NY Eagle Platinum with Interest Only
Highlights
Premium Type
|
Single Premium
|
---|---|
Min age Qualified
|
18
|
Max age Qualified
|
85
|
Minimum Contribution
|
$10,000
|
Maximum Contribution
|
$1,500,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
-100% |
Launch date
|
11/21/2018 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, and NQ Stretch |
Brochure
|
Open brochure |
Minimum
- $10,000 (Excludes Inherited Beneficiary contracts)
- $30,000 Inherited/Beneficiary IRAs
- $1,500,000 issue ages 18-69
- $1,000,000 issue ages 70-74
- $750,000 issue ages 75-80
- $500,000 issue ages 81-85
- The death benefit of the contract prior to the maturity date is equal to the contract value.
Interest only. If you select the Interest Only Withdrawal Option you may take free withdrawals of any amount up to Interest Credited that year, beginning in the second Contract Year.
Find out if the NY Eagle Platinum with Interest Only is the right product for you.
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
5 years | 1.8% |
6 years | 1.9% |
7 years | 1.95% |
Riders
No Riders for NY Eagle Platinum with Interest Only annuity.
Waivers
Nursing Home
Included automatically at issue for all ages. A one-time withdrawal of up to 100% of the contract value is allowed if the owner is confined to a qualified nursing care facility for a minimum of 90 consecutive days, beginning after the first contract year. Written proof of confinement is required from the recommending qualified physician. Any payment made under this rider will not be subject to withdrawal charges, surrender charges, or MVAs.
Terminal Illness
Included automatically at issue for all ages. A one-time withdrawal of up to 100% of the contract value is allowed if the owner is diagnosed with a terminal illness. Diagnosis must occur after the first contract year and written proof is required from a qualified physician. Any payment made under this rider will not be subject to withdrawal charges, surrender charges, or MVAs.
Surrender Window
Within 30 calendar days after the end of the guarantee period, you can surrender the contract and receive the surrender value without incurring surrender charges.
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