Multi-Year Guarantee Annuity

This MYGA has a few great features, clients can choose one of three guarantee periods. This MYGA has NO market value adjustment, a great advantage in an ultra low interest rate environment. This carrier was established in 1895, has over 1 billion in assets and a 19% surplus. Get appointed to sell this one before the rate is gone.   

Company Ratings:

• A- (excellent) by A.M. Best

Guaranteed Periods To Choose From:

• 3 Years, 5 Years or 6 Years

Interest Rate:

• 3 Year:
  2.60% Guaranteed For 3 Years
• 5 Year:
  3.10% Guaranteed For 5 Years
• 6 Year:
  3.25% Guaranteed For 6 Years ($100K+)
  3.20% Guaranteed For 6 Years ($20K - $99.9K)

Surrender Charges - NO MVA:

• 3 year period:
  8%, 7%, 6%, then a 30 day exit window
• 5 year period:
  8.5%, 7.5%, 7%, 6%, 4%, 0% Thereafter
• 6 year period:
  8.5%, 7.5%, 7%, 6%, 5%, 4.5%, 0% Thereafter

Minimum Deposit:

• $20,000
• $50,000 on the 3 year
• Maximum Premium $300,000 without carrier approval

Issue Age:

• 0-99 (NQ) Owner ONLY
• 8-85 Annuitant and Qualified

Approved in all states except:

• AK, AL, HI, IA, LA, MA, NH, NY

Free Withdrawal:

• Monthly Interest Available If the accumulation value of the certificate is at least $20,000, you may elect to automatically receive your interest earnings every month.Additional Withdrawals
• In addition to monthly interest withdrawals, a partial withdrawal of at least $500 can be requested at any time prior to the maturity date of the certificate as long as the accumulation value does not fall below $10,000.
  (Penalty may apply if great than free withdrawal available.)

Death Benefits:

• Confinement Terminal Illness Waivers
  Full Death Benefit if owner and annuitant are same.
  Surrender Value if owner is over 75 & not annuitant.

Commission:

• 3 Year:
  1.50% (0-75) 1.00% (76-85)
• 5 Year:
  2.00% (0-75) 1.70%  (76-85)
• 6 Year:
  2.75% (0-75) 1.45% (76-85)
  (reduced on premiums $5,000 - $19.999.99