Safeguard Plus (10-Year)
If you're seeking a secure way to grow your savings, Safeguard Plus should be your go-to. It provides a predictable fixed interest rate and ensures protection against market risk. It also offers flexibility for accessing your funds for necessities and unexpected circumstances like healthcare costs.
The beauty of Safeguard Plus is evident in its tax-deferred growth feature. This means your money not only grows but also, the interest earned compounds over time, leading to greater accumulation. Plus, you've certainly got the power to leave a legacy with its death benefit feature.
Safeguard Plus (10-Year)
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 10 years | 6.05% |
- A straightforward way to safely grow your savings on a tax-deferred basis
- A guaranteed fixed rate of interest over a pre-determined period of time
- Protection from market risk
- Options for accessing a portion of your funds should you require them to satisfy requirement minimum distributions (RMDs) or other financial obligations
- Full access to your account for unexpected health care costs, namely qualifying nursing home care, or in the event of terminal illness
- The option of turning your annuity into guaranteed payments for life
- The ability to provide a legacy for loved ones through a death benefit. Designed for real people and real life, these simple-to-understand annuities can help achieve your unique financial goals while making it easier for you to adapt as your needs change and your life evolves.
Any amount during the first 30 days of each Multi-Year Interest Rate Guarantee
Market Value Adjustment (MVA)
During each Multi-Year Interest Rate Guarantee Period, any amount surrendered is subject to a Market Value Adjustment (MVA). The MVA may increase or decrease the amounts payable. Generally, if interest rates rise after the beginning of the current Multi-Year Interest Rate Guarantee Period, the MVA will decrease benefits; if interest rates fall, the MVA will increase benefits. The MVA is waived for the amount of any benefit for which Surrender Charges are waived.
Death Benefit
Prior withdrawals reduce benefit amounts. The Cash Surrender Value will be paid as a lump sum or via any of the other annuitization options available to the designated beneficiary(s) (unless the spouse was named as joint owner, in which case the policy and its provisions may continue).
Optional Death benefit riders are available at an additional cost.
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| 5% Free Withdrawal Rider | No | 0.10% rate reduction |
| Enhanced Benefit Rider | No | 0.10% rate reduction |
Waivers
Death
No surrender charges or MVA will be assessed, and your beneficiary does not need to wait until the end of the contract term to access to the money.
Annuitization
Creating an income stream for life can help you minimize worry about outliving your assets. On your annuity date, you have the option of annuitizing your contract, or turning your annuity into scheduled payments for life. The annuity date is set in your contract.
Surrender Window
During the first 30 days of a Multi-Year Interest Rate Guarantee Period, you may take a penalty-free partial or total withdrawal of your principal and earned interest without being subject to a surrender charge or MVA.
RMD
Surrender charges under the Contract are waived on any Required Minimum Distribution
- A.M. Best B++
