Not Exempt IRA
Annuity of retired individuals qualifies for a premium flexible.
Product summary
Individual plan
The IRS Not Exempt is an account or annuity of individual retirement where the contributions and interest differ until you withdraw them.
The options for distribution will be available when you reach the age of 60 years. A deposit of a minimum of $300.00 is required to initiate.
Benefits
- Deduction for contributed to an account or annuity of IRS is of $5,000, off your net gross income, adjustment of that taxpayer, for the concept of salaries on the attributable earnings to professional or the occupations, whichever is minor. In case of married that files tax forms together, the deductions are of $10,000 or the net income adjusted for the concept of income, and the attributable incomes due to professions or occupations, whichever is less. In this case, the maximum annuity for each spouse is $5,000.
- Interest and contributions that are realized by deferred until the funds are withdrawal.
- The principal is guaranteed and is not affected by the market’s fluctuations.
- $0 charge for the opening and maintenance of the annuity.
Contract dispositions
- An initial deposit of $300.00 or monthly payment starting at $25.00 if it by automated agreement. After wising you may continue payments as you wish, subject to the required minimum deposits established by COSVI.
- The annual individual contribution may not exceed the maximum established by the Income Tax Contribution Law.
- You can make three deductions of your payroll, checking account, savings account, and credit cards.
Payment methods
These are the payment methods available to purchase your plan.
Frequently asked questions
We leave you some of the most frequently asked questions about our plans
How much time do I have to settle a claim for death or inability?
You should settle your claim no later than 24 months from the date of your death or incapacity.
To whom the Funeral benefits are paid and what documents I must give?
The benefits paid to the person who incur expenses and that presents a copy of birth certificate, death certificate and receipts of expenses of the funeral.
Are the nuclear tests covered under the School and the Special Accidents Policy?
No, only covers X-Ray.
Is it necessary to pre-certificate the services under School and Special Accidents Policy?
No, is a policy of reimbursement, why which no services are pre-certified.
Where can I settle the claim as a member of the Cooperative that acquire an insurance?
You should settle your claim at the Cooperative of Saving and Credit, where you obtain your policy.
What are the methods of payment are available in COSVI?
• Payment methods are: • Direct debit to your checking or saving accounts, VISA, MasterCard, or Discover. • Telepay for Banco Popular de Puerto Rico clients. • By telephone through our system of Call Center Pay use their checking or savings accounts, or credit cards (VISA, MasterCard, or Discover) getting in touch with one of our specialists at the Customer Service Center at 787-751-2828. Thru mail with checks and money order at the following address: Cooperativa de Seguros de Vida de Puerto Rico (COSVI) Attention to: Billing and Collections P.O. Box 71362 San Juan, Puerto Rico 00936-8462
Steps to acquire your insurance
In just three steps, you can get the policy you are looking for.
Initial Consultation
In your initial orientation appointment, the objective is to establish good relations hear youcarefully and make adequate questions to know which you are needs a free consultation.
Evaluation
Depending on your needs, we evaluate the different products beneficial for you.
Presentation
Besides your resume, we will continue to evaluate all information provided to recover your situation and confirm your needs. We propose an action plan that identifies and explains different products and alternatives that meet your needs. If you agree with our recommendations, we help you get the product.
Orientación Inicial
En la cita inicial el objetivo es establecer una buena relación, escucharle detenidamente y hacerle las preguntas adecuadas para saber cuáles son sus necesidades.
Evaluación
Dependiendo sus necesidades, se evaluarán los diferentes productos de mayor beneficio para usted.
Presentación
Además, de resumir la situación, confirmar sus necesidades se procede a evaluar toda la información provista, se presenta un plan de acción en el que se identifican y explican los diferentes productos y alternativas que satisfagan sus necesidades. Si usted está de acuerdo con las recomendaciones, se le ayuda adquirir el producto.
What our clients are saying
Look what are insured have to say about our policies and our services.
I was treated very kindly and promptly.
Very well located and a wide variety of insurance products.
Good service, I won't let them.
Tremendous company. It is by appointment, at the moment, they are very helpful and fast, you do not waste time. Make an appointment by phone and that's it!!! Good service.
Excellent customer service.
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