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Deferred Income Annuity Makes Repeat Appearance; MEMBERS Zone Annuity Debuts in New Floor-Style Category
MADISON, Wis. – CUNA Mutual Group announced that Barron’s included several of its products in “The 100 Best Annuities” feature. The MEMBERS® Future Income Annuity, which turns a lump sum of money into a lifelong income stream, appeared on the publication’s Deferred Income Annuity pension and longevity lists for the second consecutive year. In addition, the MEMBERS® Zone Annuity, which lets investors control their maximum potential annual loss, debuted on the publication’s first-ever Floor-Style list.
According to Barron’s, “without thoughtful selection, investors can find themselves locked into unwanted contracts that are illiquid, or that charge high fees.” The article states Barron’s looked for “competitive” products with an A.M. Best financial strength rating of A- or above.
“We are honored to be ranked among the top annuities in three different Barron’s product categories,” said David Hanzlik, CUNA Mutual Group vice president of annuity and retirement solutions. “The article makes the point that annuities are complicated—and they can be—but we work hard to create easily understood products that working Americans can incorporate into their financial plans to control risk and provide guaranteed income. It’s always nice when your hard work is recognized.”
The MEMBERS® Future Income Annuity and the MEMBERS® Zone Annuity are sold through licensed representatives. To learn more about the annuity’s benefits, costs, and other important information, call 888.888.3940, or visit cmannuities.com/products.
About CUNA Mutual Group: CUNA Mutual Group is a financially strong insurance and financial services company enabling people to make financial decisions that work for them. The company was built on the principle of “people helping people” and the belief that a brighter financial future should be accessible to everyone. For more information, visit www.cunamutual.com.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Annuities are issued by CMFG Life Insurance Company (CMFG Life) and MEMBERS Life Insurance Company (MEMBERS Life) and distributed by their affiliate, CUNA Brokerage Services, Inc., member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, IA, 50677. CMFG Life and MEMBERS Life are stock insurance companies. MEMBERS® is a registered trademark of CMFG Life. Investment and insurance products are not federally insured, may involve investment risk, may lose value and are not obligations of or guaranteed by any depository or lending institution. All contracts and forms may vary by state and may not be available in all states or through all broker/dealers. Base Policy Forms ICC13-DIA, ICC13-DIA(B) and 2013-DIA. Base Endorsement Forms: ICC14-ISDCHNG, 2013-ISDCHNG, ICC13-ACCEL, ICC13-ACCEL(B), 2013-ACCEL and 2012-SPDMGIA.
Before investing, clients should consider an annuity’s investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus contains this and other information about the company and should be read carefully before investing. For more product related information visit us at cmannuities.com/products