4.3
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Secure Rate MYGA with 5% Free Withdrawal Rider
First established in 1964, Heartland National Life Insurance Company provides supplemental insurance products, including Medicare supplement, hospital indemnity, and cancer insurance plans. For the past 60 years, the company has been safeguarding the futures of over 40,000 policyholders by offering affordable insurance solutions to help fill the gaps in each client’s existing coverage. The products offered by Heartland National provide protection against unexpected medical expenses, assisting clients through the complex world of the insurance industry.
Secure Rate MYGA with 5% Free Withdrawal Rider
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About Product
Premium Type
Single Premium
Fee withdrawal:
5%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$5,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, 401k, Traditional IRA, TSA 403b, SEP IRA, IRA-Roth, SIMPLE IRA, and Roth Conversion (Full)
Launch Date
11/01/2023
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 5.15% |
| 5 years | 5.55% |
| 7 years | 5.65% |
| 10 years | 5.65% |
The Secure Rate MYGA from Heartland National Life Insurance Company is an individual single-premium deferred annuity with guaranteed renewal and multi-year interest rate guarantees in your choice of 3, 5, 7 or 10-year periods. The Secure Rate Annuity includes liquidity and death benefit provisions.
Annual Free Withdrawals
During any Multi Year Interest Rate Guarantee Period, this rider waives any Surrender Charges and Market Value Adjustments on the first withdrawal in a contract up to an amount that does not exceed the greater of:
1. 5% of the Accumulation Value as of the last Contract Anniversary; or
2. The Required Minimum Distribution
*If the 5% Fee Withdrawal Rider is elected, the Accumulated Interest Withdrawal provision will cease to exist and not apply to the Contract. The 5% Free Withdrawal Rider will replace the Free Partial Surrender provision in full in this Contract.
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.
Annual Free Withdrawals
During any Multi Year Interest Rate Guarantee Period, this rider waives any Surrender Charges and Market Value Adjustments on the first withdrawal in a contract up to an amount that does not exceed the greater of:
1. 5% of the Accumulation Value as of the last Contract Anniversary; or
2. The Required Minimum Distribution
*If the 5% Fee Withdrawal Rider is elected, the Accumulated Interest Withdrawal provision will cease to exist and not apply to the Contract. The 5% Free Withdrawal Rider will replace the Free Partial Surrender provision in full in this Contract.
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 |
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 surrender the contract without penalty.
Company Founded: 1965
Good Rated
Company
Company Ratings
4
- A.M. Best B++
Assets: $15,970,230
Indiana
