Hermann Sons Life is a fraternal benefit life insurance society chartered by the State of Texas, organized under 501(c)(8) of the Internal Revenue Code and regulated by the Texas Department of Insurance. Membership is conferred by a local lodge with the approval by the Home Office of a life insurance contract or annuity. Hermann Sons Life is a not-for-profit corporation. Certain benefits are available to members, but these benefits are not intended as an inducement to buy life insurance. Life insurance always should be purchased on its own merit for the needs and goals of the individual buyer. Hermann Sons Life is licensed in Texas only.

ANNUITIES DISCLOSURE

In compliance with the U.S. Department of Labor fiduciary guidelines, statements made herein are intended to advise potential purchasers of qualified annuities from Hermann Sons Life about the plan features. Items such as commissions to agents, fee structure, early surrender penalty provisions and allowable withdrawal options are stated in the annuity contract application and associated required forms at the time of purchase.

Products

Our agents sell only Hermann Sons Life products. No third party products from other entities are sold. We offer 5-year and 9-year fixed rate annuities, both qualified (IRAs) and non-qualified. We recommend that you consult with your tax advisor before taking action on any retirement investment vehicle.

Agent Commissions

We pay our agents a 3% commission on all first-year contributions into fixed rate annuity products. No other commissions are paid after the first contract year. Commissions are not deducted from the member’s contributions or account value.

Fees

No charges or fees are assessed upon issuance of an annuity contract. No annual maintenance charges or administration fees are assessed. A service fee of $5 per check payment may be charged for account disbursements.

For more information, a Fixed Rate Deferred Annuity Buyers Guide will be provided upon request.