THE GRAND LODGE OF OHIO, ORDER SONS OF ITALY ANNUITY

The OSIA Flexible Premium Annuity offers members the opportunity to make deposits with the Grand Lodge of Ohio, Insurance Commission, in order to accumulate savings interest to retirement age. Annuities provide high interest return on deposits and savings through tax deferral.

Deposits may be made either regularly (monthly, quarterly, semiannually, or annually) or irregularly, as your financial situation allows. You may also make a one-time deposit only. At the retirement age you choose, the funds accumulated in the Annuity may be withdrawn using any of the OSIA's lump sum or periodic income settlement options.

While other investments involve a high degree of risk, The OSIA Annuities guarantee your deposits will accumulate interest at no less than 4%. Annuities provide growth by paying current interest rates on the initial and subsequent deposits. At present, the OSIA Annuity is paying 4% interest. And all your money goes to work for you: OSIA Annuities have no sales charges or fees.

Any member of the Sons of Italy can purchase annuities. You can't be turned down. Most importantly, annuities are the only investment that can guarantee and income as long as you live and YOU decide when the accumulated values will be paid out.

Other features of the Flexible Premium Deferred Annuity include:

 

bulletYour annuity continues to accumulate interest after you have stopped contributing and have begun to receive retirement income. The interest rate you receive on your annuity after settlement will never be less than 4%.
bulletDeath benefit: If you die prior to settlement, your annuity beneficiary receives the full cash value of the annuity. If you die while receiving retirement benefits, the remaining value of your guaranteed benefits will be paid to your beneficiary.
bulletWithdrawal privileges: You may withdraw any or all of the annuity's cash value. However, withdrawals before age 59 ½ are subject to a federal tax penalty.
bulletSince annuities are meant to be long-term investments for providing retirement funds, funds withdrawn during the first six years are subject to an OSIA Early Withdrawal Charge. However, 10% of your funds may be withdrawn for emergencies, at a maximum of three times per year, without an OSIA Early Withdrawal Charge. (The federal tax penalty still applies if funds are withdrawn before age 59 ½ )
bulletTax on the interest earned is deferred until the annuity funds are drawn.
bulletWith deferred taxes, you earn interest on your principal, interest on your interest, and interest on the money you would have paid in taxes, and immediately realize a decrease in your Federal Income Tax.

 

 

IMPORTANT ANNOUNCEMENT REGARDING ANNUITIES

As a reminder, annuities may be opened for as little as $300 and earn 4%. Any amount over $1,000 currently will earn 4 ½ %.

Presently, our annuities are guaranteed to pay at least 4%. Within the next two weeks, however, the Department of Insurance is requiring that we lower that guaranteed rate to 3%. SO PLEASE ACT NOW to open an annuity and be guaranteed that your rate will never fall below 4%.

We'll be glad to send you more information: Sons of Italy annuities offer significant tax deferrals, fully protect your investment, have no market risks, allow you to avoid costs and delays of probate and have NO FEES or sales charges.