Fixed annuity review and rates

WealthLock MYGA

The WealthLock MYGA is a fixed annuity that might be right for you if you value dependable growth through guaranteed interest and access to funds. Other benefits include tax deferral, guaranteed income options, and security for your loved ones.

Access to Your Funds
Having access to your funds can give you the peace-of-mind you need. You can withdraw up to 10% of your cash value each year free of charge – after the first year – to help cover the unexpected. You can also withdraw from your tax-qualified IRA any RMD required by the IRS after 30 days, even if it exceeds the free withdrawal amount.

Plan Types
May be issued as Non-Qualified or Traditional or Roth IRAs Accepts rollovers from qualified plans, 457 plans, IRAs, Simplified Employee Pension (SEP) plans, 403(b) plans, and SIMPLE IRAs.
Note: Inherited IRA would be rolled over into a New Traditional IRA. If you already have an IRA, you can roll over the inherited assets to another traditional IRA in your name or convert the assets to a Roth IRA. The simplest way to do that is through a direct, trustee-to-trustee transfer from one account to the other or between one IRA custodian and another.  
 
Leaving a Legacy
If the unexpected does occur, knowing where your money goes is important. Our WealthLock MYGA can give you the security you need in case something were to happen to you. It pays the full contract value directly to your beneficiaries without the delays and costs associated with probate, letting your family focus on the things that matter most.

Additional Benefits
Protecting you and your family is important. Our WealthLock MYGA gives you access to 100% of your contract value – after the first year – in the event you are confined to a nursing home or diagnosed with a terminal illness.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
2 2 3.65% 3.65%
2 2 3.8% 3.8%
3 3 4.4% 4.4%
3 3 4.25% 4.25%
5 5 4.7% 4.7%
5 5 4.85% 4.85%
7 7 5% 5%
7 7 4.85% 4.85%
Aspida Life Insurance Company
Founded: 2021
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, Inherited IRA, and TSP