Company Information
Company Name
Family Benefit/Trinity Life
Product Name
Trinity Life-Family Benefit Max I
Description
This is a single premium, fixed annuity with a five-year rate guarantee. It accepts both qualified and non-qualified funds. No automatic renewal of the contract. At maturity, the account remains completely liquid with a 3.00% minimum lifetime guarantee.
AM Best Rating
B++
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
15% / 15%
Rate
4.85%
Term
5 Years
Minimum Investment
$ 5,000
Maximum Investment
$500,000 without prior approval
Maximum Age
90
Surrender Schedule
7%, 6%, 5%, 4%, 3%, 0%
What We Like About This Annuity
Great liquidity features. Contract offers 15% liquidity in all years and full account value at death. Very low minimums to start. Policy also offers a 3.00% minimum lifetime guarantee at maturity with no automatic renewal required.
Notable Features
Included at no cost is an Extended Care Endorsement. It provides for a waiver of surrender charges if the owner (age 75 years or younger) is confined to a hospital or extended care facility for 30 consecutive days.
Other Popular Products
Other than fixed annuities, Family Benefit and Trinity Life also offer several life insurance products designed to cover funeral and burial expenses.
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About Trinity Life & Family Benefit Life
These sister insurance companies both offer annuity and life insurance products. Their products mirror each other while allowing consumers to diversify between the two companies.
They are headquartered in Tusla, OK under their parent company First Trinity Financial which first began operations in 2007. They strive to provide competitive products across the US for protection, savings, and growth.