Century 8 Annuity
The Slovene National Benefit Society introduced the Century Series plan of annuities in October 2003.
In addition to the features available with the traditional SNPJ annuity, the Century Series annuity offers SNPJ members greater choices and more liquidity than ever before. SNPJ Century Series annuities purchased after December 31, 2011, feature 1.25% minimum interest; the current yield varies by plan.
While the SNPJ Century 8 annuity carries an eight-year early withdrawal penalty, it offers the highest interest rate of the Century Series annuities. The table below highlights the SNPJ Century 8 annuity:
The SNPJ Century 8 Annuity
| Current Annual Yield |
Min./Max. Deposits Per Yr. |
Penalty for Early Withdrawal |
| Year |
Penalty |
| 3.25% |
$2,000*/$300,000 |
1 |
8% |
| |
|
2 |
8% |
| |
|
3 |
7% |
| |
|
4 |
6% |
| |
|
5 |
5% |
| |
|
6 |
4% |
| |
|
7 |
3% |
| |
|
8 |
2% |
* $2,000 minimum annuity deposit required for non-members to become SNPJ members; less for existing members.
SNPJ Century Series annuities also feature 1.25% guaranteed minimum interest, additional surrender options and additional deposits. Withdrawal penalties are waived for the following: 10% of the cash value in any penalty year, and withdrawals due to death, disability and nursing home expenses.
The SNPJ Century Series annuity is approved in the following states: Colorado, Illinois, Indiana, Kansas, Michigan, Missouri, New Mexico, Ohio, Pennsylvania, West Virginia and Wisconsin.