Fixed annuity review and rates
MaxProtect
MaxProtect is a multi-year guaranteed annuity, one that offers you a competitive rate that’s guaranteed for a fixed amount of time that you choose. The rate will not change, regardless of market conditions.
Following your initial guarantee period, you move into a one-year guarantee period. A renewal rate will be declared for the one-year period and could change annually.
Guarantee your retirement income. When you’re ready to begin receiving guaranteed retirement income, you have flexible annuitization options. Annuitization means turning your accumulated retirement savings into a stream of income payments. You can choose from a wide range of payment options to help meet your retirement goals.
Following your initial guarantee period, you move into a one-year guarantee period. A renewal rate will be declared for the one-year period and could change annually.
Guarantee your retirement income. When you’re ready to begin receiving guaranteed retirement income, you have flexible annuitization options. Annuitization means turning your accumulated retirement savings into a stream of income payments. You can choose from a wide range of payment options to help meet your retirement goals.
- Fixed Installment Income. Offers you fixed guaranteed income payments for a selected number of years. Payments can be monthly, quarterly, semi-annually or annually.
- Fixed Life Income. Payments are fixed and guaranteed for your lifetime (single), or the lifetime of both you and another individual (joint).
Withdrawals
- Annual free withdrawal amount: 10% of your Purchase Payment in year one, or your last anniversary contract value, available annually without surrender charge.
- Health hardship withdrawals: You have total access to contract value without surrender charge in certain times of need:
- If confined to nursing home or hospital for 90 consecutive days after issue.
- If diagnosed as terminally ill with life expectancy of less than one year.
- Required minimum distributions (RMDs): Available on tax-qualified contracts without surrender charge only if taken under an automatic withdrawal program.
Market value adjustment (MVA)
The amount of an adjustment (increase or decrease) that may be applied to amounts withdrawn in excess of the annual free withdrawal amount. The market value adjustment (MVA) may be positive or negative.
Return of Principal Guarantee benefit
Guarantees that the surrender value of the contract will never be less than the initial purchase payment adjusted for any previous withdrawals. This is an optional benefit.
Death benefit
Equal to full contract value without surrender charge. Spouse beneficiary may be able to continue the contract.
Note: we accept Inherited/beneficiary IRA as a rollover.
The amount of an adjustment (increase or decrease) that may be applied to amounts withdrawn in excess of the annual free withdrawal amount. The market value adjustment (MVA) may be positive or negative.
Return of Principal Guarantee benefit
Guarantees that the surrender value of the contract will never be less than the initial purchase payment adjusted for any previous withdrawals. This is an optional benefit.
Death benefit
Equal to full contract value without surrender charge. Spouse beneficiary may be able to continue the contract.
Note: we accept Inherited/beneficiary IRA as a rollover.
Interest Rates
| Guaranteed Years | Surrender Years | Guaranteed Yield | Current Yield |
|---|---|---|---|
| 3 | 3 | 3.6% | 3.6% |
| 3 | 3 | 3.9% | 3.9% |
| 3 | 3 | 3.7% | 3.7% |
| 3 | 3 | 4% | 4% |
| 3 | 3 | 3.5% | 3.5% |
| 3 | 3 | 3.8% | 3.8% |
| 5 | 5 | 3.85% | 3.85% |
| 5 | 5 | 4.15% | 4.15% |
| 5 | 5 | 3.95% | 3.95% |
| 5 | 5 | 4.25% | 4.25% |
| 5 | 5 | 3.65% | 3.65% |
| 5 | 5 | 3.95% | 3.95% |
| 7 | 7 | 3.95% | 3.95% |
| 7 | 7 | 4.25% | 4.25% |
| 7 | 7 | 4.05% | 4.05% |
| 7 | 7 | 4.35% | 4.35% |
| 7 | 7 | 3.65% | 3.65% |
| 7 | 7 | 3.95% | 3.95% |
Brochure
Free withdrawal
10%
Types of funds
Non-Qualified, IRA, IRA Rollover, SEP IRA, IRA-Roth, Inherited IRA, and NQ Stretch