GUIDE to LIFE

* Not available in all states. The Single Premium Fixed Immediate Annuity offers several options for how income can be paid out: l income is guaranteed and paid over the lifetime of the annuitant l income is paid for a specified number of years l income is guaranteed not only during the lifetime of the annuitant, but for the lifetime of surviving spouse and/or partner Allows for after-tax contributions Interest on contributions grows tax-free Account must be established before child turns 18 Deposits can be made until age 18 Withdrawals can be made until age 30 for qualified educational expenses By age 30, unused funds can be transferred to a younger family member’s Coverdell account No annual maintenance fee If used for qualified education expenses, distribution is tax-free Income limits apply Please call the UNA Home Office at (800) 253-9862 or speak directly with a Sales Agent at (888) 538-2833 Single Premium Fixed Immediate Annuity A Single Premium Fixed Immediate Annuity is purchased with a single premium deposit (principal). The purpose of a Single Premium Fixed Immediate Annuity is to convert the single deposit into immediate income payments that begin approximately one month after the annuity is purchased. Coverdell Education Savings Account (ESA) A federal tax-advantaged educational savings program, the Coverdell ESA funds education expenses, not retirement. Individual Retirement Accounts (IRAs) Tax-advantaged retirement accounts established by individuals who contribute a portion of their compensation towards savings for retirement. Traditional IRA Contributions may be tax-deductible, depending on income level Interest on principal grows tax-deferred Withdrawals taxed as ordinary income Mandatory distribution at age 70½ Roth IRA Contributions are not tax-deductible Interest earnings and principal growth and withdrawals are tax-free No mandatory distribution age Income restrictions apply Simplified Employee Pension (SEP) IRA Plan established by self-employed individuals and small business owners Refer to IRS table for contribution amounts and amount of tax deduction Interest on principal grows tax-deferred Withdrawals taxed as ordinary income 23