Access SPDA
United Life Insurance Company
10%
Free W/D
47
States
A single premium deferred annuity that locks in a guaranteed interest rate for 3 or 5 years, designed for financially conservative investors who want predictable growth without market risk and aren't prioritizing immediate liquidity.
Free Withdrawal
10%/yr
Available In
47 states
Min Premium
$5,000
Surrender
6 years
Key Features
Guaranteed Interest Rate
Varies by product and rate environmentFixed rate guaranteed for the entire guarantee period (3 or 5 years), matching the surrender charge period
No Front-End Charges
$0100% of your premium is working for you from day one with no sales charges or annual fees
Tax Deferral
Deferred until withdrawalGrowth accumulates tax-free until you withdraw, allowing compounding on money that would otherwise go to taxes
Surrender Charges
Declining annuallyGraduated declining charges (8%, 7%, 6% for SPDA-3; 8%, 7%, 6%, 5%, 4% for SPDA-5) apply to excess withdrawals during guarantee period
Free Withdrawal Options
Up to 10% or interest annuallyAccess prior year's accumulated interest, or 10% of accumulated value annually, plus Required Minimum Distributions, without penalty
Market Value Adjustment
Based on treasury rate movementAdjustment applied to early withdrawals based on interest rate changes—positive if rates rise, negative if rates fall
Nursing Home & Terminal Illness Waiver
Up to $200,000 lifetimeSurrender charges waived if annuitant enters nursing home or receives terminal diagnosis (max $50,000/year, $200,000 lifetime)
Issue Ages
0–100 (SPDA-3) or 0–89 (SPDA-5)SPDA-3 available ages 0–100; SPDA-5 available ages 0–89
Premium Tiers
Two-tier pricingTier 1: $25,000–$99,999; Tier 2: $100,000+ receives higher guaranteed rate
Annuitization Options
Multiple payout options availableConvert to income via period certain, life, life with period certain, life with cash refund, or joint & survivor
Highlights
Guaranteed fixed interest rates for 3 or 5 years with no market risk
No front-end charges or annual fees — 100% of your money works immediately
Tax-deferred growth allows you to earn interest on interest and defer taxes to retirement years
Flexible withdrawals including free access to prior year's interest and waiver of charges for nursing home or terminal illness
Surrender Schedule
Yr 1
6%
Yr 2
5%
Yr 3
4%
Yr 4
3%
Yr 5
2%
Yr 6
1%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Financially conservative investors age 65+ (especially) who prioritize guaranteed growth over liquidity, want predictable returns, and can commit funds for 3–5 years without needing flexibility.
Consider Alternatives If
Investors who need immediate liquidity, require frequent access to funds, are uncomfortable with market value adjustments, or are seeking growth tied to market performance.
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