| Guaranteed Annual Income |
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Continued How it works: You make a gift. this can range from as little as $10,000 to virtually unlimited amounts. You receive a fixed payment for the rest of your life or for two lives if share with another person. Your rate is determined by your age. Interest rates are slightly lower for two-life gift annuities.
You choose the beneficiary for your gift annuity. At the time of your death, the remainder is distributed to the ministry of your choice. Literally hundreds of options exist. Ranging from your own congregation to any other ministry of the ELCA. |