4.8
based on complex data
Annuity Educator Rating
Annuity review
ReliAbility MYGA with Death Benefit Enhancement Rider
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About Product
Premium Type
Single Premium
Fee withdrawal:
None
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$5,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, 401k, Traditional IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA
Launch Date
08/12/2026
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 5.75% |
| 5 years | 6.15% |
| 7 years | 5.9% |
| 10 years | 5.9% |
ReliAbility is a single-premium deferred fixed multi-year guaranteed annuity.
Issue Ages
Issue Ages
- Ages 0 through 90
Premium
- Minimum premium – $5,000
- Maximum premium – $1 million (greater than $1 million may be accepted with prior approval from Ability)
Initial Guarantee Period
3, 5, 7, and 10 year guarantee periods.
Standard Death Benefit
Before the Maturity Date, upon the death of the Owner, or the first death of either Joint Owner, the death benefit is payable to the designated beneficiary. The death benefit is the greater of (i) Cash Surrender Value or (ii) total premium paid, reduced by prior withdrawals and any applicable Withdrawal Charges or taxes.
Required Minimum Distributions (RMDs)
RMD withdrawals, as defined under the Internal Revenue Code, are included in the base contract, available beginning in Policy Year 1 and are not subject to withdrawal charges or MVA.
Ownership/Annuitant Structure
Joint ownership is available for non-qualified contracts only. Joint Annuitants are allowed (must be spouse for qualified contracts).
Market Value Adjustment
Withdrawals or surrenders may be subject to a Market Value Adjustment, which may increase or decrease the amount withdrawn or surrendered.
Annuitization Options
Before the maturity date, you may choose an annuitization option or change a previous annuitization option. If no annuitization option is selected, life income with a guaranteed period of 5 years payable monthly becomes effective.
Death Benefit Enhancement Rider
This rider sets the death benefit equal to Contract Value on the date of death, rather than the base-contract death benefit. Any applicable withdrawal charges and MVA are waived for purposes of this death benefit.
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Death Benefit Enhancement Rider | Yes |
Waivers
Death
Any applicable withdrawal charges and MVA are waived for purposes of the death benefit.
Surrender Window
There will be a 30-day window prior to the end of the initial guarantee period where the policyholder will be notified and can request partial or full surrenders, withdrawal charges and the Market Value Adjustment (MVA) are waived.
RMD
RMD withdrawals, as defined under the Internal Revenue Code, are included in the base contract, available beginning in Policy Year 1 and are not subject to withdrawal charges or MVA.
Company Founded: 1967
Good Rated
Company
Company Ratings
- A.M. Best B+
