Fixed annuity review and rates

Triple Advantage Plus

Triple Advantage PLUS Deferred Annuity is a true 36-month MYGA (Multi-Year Guaranteed Annuity), plus it offers the benefit of a competitive rate after the contract matures.

Premium Notes
Minimum Initial Deposit: $300
Maximum Deposit: $200,000
Additional Deposits are permitted.
Additional deposits (subject to maximums) are permitted throughout the 36 months, and will receive the same rate without extending the surrender charge period.
Clients may elect to make systematic deposits into their annuity on a monthly, quarterly, semi-annual, or annual basis.

Limited surrender-charge-free withdrawals are permitted in the second and third contract years. The Triple Advantage PLUS Annuity is available for ages 0-95, and may be used for qualified (tax favored status) plans.

Withdrawal provisions: This contract does not allow for any surrender charge free withdrawals during the first year. Surrender charges in the first year are 5%, and are reduced by 2% in each subsequent year of the three-year contract. (5% — 3% — 1%). Surrender charge free withdrawals of 10% are permitted in the second and third year, based on the contract’s value on the last day of the previous contract year. 

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
3 3 3.45% 3.45%
Greek Catholic Union of the USA
Founded: 1892
A.M. Best: A-
S&P: A-
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Types of funds
Non-Qualified, 401k, IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, and Inherited IRA