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Any interest and investment earnings accumulate on a tax-deferred basis. |
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No surrender or withdrawal charges. Withdrawals of interest and investment earnings prior
to age 59 ½, however, may be subject to a 10% penalty imposed by the IRS. Also, earnings
withdrawn are generally subject to taxation as ordinary income. |
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No maximum contribution. Low $10 minimum contribution. |
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No mandatory distribution required at age 70 ½. |
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No fixed contribution amount. |
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No front-end sales loads. |
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There is a wide array of Investment Alternatives and an Interest Accumulation
Account from which to choose. |
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Unlimited transfers and allocation changes. |
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24-hour access to account information via our toll-free phone number and this Web site. |
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Comprehensive quarterly statements and informative newsletters. |
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Contributions are made with after-tax dollars and are not taxed upon withdrawal. |
