Best Guaranteed Annuity Rates

MYGA Plus 7 - Index-Linked Option

Get an annuity today!
Learn how an annuity can provide guaranteed income for life.


The MYGA Plus is a multi-year guaranteed, single-premium deferred fixed annuity with an IndexLinked Option offered by Ibexis Life & Annuity Insurance Company. At its core, the MYGA Plus functions like a traditional multi-year guaranteed annuity (MYGA) product: it offers a Fixed Option that credits a simple guaranteed interest for a specific time (known as a Guaranteed Option Period or GOP). In addition, the MYGA Plus offers an additional premium allocation option. In the same contract, the client may also allocate up to 50% of their premium to an Index-Linked Option, which credits a guaranteed fixed amount if the S&P 500 increases during any annual period.

Index-Linked Option
Offers a fixed annual rate that will be credited only if the tracked index (currently the S&P 500) is higher than the previous year on a point-to-point basis. This is evaluated each year on the contract anniversary. If the index is higher than the previous year’s value in any amount on the anniversary, the IndexLinked Option rate will be credited to the client’s contract value based on the amount of premium allocated to the Index-Linked Option.
Allocation can be between 0% to 50% of the total premium.

Please see the Multi Year Guaranteed Fixed Option

Please note:
  LPL Financial Advisors can sell MYGA Plus annuity as OBA (outside business activity), but they still need to be aligned under an IMO. 
Available in states: AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, and WY
Fixed Index
Purpose Accumulation
7 Years
Surrender schedule
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Minimum contribution
Maximum contribution
Max Age Qualified
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Spousal IRA, Pension, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, and Inherited IRA
Open brochure

Find out if the MYGA Plus 7 - Index-Linked Option is the right product for you.

Premium Notes

Issue Ages
7 Year Term: 0-80
If jointly owned, eligibility is based on older owner’s age

Premium Minimum
Premium: $10,000.00
Maximum Premium: $1,500,000.00
Maximum Premium is set without prior company approval

Withdrawal Provisions

Free Surrenders and Withdrawals
After the first contract anniversary, 10% of the accumulation value from the previous contract anniversary is available for withdrawal free of any surrender charges

Surrender Charge Schedule
The initial interest rate is guaranteed for the selected 3, 5, or 7 Year Guarantee Period. Prior to the end of any guarantee period, contract holders will have a 30-day window to choose one of the following options: 
  • Renew their contract with a new rate into the same Guarantee Period (New Surrender Charge Schedule and MVA will apply) 
  • Withdraw some or all of their accumulated account value free of surrender charges and MVA. 
This renewal process will continue until the contract is surrendered, annuitized, death of the contract owner(s), or age 95.

Systematic Withdrawal Provision
Two automatic payment options for payment of either a specific amount or interest only on a repetitive basis. Minimum payment per mode is $100. Frequency: monthly, quarterly, semiannual or annual.

Allocation Accounts

Name Type Rates
1-Year S&P 500 Performance Triggered Index-Linked Option
Performance Triggered
7.5% Performance triggered
1-Year S&P 500 Performance Triggered Index-Linked Option (CA Only)
Performance Triggered
7.4% Performance triggered
1-Year S&P 500 Performance Triggered Index-Linked Option
Performance Triggered
8% Performance triggered
1-Year S&P 500 Performance Triggered Index-Linked Option (CA Only)
Performance Triggered
7.9% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 8% 8% 7% 7% 6% 5% 4%


No Riders for MYGA Plus 7 - Index-Linked Option annuity.


Terminal Illness

Eligibility after the first contract year, however diagnosis may have occurred prior. Diagnosis must be by a certified physician that death will occur in 12 months or less. Not available in all states

Extended Care

Eligibility begins after the first contract anniversary. Must be confined to a Hospital or certified Long Term Care facility for 90 consecutive days. Not available in all states. The nursing home waiver does not include home health care.

Ready to Protect Your Financial Future?

Request a free quote or talk to our financial expert to get help