Fixed annuity review and rates

Heritage Builder Annuity

The Heritage Builder Multi-Year Guaranteed Annuity (MYGA) is a wealth-accumulation product that delivers market-leading interest rates that will accrue in a tax deferred manner and also provides free liquidity options.

Free Withdrawal Options 
  • Accumulated Interest. You can make a withdrawal against your interest after 30 days. The minimum withdrawal is $100. 1, 3, 6, or 12-month payment options are available. 
  • Required Minimum Distribution. This withdrawal is available six months after the effective date. The minimum withdrawal is $100.  
  • Free Withdrawal. A free withdrawal is available 1-year after effective date. You can withdraw up to 10% of your account value with a minimum withdrawal of $200. 
Market Value Adjustment
A Market Value Adjustment may apply to withdrawals over the Free Withdrawal amounts during the Withdrawal Charge Period and to certain annuitization options. The MVA is based on the change in the leading bond index yield from the close of business on the day prior to your contract being issued and the close of business the day prior to your withdrawal. The MVA may be a credit, increasing your withdrawal amount, or a fee, decreasing your withdrawal amount. Due to the mechanics of an MVA, Withdrawal Amounts generally decrease as the index yield rises. When the index yield decreases enough over time, the Withdrawal Amounts generally increase. Even with a negative MVA, you will never receive less than the Guaranteed Minimum Cash Value. 

Death Benefit
A death benefit is guaranteed and will be paid to a designated beneficiary.

Note: Inherited IRA: Eligible beneficiaries only.

Interest Rates

Guaranteed Years Surrender Years Guaranteed Yield Current Yield
3 3 2% 2%
5 5 3.5% 3.5%
7 7 3.65% 3.65%
Investors Heritage Life Insurance Company
Founded: 1960
A.M. Best: B++
Fitch: BBB-
S&P: B++
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Types of funds
Non-Qualified, IRA, IRA Rollover, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA