Eagle 3 Annuity

Eagle 3 Introduction

The Eagle 3 annuity from United Heritage Life Insurance Company is a single premium deferred annuity contract that is designed to allow your assets to grow safely at a competitive rate. The Eagle 3 annuity allows you to build funds for retirement, defer income taxes, and transfer wealth. The Eagle 3 annuity is an ideal way to provide for a more financially secure future and a comfortable retirement. The Eagle 3 annuity is a safe, secure vehicle that is designed to fit your financial plans in a wide variety of areas. Like many of United Heritage's annuities, it is ideal for a rollover of qualified plans such as individual retirement accounts, and for non-qualified plans.

Interest Rates

The Eagle 3 annuity offers a competitive interest rate and a first-year bonus. The interest rates of our annuities have a one-year rate guarantee. Once an interest rate is declared, your contract is guaranteed to hold that rate until the next policy anniversary. Ask your representative for the interest rate that would apply to your contract today.

Tax Deferral

One of the key advantages of annuities is the power of tax deferral. Unlike many other financial instruments, annuities allow you to defer the taxation of the interest that is credited to your annuity. You money grows free of current taxes each year. Usually taxes will only be paid when you make a withdrawal or receive income from your annuity. Also, all of your money goes to work for you in an Eagle 3 annuity since there are no sales charges or administrative fees to reduce the value of your annuity.

Each year you will receive an annual statement of your account activity. United Heritage Life will credit interest to your annuity, compounded daily, to provide an effective annual yield.

With annuities you have the power of triple compounding; your principal earns interest, your interest earns interest, and the portion that you would have otherwise paid in taxes earns interest.

Issue Age & Premium Requirements

The Eagle 3 annuity can be issued through age 90 and can be started with as little as $3,000. The maximum issue amount is $250,000 without home office approval.

Withdrawal Options

The Eagle 3 annuity offers attractive liquidity features. While you are accumulating interest in your annuity you have the choice of three penalty-free withdrawal options during the first seven years.

You may make one withdrawal in any contract year of as much as 10% of the accumulated contract value without surrender charges.

You may increase the free withdrawal amount up to an additional 10% for each of the consecutive preceding years in which no withdrawal was made, to a maximum of 50%.

Or you may take systematic withdrawals, of either a specified dollar amount or a percentage of the account value, up to a maximum of 10% per year, in monthly, quarterly, semi-annual or annual payments.

A third option is the ability to take the earned interest in monthly, quarterly, semi-annual or annual payments, providing you with an income while allowing you to conserve your principle.

Withdrawals of interest are taxable, and withdrawals prior to age 59 1/2 may incur a 10% IRS penalty. Consult your tax advisor for current IRS regulations.

Hospital/Nursing Home Waiver

United Heritage Life will waive any withdrawal charges if, after the policy issue date, the annuitant becomes hospitalized or confined to an eligible convalescent care facility for thirty consecutive days. May not be available in all states.

Withdrawal Charges

As your Eagle 3 annuity grows each year, the percentage of withdrawal charges decreases to "0", at which point you have a maximum flexibility of your contract. Until then withdrawals or surrenders in excess of the allowable free withdrawal percentage will incur a penalty based on the following schedule:

Contract Year:	1	2	3	4	5	6	7	8+
Withdrawal Charge %:	8%	7%	6%	5%	4%	3%	2%	0%

Annuitization Options

When you are ready to receive regular income payments from your Eagle 3 annuity, you have several options. This is known as annuitizing your contract.

Annuitization options include, but at not limited to: income for the rest of your life, no matter how long you live; income for your life and that of another person; or income for a specified number of years.

At anytime after contract issue you may elect to annuitize your annuity into an income stream of payments.

No withdrawal charges may apply if you annuitize your contract after the surrender period, ask your representative for complete details. Remember that withdrawals may be taxable and a 10% IRS penalty may apply to withdrawals prior to age 59 1/2. Refer to your contract for a full explanation of annuitization options.

Death Benefits

The Eagle 3 annuity from United Heritage Life will waive any withdrawal charges in the event of the death of the owner or the annuitant.

Prior to annuitization, the death of the annuitant will result in the entire annuity value passing to the designated beneficiary. Upon the death of a non-annuitant owner proceeds will be payable to any joint owners if living, otherwise, proceeds will be payable to the annuitant named in the policy. If the beneficiary is a spouse, he or she may elect to continue the contract as the new owner instead of receiving beneficiary benefits. When proceeds are paid to a named beneficiary the proceeds are paid outside of probate.

Additional Information

Under current tax law, withdrawals are treated by the IRS as having been paid first from interest earnings which are taxable to the owner as regular income. Withdrawals taken before the owner reaches age 59 1/2 may be subject to a 10% IRS penalty on the taxable portion.

Eagle 3 may not be available in all states, ask your representative.

United Heritage Life Insurance Company and its representatives do not give legal, tax, or accounting advice in consideration of or in conjunction with the purchase of these products.

If you would like information about any of the Products United Heritage has to offer Contact Us or Locate an Agent in your area.