NON-INSURANCE FINANCIAL PRODUCTS

THE INDIVIDUAL REGISTERED PENSION  PLAN  is a savings plan where regular deposits accumulate with interest to a maturity . 
Participating  Registered Pension Plan contracts in addition to guaranteed interest share in the surplus earnings distributed by the Association. 
Surplus earnings are credited before and after maturity age.  Four plans are offered –maturity at age 60 or age 65 for both males and females. 
Pension  Plans can be purchased with single premium or with deferred annual payments.  All premiums are tax deductible.  Under this plan
members are admitted between ages 18 and 55. 

STRAIGHT LIFE ANNUITY.  Provides a life income.  Payments cease with the last regular payment preceding the annuitant’s death and nothing
further is payable.  It pays the highest level of income per $1,000.00 of purchase  price and probably appeals to those who desire the highest
income possible or have no dependents to consider. 

LIFE ANNUITY WITH GUARANTEED NUMBER OF PAYMENTS.  Pays a life income and provides that if the annuitant dies before the
expiration of a stipulated period (usually 10, 15 or 20 years) the balance of the guaranteed amount.    

JOINT AND LAST SURVIVOR ANNUITY.  Provides annuity income throughout the lives of two persons, with the full amount of the income
payable to the survivor for his or her remaining lifetime.

TERM CERTAIN ANNUITY.  As the name indicates, a term certain annuity provides annuity income over a specified period, such as 5, 10 or 20 years,
or over a period ending at a specified age of the annuitant.  If the annuitant dies within the period, the income payments continue to the end of the
period or are commuted and paid in a single sum representing the present value of the balance of the income payments.