Safe Haven (FL Only) ages 60+
The Safe Haven Bonus Guarantee annuity is designed for retirees who value peace of mind and financial certainty. With a guaranteed interest rate, your money will continually grow without any stumbles. Furthermore, it guarantees protection of your investment, regardless of market fluctuations. Your retirement money is safely tucked away, steadily growing over the years.
One of the greatest perks of this product is the customization it offers. You choose the duration of the annuity, ranging from 3 to 20 years, and pay only for the features you want. This means more financial control and potentially a higher interest rate. As an add-on, you'll also appreciate the tax-deferred growth feature which lets your savings flourish without immediate tax implications. It’s an ideal choice for those planning for a relaxing and worry-free retirement.
Safe Haven (FL Only) ages 60+
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.13% |
| 5 years | 4.4% |
| 6 years | 4.42% |
| 7 years | 4.39% |
| 10 years | 4.25% |
Death Benefit Feature - 0.25% interest reduction
Accumulated Interest Withdrawal - 0.05% interest reduction
Issue Ages
0 to 90 (5, 6, 7 and 10 year guarantee period)
0 to 75 (20 year guarantee period)
Market Value Adjustment (MVA)
The MVA expires at the end of each Guarantee Period and reinstates if you select a new Guarantee Period.
Cash Surrender Values
A surrender charge is taken on partial withdrawals or full surrenders during any surrender charge period. The surrender charge is the partial withdrawal amount or the contract value (for full surrenders) multiplied by the market value adjustment, multiplied by the surrender charge percentages shown below. Surrender charge calculations may be affected by the addition of riders.
Surrender charges during renewal periods: 5% all years
During the last 30 days before the end of any guarantee period, the contract can be surrendered with no market value adjustment or surrender charges.
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Preferred 10% Free Withdrawal | No | 0.15% rate reduction |
| Accumulated Interest Withdrawal | No | 0.05% rate reduction |
| Death Benefit Feature (FL) | Yes | 0.25% rate reduction |
Waivers
Surrender Window
At the end of your guarantee period, you will have the option to renew your annuity for another guarantee period. We will contact you and provide a 30-day window to select a new guaranteed interest rate. During your 30-day window you can surrender your annuity for cash with no surrender charges or market value adjustment.
- A.M. Best B++
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