Fixed index annuity review and rates

New Horizon 7

The Western United Life New Horizon annuity is a Single Premium, Tax-Deferred Annuity with a Market Value Adjustment (MVA) and Index-Linked Interest.
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
1.95% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
25% Participation
1-Year S&P 500 PTP Cap
Point to Point
6.75% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 9% 8% 7% 6% 5% 4%
Western United Life Assurance Company
Founded: 1963
A.M. Best: B++
S&P: B++
Carrier details
Free withdrawal
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP