payment is deposited into the annuity. No future payments can be deposited. Interest Rates We offer fixed annuity interest rates for 5, 7 and 10 years. We guarantee our interest rate after the guarantee period at 3%. Surrender Penalties There is a 5 year surrender penalty for the 5 year guarantee period. There is a 7 year surrender penalty for the 7 year guarantee period. There is a 10 year surrender penalty for the 10 year guarantee period.