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
Are the nuclear tests covered under the School and the Special Accidents Policy?
No, only covers X-Ray.
The IIT policy does it have a waiting period?
Yes, it does have a waiting period. If the claim is denied due to the pre-existence of the personal loan and the member has had a loan before.
What is a beneficiary?
Is the person designated to receive the insurance in case of your death.
What is the cost of a Life Insurance?
The premium is the amount established that you must pay as owner of the policies, and it will depend on what type of insurance and the endorsement you need. For more information, you can get in touch with an Authorized Representative.
What should I do if I want to reinstate my life policy?
You just have to fill out the Reinstatement Application and send it in original format, with the payment of all premiums owed by regular mail to: Puerto Rico Life Insurance Cooperative, COSVI Attention Issuance Department PO Box 363428 San Juan, P.R. 00936-3428. You can also deliver it to any of our offices or through your Authorized Insurance Representative.
Does the policy of cancer and pernicious illnesses coordinate payments with medical and Medicare plan?
No, cancer and pernicious illness policy are through reimbursement of medical expenses.
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.
Excellent customer service.
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.
Good service, I won't let them.
Very well located and a wide variety of insurance products.
I was treated very kindly and promptly.
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