Secure Rate MYGA
The Secure Rate MYGA annuity from Heartland National is a superb product for anyone seeking peace of mind in retirement. Offering guaranteed fixed rates over 3, 5, 7, or 10 years, this annuity shelters its holders from market volatility. Plus, it’s easy to set up with a minimum single premium of just $5,000. With a high level of customization, it provides the flexibility to fit your precise needs.
With over 50 years in the industry, Heartland National is a firm you can trust. Their MYGA annuity offers tax-deferred growth and liquidity, meaning your money works harder for you. Even better, it features a death benefit provision, ensuring your loved ones are taken care of should the worst occur. And the Secure Rate MYGA is available to almost anyone across the country, making retirement planning easier and more secure for nearly everyone.
Secure Rate MYGA
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 5% |
| 5 years | 5.4% |
| 7 years | 5.45% |
| 10 years | 5.55% |
Annual Free Withdrawals
During a Multi-Year Interest Guarantee Period, the Accumulated Interest earned in any year may be withdrawn without any Surrender Charges or Market Value Adjustment being applied in that year. Available upon the end of the 30-day right to examine.
Market Value Adjustment (MVA)
An MVA applies to full or partial surrenders in excess of the Free Partial Surrender Amount during a Multi-Year Interest Rate Guarantee Period. The MVA may increase or decrease the Cash Surrender Value or Withdrawal amount.
Death Benefit
The death benefit will equal the Accumulation Value on the date of death. The death benefit will not be reduced by any negative Market Value Adjustment nor increased by any positive Market Value.
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| 5% Free Withdrawal Rider | No | 0.10% rate reduction |
| Enhanced Benefit Rider | No | 0.15% rate reduction |
Waivers
Surrender Window
When a Guarantee Period ends, the annuity will enter a 30-day renewal period (“30-Day Window”). Up to the end of the 30-Day Window, you may: 1. Renew contract for another Guarantee Period that is the same as the current; 2. Surrender the contract without penalty; 3. Take a partial withdrawal without penalty; or 4. Apply the Accumulation Value to a Payment Option. If one of the available options is not elected by the end of the 30-Day Window, the contract will automatically renew for another multi-year interest rate guarantee period at the same duration as the initial multi-year interest rate guarantee period.
- A.M. Best B++
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