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Learn About Annuities Ray and Pamela Hofman of Vermillion, South Dakota, wanted more retirement savings than just their pensions. CAA annuities were their solution...Read more Catholic Aid annuities and individual retirement annuities (IRAs) are designed to offer security, simplicity and reliable growth for your hard-earned money. CAA annuities insulate your future retirement income from stock market volatility or other investments that can lose value. An annuity is a series of payments made at regular intervals. In return for premiums that you pay, Catholic Aid will pay you an annuity. The main reason to buy an annuity contract is to obtain an income, usually for retirement purposes. An annuity contract is not a life insurance policy or a health insurance policy. It is not a savings account or savings certificate, nor should it be bought for short-term purposes. Catholic Aid offers annuities as a way for members to save for their future. Annuity products offer: Annuities can be used when saving for retirement, to reduce your current income tax liability or simply to enjoy seeing your money grow tax-free or tax-deferred. Regardless of your situation, Catholic Aid can provide you with stable, secure and competitive savings products. Requires a low minimum to start the account, yet allows ongoing deposits. One-time contribution of at least $5,000 (Individual Retirement Annuities) A retirement savings account funded with after-tax dollars; after five years, qualified withdrawals of both principal and interest are tax-free once you reach age 59½. A retirement savings account that defers taxes until you withdraw the funds. Contributions may be tax deductible. You can move money from a pension, IRA, 40I(k) or other qualified retirement account and transfer it into a Catholic Aid individual retirement annuity (IRA). This provides security, consolidates your accounts, and saves you money because Catholic Aid does not charge fees for the rollover process. Click here to learn more about Catholic Aid's retirement products.

What is an annuity?
Types of Catholic Aid Annuities
Flexible Premium
Single Premium
Types of Catholic Aid IRAs
Roth IRAs
Traditional IRAs
Rollovers
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If you have any questions about Catholic Aid annuities, please contact an insurance professional. Find your Field Rep by clicking here or call 1-800-568-6670.
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