Your Investment is Safe With MBA!


ANNUITIES

  • In Business since 1913

  • Regulated by the State of Delaware Insurance Department in accordance with all of the rules and regulations of the National Association of Insurance Commissioners (NAIC).

  • All annuities, IRAs and life insurance certificates are reserved in accordance with insurance department laws.

  • The Association's Solvency Ratio (surplus of Assets over Liabilities) exceeds the average in the insurance industry.

  • The Association holds investments in the following:

    Government Securities
    High Grade Municipal Bonds
    High Grade Corporate Bonds

An MBA tax-deferred annuity is simply a contract between you and MBA in which you invest a sum of money for a period of time, i.e. when you reach age 59 or retirement. Your principal is guaranteed by MBA, and during the period you hold your annuity you earn interest monthly, based on MBA's then-current rate, which is adjusted quarterly.

MBA's guarantee means that your principal and interest are backed by the legal reserve of a top-rated fraternal insurance carrier. MBA pays competitive rates and offers investors a number of options for withdrawing principal and interest. Your earnings are tax-deferred until you start receiving them. With MBA you can use your annuity as an IRA (Traditional or Roth) or as a tax-deferred savings plan.

Tax-Deferred Savings Plan
This offers the investor an additional savings vehicle whereby the individual earns a high current rate and still saves on taxes. On this annuity plan all interest earned is tax-deferred until such time as withdrawals are made. Payments are flexible and deposits may be made to the account at any time.

Traditional IRA
This enables eligible individuals with earned income to invest up to $5,500 ($6,500 age 50 or older) per year in an IRA Annuity. If an eligible individual has a non-working spouse, contributions between these two IRAs are allowed up to $11,000 per year. If eligible, the contribution is 100% tax-deductible as an "Adjustment to Income."  MBA also accepts Rollovers or Transfers from qualified accounts with other institutions. 

Roth IRA
This enables eligible individuals with earned income to invest up to $5,500 ($6,500 age 50 or older) per year in a Roth IRA. Roth IRA contributions are nondeductible. Qualified distributions are tax-free when held for at least five years. No distributions are required during the account holder's lifetime and contributions may be made after age 70. Contributions may be made to both a Roth IRA and a Traditional IRA, as long as the total contributions do not exceed $5,500 for the tax year. 

 

 

 

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