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Loyal Christian Benefit Association
700 Peach Street ~ Erie, PA 16501

Mailing Address:
Loyal Christian Benefit Association
PO Box 13005 ~ Erie, PA 16514-1305

Office Hours:
Monday - Friday - 8:00 a.m. - 4:15 p.m.
Saturday and Sunday - CLOSED

 

 Call us at 814-453-4331
or toll free at:

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From the LIFE Foundation

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Annuities                 
View Current Rates
Retirement planning got you down? Navigating the money maze can be tricky. An annuity offers guaranteed earnings while you save for the future. Your investment earns tax-deferred interest until retirement or when you need it. At that time you can receive payments for your lifetime, for a specified period, or in a lump sum.
 
There is a surrender charge for early withdrawal, and the IRS generally imposes a 10% penalty on the interest earned if you withdraw funds before age 59-and-a-half. Our annuities may be used for IRA's, SEP-IRA's, 403(b) plans or for personal investment. LCBA has Single Premium and Flexible Premium Deferred Annuities to help accumulate money, and we also offer Immediate (Income) Annuities that can provide a lifetime income or income for a fixed period of time.

LCBA Preservation + Annuities
   Checkmark  Earn tax-deferred interest
   Checkmark  Issued to members up to age 120
   Checkmark  3% minimum guaranteed interest rate
   Checkmark  Declining surrender charges based on contract date and not the deposit date
   Checkmark  One no-charge withdrawal per year, up to 10% of the accumulated value (on 8 and 5 year surrender period products)

3 Year Annuity
   Checkmark  Initial One Year rate guarantee
   Checkmark  Short 36 month surrender period (5%, 4%, 3%, 0%) (Surrender Charge ends after 3 years)
   Checkmark  Minimum deposit of $1,000

Growth Builder V - 5 Year Annuity
   Checkmark  Rates as high as 5.5% on deposits of $100,000 or more
   Checkmark  Initial One year rate guarantee
   Checkmark  5 year surrender period (6%, 5%, 4%, 3%, 2%, 0%) (Surrender Charge ends after 5 years)
   Checkmark  Can be used as a ROTH or Traditional IRA
   Checkmark  Competes well with Bank CD's and other annuities
   Checkmark  $1,000 minimum deposit

8 Year Annuity
   Checkmark  8 year surrender period (9%, 8%, 7%,6%, 5%, 4%, 3%, 2%, 0%)( Surrender Charge ends after 8 years)
   Checkmark  One year initial rate guarantee
   Checkmark  10% penalty - free withdrawals
   Checkmark  $1,000 minimum deposit for single premium annuity
   Checkmark  Nursing home rider-Access an additional $25,000 from your account to pay for nursing home expenses without penalty

8 Year Flexible Premium Annuity
   Checkmark  All the same features as the regular 8 year annuity except a minimum of $300/yr ($25/mo) premium.
 
*Not available in all states. Ask your representative about availability in your state.

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