Promise 5 Annuity
Whether you’re planning for retirement, preserving assets, or seeking a safer alternative to market-based investments, the SNPJ Promise Series Annuities offer a simple and reliable solution. With principal protection, tax-deferred growth, flexible contributions, annual access to a portion of your funds without surrender charges, beneficiary benefits, and options for guaranteed lifetime income, the Promise Series is designed to help you save with confidence and prepare for the future.
The SNPJ Promise 5 Annuity is an excellent choice for individuals seeking principal protection, tax-deferred growth, and greater flexibility through a shorter surrender period. Designed for those who may want access to their funds sooner, the Promise 5 combines competitive interest rates with flexible contribution options, annual penalty-free withdrawal opportunities, and lifetime income options. A minimum initial deposit of $2,000 is required for non-members for SNPJ membership.
Promise Series annuities issued on or after April 1, 2026, feature a 2.50% lifetime guaranteed minimum interest rate, flexible contribution options, and enhanced access to contract values. Annuity owners may withdraw up to 10% of the contract value annually without surrender charges during the surrender period. In addition, surrender charges may be waived in certain situations, including death, qualifying disability, or nursing home confinement, subject to contract provisions.
The SNPJ Promise Series annuity is approved in the following states: California, Colorado, Florida, Illinois, Indiana, Kansas, Michigan, Missouri, New Mexico, Ohio, Pennsylvania, West Virginia, and Wisconsin.
