Fixed annuity review and rates

Advisory MYGA

Aspida Advisory MYGA from Aspida Life Insurance Company offers a secure, low-risk way to grow tax-deferred money for retirement. It gives you dependable growth and security for your loved ones with benefits like guaranteed interest, tax-deferred growth, direct access to your money when you need it, and multiple guaranteed income options. 
Purchasing an Aspida Advisory MYGA is EASY 
  1. Choose your premium. $25,000 premium minimum to $1,000,000 maximum. 
  2. Select the length of your contract. We offer 2-, 3-, 5-, or 7-year guarantee period options. 
  3. Relax and watch your money grow. Your contract will earn tax-deferred interest at the guaranteed rate you select at the time of purchase. 
Withdrawal Charges
If you request a withdrawal during the first year of your contract, in excess of the 5% penalty-free amount after your first contract anniversary, or surrender your contract before the end of your current guarantee period, you may be subject to a withdrawal charge and MVA. Each guarantee period has its own withdrawal charge schedule.

Required Minimum Distributions (RMD)
RMDs from your tax-qualified IRA available after 30 days. All other withdrawals are available at the beginning of year two.

Death Benefit
If you are the owner/annuitant and die before the maturity date, your named beneficiaries will receive the full contract value, with no withdrawal charges or MVA applied, typically without the delay and expense associated with probate. Special rules apply if your spouse is co-owner.

Market Value Adjustment
Subject to the exceptions stated in the contract, an MVA will be applied if part or all of the Contract Value is withdrawn above any allowable free amount. The MVA can be positive or negative.

Plan Types
May be issued as Traditional, Non-Qualified IRA, or Roth IRA. Accepts rollovers from qualified plans, 457 plans, IRAs, Simplified Employee, Pension (SEP) plans, 403(b) plans, and SIMPLE IRAs.

Annuitization
After one year, you have the option to turn your annuity’s contract value into a stream of regular income payments through a process called annuitization. There are several settlement options available for your contract, including those that will generate a guaranteed lifetime income. 

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
2 2 4.1% 4.1%
2 2 4.25% 4.25%
3 3 4.75% 4.75%
3 3 4.9% 4.9%
5 5 5.15% 5.15%
5 5 5.3% 5.3%
7 7 5.25% 5.25%
7 7 5.4% 5.4%
Aspida Life Insurance Company
Founded: 2021
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 5%
Types of funds
Non-Qualified, IRA, Pension, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and TSP