Fixed annuity review and rates

Guaranty Rate Lock

Guaranty Rate Lock MYGA is a single premium, a tax-deferred annuity with several rate guarantee time periods to choose from.
  • Free Partial Withdrawals- up to 5% of prior anniversary accumulation value or RMD, starting in year 2, $250 Minimum 
  • Systematic Withdrawals- Free Partial or RMD available in monthly, quarterly, semi-annual or annual payments 
  • Terminal Illness & Nursing Home Confinement Waiver of Surrender Charges & MVA- Surrender Charges and MVAs will be waived for a Full or Partial Surrender if qualifications are met. 
Death benefit equals Full Accumulation Value Before Annuitization.

MVA
A market value adjustment is applied only during the surrender charge period to full surrenders and any partial surrender in excess of the Free Partial Surrender available. A market value adjustment is not applied to the Death Benefit or to any applicable Free Partial Surrender Amount.

Issue Ages
  • 0-100 (3 - 5 year surrender periods) 
  • 0-90 (6 - 10 year surrender periods) 
Premiums
Non-Qualified, IRA, Roth IRA:
  • $10,000 - $1,000,000 through age 90 
  • $10,000 - $200,000 for ages 91 - 100 
Options at the end of the guarantee period
During the 30 days following the end of any Guarantee Period, the policy owner has the following options: 
  • Choose a subsequent Guarantee Period of any duration available, at applicable rates at that time. 
  • Apply the Accumulation Value to an Annuity Payout Option. 
  • Surrender all or some of the Contract for the Accumulation Value, without Surrender Charges and/or MVA. 
  • Take no action and the Contract will automatically renew for a subsequent Guarantee Period with the same duration as the preceding Guarantee Period for the interest rate in effect at that time. 
Initial guaranteed interest rate period which corresponds with the numbers of years in the surrender period. Also, there is a minimum rate guarantee that’s guaranteed for the remainder of the contract.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
5 5 5% 5%
5 5 5% 5%
3 3 4.5% 4.5%
3 3 4.6% 4.6%
3 3 4.6% 4.6%
4 4 4.9% 4.9%
4 4 5% 5%
4 4 5% 5%
5 5 4.9% 4.9%
3 3 4.25% 4.25%
3 3 4.35% 4.35%
3 3 4.35% 4.35%
4 4 4.65% 4.65%
4 4 4.75% 4.75%
4 4 4.75% 4.75%
5 5 4.65% 4.65%
5 5 4.75% 4.75%
5 5 4.75% 4.75%
Guaranty Income Life Insurance Company
Founded: 1926
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 5%
Types of funds
Non-Qualified, IRA, and IRA-Roth