Single-Premium Deferred Annuity for Simple, Secure Investing

We’ve raised our annuity rates!

Our Single Premium Deferred Annuities provide you with great rates and your principal is secure. For more information, call us at 800-628-6011 or schedule an appointment today! 

Single Premium 5 Year Lock *7 Year Lock *10 Year Lock
$10,000 to $24,999 3.10% 3.10% 3.25%
$25,000 to $99,999 3.40% 3.40% 3.50%
$100,000 to $1,000,000 3.50% 3.50% 3.60%

*1% premium bonus for 7- and 10-year locks.
Effective: 2/4/2019

The Navy Mutual Single Premium Deferred Annuity (SPDA) is a fixed annuity that provides tax-deferred interest accumulation on a single lump-sum deposit between $10,000 and $1,000,000. The SPDA features a "lock-in period” option of 5, 7, or 10 years, with interest rates that are fixed for the duration of the lock-in. SPDAs pay better interest rates for longer lock-ins and higher premium amounts. When an annuity is purchased with a lock-in period of either seven or 10 years, Navy Mutual will add an automatic bonus 1% of your single premium contribution.

You cannot lose money with a Navy Mutual annuity. In addition to the return of premiums paid (less withdraws), the minimum guaranteed interest credited to the contract will be 1%.

After the SPDA has been in effect for one year, the owner may make annual withdrawals of up to 10% of the accumulated value (up to four withdrawals may be made each year without charge). Once the plan reaches the end of the lock-in period, the annuity owner can opt to continue the annuity or cash out the annuity in staggered payments or a lump sum. Earnings generated within a Navy Mutual SPDA do not create an income tax liability until payments are distributed from the annuity.

Features SPDA
Minimum Single-Premium Deposit $10,000
Maximum Single-Premium Deposit $1,000,000
Surrender Charges None
Interest Rate Lock-in Periods 5, 7 & 10 Years
Premium Bonus Available Yes, for 7 & 10-year Lock-in Periods
Market Value Adjustment Yes, for Lock-in Period

Learn more about the Navy Mutual Single-Premium Deferred Annuity

If you have any questions about annuities, contact Navy Mutual today.