Determine if you and your spouse will need to supplement your Social Security and pension benefits with a steady stream of income, if so, North Coast Life's Single Premium Deferred Annuity was designed for you.

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Retirees often purchase single-premium deferred annuities with funds received from bank or brokerage firm CDs or IRAs, an employer-sponsored retirement plan, the proceeds from a savings account, the cash value or death proceeds of a life insurance policy, or the proceeds from the sale of a home. IRAs, 401(k)s and other qualified retirement plans require minimum distribution of the funds starting at age 70 ½ in order to avoid immediate taxation. North Coast Life's Single Premium Deferred Annuity is an excellent choice for meeting these distribution requirements and was created to be one of the most secure lifetime income plans on the market today, with a variety of flexible guaranteed payout options.

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In today's world, safety is more important than ever. You can be assured that with North Coast Life's Single Premium Deferred Annuity, your consideration is invested wisely. 97% of policyholder reserves are invested in safe, investment grade bonds. North Coast Life has the financial strength and stability consumers need when making an important decision like buying life insurance and annuities.

Retirement planning involves more than reaching a specific savings goal, particularly since you can't predict how long your retirement will be. To prepare for your future, North Coast Life's Single Premium Deferred Annuity has the options for income needs with tax deferral in your retirement, giving you the choice to decide which one best meets your needs. Ask a North Coast Life Representative to help make the right income payment choice. Although life is unpredictable, good planning can help you have a financially secure retirement.

Single Premium Deferred Annuity - Bailout Interest Rate SPDA - BIR PLAN

#1 - The bailout provision will waive surrender charges within 60 days after the effective date of any interest rate that is equal to or falls below the bailout interest rate which is stated on the policy specifications page.

#2 - The above plan will be issued with a Nursing Home Rider providing the owner's age is 75 or younger at the time of the issue. After the owner has had 60 consecutive days of confinement to a Nursing Home, additional partial withdrawals are available without a surrender charge.

#3 - The policy owner is permitted to withdraw interest credited free of a surrender charge. As an alternative, each year, after the first year, the policy owner is permitted one withdrawal from the account value free of any surrender charge. The maximum amount of the free withdrawal is 10% of the accumulation account. No free withdrawal is permitted if it would reduce the accumulation account below $10,000.

This page provides a brief review of key points of the above noted annuities. Please review the actual annuity policy for specific information.

DEFINITIONS

Annuitized Value is the gross payments less the policy fee, if any, compounded annually with interest. It is the amount paid as a death benefit provided it exceeds the total premiums paid to that date. It is also the value used to calculate the monthly income available under the policy settlement options.

Cash Value is the amount the owner would receive if the policy is surrendered. It is also the value used to calculate the monthly income available under the policy settlement options. The cash value and annuitized value are the same on and after the 10th policy anniversary.

Monthly Income is the monthly life income produced from the guaranteed cash value to provide life income at age 65, using Option 2, Life Income, as shown in the policy.

Projected Income(current rate, not guaranteed) is the monthly income produced from the projected cash value to provide life income at age 65 at the current rate.

The Single Premium Deferred Annuity annuity can be written in IRA, SEP-IRA, 401(k), Pension and Profit Sharing Plans, as well as non-qualified plans.

Upon annuitization (in applicable states), a premium (contribution) tax is deducted.