SNL - Security National Life
Funeral Insurance Products
20 Year Tax Deferred Annuity
Our 20-year tax deferred annuity allows any applicant to pay a lump sum payment or an installment of payments and is usually used to fund a pre-paid funeral contract. The policy grows at an annual interest rate of 4% per year. (Policies issued before 1/1/02 are subject to different terms)
The policy is designed for persons who are pre-arranging for their funeral needs and/or for persons desiring a tax shelter.
There is no maximum eligibility age for this policy.
Memorial Insurance Company of America is a legal reserve whole life insurance company licensed to do business in the State of Arkansas only.