Performance SPDA
United Life Insurance Company
46
States
A fixed-rate deferred annuity that guarantees your interest earnings for either 3 or 5 years, designed for conservative investors who prioritize competitive crediting rates over frequent access to their money.
Available In
46 states
Min Premium
$25,000
Surrender
7 years
Key Features
Guaranteed Interest Rate
See current Interest Rate BulletinFixed rate locked in for your chosen guarantee period (3 or 5 years), providing predictable growth without market risk
No Front-End Charges
0% front-end cost100% of your premium begins earning interest immediately with no load or annual fees
Tax Deferral
Defer taxes until withdrawalYou pay no taxes on earnings until you withdraw them, allowing compound growth on money normally paid in taxes
Minimum Premium Tiers
$25,000–$99,999 or $100,000+Choose between two premium levels, with higher rates available for larger deposits
Market Value Adjustment
Applied to excess withdrawalsInterest rate changes since purchase are reflected in the amount you receive if you withdraw early, protecting the company and other policyholders
Free Withdrawal Options
No surrender charge for RMDsWithdraw Required Minimum Distributions penalty-free, or choose to withdraw prior year's interest or up to 10% of accumulated value annually
Nursing Home & Terminal Illness Waiver
$50K/year or $200K lifetime (not available in CA)If confined to a nursing home or diagnosed with 12-month life expectancy, surrender charges are waived up to $50,000/year or $200,000 lifetime
Surrender Charges
SPDA-3: 8,7,6% | SPDA-5: 8,7,6,5,4%Declining penalties apply if you withdraw more than allowed during the guarantee period
Issue Ages
SPDA-3: 0–100 | SPDA-5: 0–89Available to a broad range of ages from newborns to seniors
Annuitization Options
6 annuitization choicesConvert accumulated funds into lifetime income through multiple payout structures including life-only, period certain, joint survivor, and full cash refund options
Highlights
Fixed guaranteed interest rates for 3 or 5 years with no market risk
100% of your money works for you from day one with no front-end charges or annual fees
Tax-deferred growth lets you earn interest on principal, interest, and taxes you'd normally pay
Included nursing home and terminal illness waiver eliminates surrender charges in qualifying situations
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
Yr 6
3%
Yr 7
2%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Financially conservative investors age 65+ who prioritize guaranteed, competitive interest rates and don't need frequent access to their funds during the 3–5 year guarantee period.
Consider Alternatives If
Investors who are uncomfortable with the risk of a negative Market Value Adjustment or who need high liquidity and frequent withdrawal access should consider the Access SPDA instead.
Carrier Ratings
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