Bonus Annuity
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Bonus Annuity
The SDLIC Bonus Annuity is a flexible way to build your retirement income over time. Designed for long-term savers, it lets you contribute as much or as little as you want on your own schedule while enjoying tax-deferred growth on your earnings. With a first-year bonus interest rate and a guaranteed rate for the first 12 months, this plan helps you accumulate more for the future while giving you the freedom to keep adding to your nest egg whenever you choose.
If you want a stable, low-risk option that allows for ongoing contributions and helps grow your retirement savings without immediate tax obligations, this annuity is built for you.
Key Features
Flexible Premium Payments
Contribute on your own schedule — add to your annuity whenever you’re ready, starting with as little as $3,000.
First-Year Interest Bonus
Get a special bonus interest rate in your first year, along with a guaranteed fixed interest rate for 12 months to boost your earnings early.
Tax-Deferred Growth
Your savings can grow faster since you won’t pay taxes on your earnings until you begin taking withdrawals.
Long-Term Growth Potential
Earn a competitive interest rate over the long term (typically five years or more) while compounding your earnings.
Guaranteed Minimum Rate
No matter what happens in the financial markets, your annuity will never earn less than 1.00%.
Built-In Liquidity
Access your funds if needed with the ability to withdraw up to 10% of your accumulated value per year after the first year, without any withdrawal charges.
Who Is It Right For?
The SDLIC Bonus Annuity is ideal if:
You’re focused on building retirement savings gradually
You want a secure, low-risk option with predictable returns
You prefer to contribute over time rather than with a lump sum
You’d like to delay paying taxes on your earnings until withdrawal
However, if you’ve already retired and need immediate income payouts, our Guaranteed Annuity may be a better fit. And if you have a one-time lump sum to invest, the Income Annuity could be the right choice.
Why a Bonus Annuity?
Deferred annuities let your money work harder by earning interest on both your contributions and the interest they generate. Since taxes on earnings are postponed until you withdraw, your balance can grow faster. With flexible contributions, bonus interest, and guaranteed minimum returns, the Bonus Annuity can be a smart cornerstone of your long-term retirement plan.
Note: Annuities are long-term savings products. Withdrawals before age 59½ may be subject to IRS penalties and surrender charges. Please consult a financial or tax advisor to see how this product fits your retirement strategy.