Lifetime Income Solutions
Insurance Annuities
The Minnesota Benefit Association offers a variety of annuities from highly rated insurance companies.
Why should you consider an Annuity?
- Inflation and an increase in the cost of living can quickly deplete any retirement resources.
- Even if people plan carefully for retirement, it is becoming more common for people to outlive their savings.
- Annuities can provide a guaranteed income for life.
What are the different types of Annuities?
Fixed Annuity
Fixed Annuity
- These products offer a guarantee of principal. You will not lose momey.
- They offer a modest, but stable guaranteed rate of return
- Your Monthly payment can be set and guaranteed
Deferred Annuity
Deferred Annuity
- Income taxes are deferred until withdrawal of money
- No limits to annual annuity contribution-flexible payments
- Death Benefit-your beneficiaries will not receive less than the amount contributed to the annuity
Immediate Annuity
Immediate Annuity
- Typically you contribute one lump sum-single payment
- You begin receiving income immediately
- You can receive payments for the rest of their life
MBA’s annuities are with insurers that have proven financial strength.
To learn more about annuities or to request an annuities quote, contact:
info@MinnesotaBenefitAssociation.org or call 651-735-9874.
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About
Minnesota Benefit Association is a non-profit organization dedicated to providing exclusive services, benefits, and scholarship programs to current or retired public employees and elected officials in the state of Minnesota.
Get in Touch
800-360-6117
Minnesota Benefit Association
6701 Upper Afton Road
Woodbury, MN 55125
6701 Upper Afton Road
Woodbury, MN 55125
Member Registration
As a public employee you are automatically a member of the MBA after 30 days of public employment and entitled to benefits offered by the MBA.
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