MUM’s gift annuities are fully guaranteed by major insurance companies rated “Superior” by A.M. Best, including:
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COMPARE
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Annual Return on Investment
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Guaranteed Quarterly Payments
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Guarantor’s Financial Strength Rating of Superior
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Tax-Free Income & Deduction
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Supports MUM Expansion
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MUM Gift Annuity
Best of Both Worlds
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4.40%1
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Yes
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Yes
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Yes
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Yes
|
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5-Year Jumbo CD
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0.97%2
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No
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Some
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No
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No
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10-Year T-Bond
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1.74%3
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No
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Yes
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No
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No
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Mutual Funds
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0.13%4
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No
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No
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No
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No
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S&P 500 Index
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0.36%5
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No
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No
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No
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No
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- Return for person age 60 on a single-life annuity. Rates range from 3-9% depending on age and whether for one or two people.
- Source: Bankrate, US national average, 11/6/12.
- Source: Bankrate, 11/6/12.
- Source: Morningstar, all fund categories’ average annual return over past 5 years, 11/6/12
- Source: Standard & Poor’s Financial Services, average annual total return over past 5 years, 11/5/12
How it works:
- You make a donation for an annuity (min. $10,000)
- You receive quarterly annuity payments at a rate much higher than other secure investments such as CDs and Treasury bonds
- Payments continue throughout your lifetime – and if applicable, your spouse’s as well
- Your income is fully guaranteed by a top-rated insurance company
- You receive major tax benefits
- A major portion of your annuity income is tax-free
Check our user-friendly calculator to see your annuity rate and tax benefits, and visit our FAQ.
For more details, contact Nick Rosania or David Todt at 641-472-1180, or email us at annuity@mum.edu.