Gift Annuity

A superior risk-free return on your savings

MUM’s gift annuities are fully guaranteed by major insurance companies rated “Superior” by A.M. Best, including:

 ANNUAL RETURN ON INVESTMENTGUARANTEED QUARTERLY PAYMENTS GUARANTOR’S FINANCIAL STRENGTH RATING OF SUPERIORTAX-FREE INCOME AND DEDUCTIONSUPPORTS MUM EXPANSION
MUM Gift Annuity4.70%yesyesyesyes
Five year Jumbo CD0.86%nosomenono
Five year T-bond1.66%noyesnono

Notes:

  • ANNUITY: Return for person age 65 on a single-life annuity. Rates range from 3-9% depending on age and whether for one or two people.
  • CD Source: Bankrate, US national average, 1/27/16.
  • T-BOND Source: Bankrate, 1/27/16.

How it works:

  • You make a donation for an annuity (min. $20,000)
  • You receive quarterly and annuity payments at a rate much higher than other secure investments such as CDs and treasury bonds
  • Payments continued throughout your lifetime – and if applicable, your spouses as well
  • Your income is fully guaranteed by a top-rated insurance company
  • You receive major tax benefits
  • A major portion of your annuity income is tax-free

To get started:

See our user friendly Gift Annuity calculator page:

For more details:

Contact Nick Rosania at 641-472-1180, or send an email to annuity@mum.edu