Apex MYGA
Highlights
Premium Type
|
Single Premium
|
---|---|
Min age Qualified
|
18
|
Max age Qualified
|
85
|
Minimum Contribution
|
$5,000
|
Maximum Contribution
|
$1,000,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
10% |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, and IRA-Roth |
Brochure
|
Open brochure |
Guarantee periods
3, 5, or 7 years
Premium may be allocated to more than one interest guarantee period (subject to meeting minimum allocation amounts)
Premium
Minimum: $10,000 nonqualified; $5,000 qualified
Maximum: $1,000,000 per owner without Delaware Life approval
Free Withdrawals of up to 10% Each Year
In the first contract year, 10% of total premiums paid, or the required minimum distribution (RMD) amount, if greater, can be withdrawn free of surrender charges. In the second contract year and thereafter, 10% of the most recent contract anniversary value, or RMD, if greater, can be withdrawn free of surrender charges.
Market Value Adjustment (MVA)
Guaranteed death benefit
Find out if the Apex MYGA is the right product for you.
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
3 years | 4.7% |
5 years | 4.9% |
7 years | 4.9% |
Riders
No Riders for Apex MYGA annuity.
Waivers
Death
MVA is waived at death
Nursing Home
Waives early withdrawal charges after first contract anniversary, for a one-time withdrawal if you are confined to a hospital or nursing facility for at least 90 days, as long as the contract is purchased before your 76th birthday. The nursing home waiver does not include home health care.
Terminal Illness
Waives early withdrawal charges after first contract anniversary, for a one-time withdrawal if you have a terminal illness
Surrender Window
There is a 30-day window prior to your renewal date to select a new guarantee period. If no election is made, your annuity will automatically renew for the same guarantee period you had previously selected. During your 30-day window, you can make withdrawals or surrender your annuity with no surrender charges or market value adjustment.
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