WealthLock MYGA

The Aspida WealthLock MYGA annuity stands out as a chosen product for retirement solutions. It uniquely combines principal protection and guaranteed growth to safeguard your retirement savings. With an A- (Excellent) financial strength rating, the product offers stability, shielding your premium from the volatility of the market.

What's more, it provides lifetime income options, allowing you the flexibility to receive payments over a chosen length of time or for your entire life. And should the unexpected happen, your assets go directly to your beneficiaries, bypassing probate procedures. All these benefits provide peace of mind for your future.

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Investment

Your Gender

Your Age

Retire At

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About Product

Premium Type

Single Premium

Fee withdrawal:

10% (From Year 2)

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Min Age Qualified

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, 457 plan, and TSP

Launch Date

06/15/2022

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
2 years	4.8%
3 years	5.05%
5 years	5.05%
7 years	5.2%

The WealthLock MYGA is a fixed annuity that might be right for you if you value dependable growth through guaranteed interest and access to funds. Other benefits include tax deferral, guaranteed income options, and security for your loved ones.

Access to Your Funds

Having access to your funds can give you the peace-of-mind you need. You can withdraw up to 10% of your cash value each year free of charge – after the ﬁrst year – to help cover the unexpected. You can also withdraw from your tax-qualified IRA any RMD required by the IRS after 30 days, even if it exceeds the free withdrawal amount.

Leaving a Legacy

If the unexpected does occur, knowing where your money goes is important. Our WealthLock MYGA can give you the security you need in case something were to happen to you. It pays the full contract value directly to your beneficiaries without the delays and costs associated with probate, letting your family focus on the things that matter most.

Additional Benefits

Protecting you and your family is important. Our WealthLock MYGA gives you access to 100% of your contract value – after the first year – in the event you are confined to a nursing home or diagnosed with a terminal illness.

Riders

No Riders for WealthLock MYGA annuity.

Waivers

Death

If you are the owner/annuitant and die before the maturity date, your named beneficiaries will receive the full contract value, with no withdrawal charges or MVA applied.

Nursing Home

You can withdraw up to 100% of your annuity’s contract value if you are confined to an eligible Nursing Home. This benefit is available if you are confined for at least 90 consecutive days any time after the your first Contract Anniversary and meet eligibility requirements. No Withdrawal Charge or MVA will be applied if you qualify for this benefit. To receive the Nursing Home Waiver, you cannot be confined on the Contract Effective Date. The nursing home waiver does not include home health care.

Terminal Illness

You can withdraw up to 100% of your annuity’s contract value if you are diagnosed with a terminal illness that is expected to result in death within one year and meet eligibility requirements. No Withdrawal Charge or MVA will be applied if you qualify for this benefit. This waiver is available after your first Contract Anniversary and the initial diagnosis of terminal illness must be made after the Contract Effective Date.

Company Founded: 2021

Excellent Rated Company

Aspida Life Insurance Company

Company Ratings

4.3