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" by A.M. Best

Interest Rate Options:

• 3 Year: 2.00% ($50,000+)
• 5 Year: 2.50% ($10,000+)
• 6 Year: 2.60% ($5,000+)

Guaranteed Periods To Choose From:

• 3 Years, 5 Years or 6 Years

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:

• $50,000 on the 3 year
• $10,000 on the 5 year
• $5,000 on the 6 year

Maximum Premium 

• $300,000 without approval

Issue Age:

• 0-85 Non Qualified
• 16 - 85 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. 

Death Benefits:

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

Commission:

• 3 Year: 1.50% (16-75) 1.00% (76-85)
• 5 Year: 2.00% (16-75) 1.70%  (76-85)
• 6 Year: 2.75% (16-75) 1.45% (76-85)
  (6 year has a reduced commission on premiums $5,000 - $19.999.99)