ISDA Financial Life
4.4
based on complex data
Annuity Educator Rating
Annuity review

MEGA Choice 2

The MEGA Choice 2 is a marvelous annuity option for long-term retirement planning. Not only is it flexible and allows for multiple premiums, but it also gives the owner control of the annuity contract until transferred. More deposits are accepted, giving you room to adjust your investment as life shifts.

Your money is safe, with a minimum guaranteed interest rate ensuring your retirement pot is steadily growing. Plus, access to free withdrawals after the first anniversary, or in case of an annuitant's death, offers peace of mind. With MEGA Choice 2, you're truly in control of your retirement.

MEGA Choice 2-brochure MEGA Choice 2-brochure

MEGA Choice 2

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About Product

Premium Type
Flexible Premium
Fee withdrawal:
100% (From Year 2)
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
95
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, and 1035 Exchange
Launch Date
09/18/2023

Traditional Fixed Annuity Interest Rates

Surrender Years First Year Yield Term Guaranteed Yield Term Current Yield
2 5% 4% 5%
MEGA Choice 2 is a Flexible Premium Deferred Annuity.
A fixed annuity is a contract whereby for the premium or multiple premiums received, ISDA agrees to pay the Owner income from this annuity at a later date. Annuities are meant to provide funds for retirement and are considered to be long term.
Note: If an Owner other than the annuitant purchases the annuity, that Owner shall have control of the annuity contract issued until ownership is transferred to the annuitant.

Minimum Deposit
$10,000 – Maximum $1,000,000  (Q/NQ)
Additional deposits are accepted through the life of the policy with decreasing surrender charges.
 
Issue Age
0-95

Free Withdrawals
  • Interest W/D After 30 Days
  • 10% of cash value at 1st anniversary (contractual)
  • RMD for qualified plans
  • Death of annuitant
  • Annuitization
  • Additional deposits do not reset penalty period
Death Benefit
The death benefit payable at the death of the Annuitant shall be the contract cash value as of the date of death. The contract cash value is (1) the sum of premiums paid plus (2) interest credits plus (3) any dividends added less (4) any withdrawals. 

Year by Year Account Balance

Understand how your money will increase when invested in MEGA Choice 2.
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Riders

No Riders for MEGA Choice 2 annuity.

Waivers

Death

Free Withdrawals Without ISDA Surrender Charges: Death of annuitant

Annuitization

Free Withdrawals Without ISDA Surrender Charges: Annuitization – 2 year minimum

Company Founded: 1960
Good Rated Company
ISDA Financial Life
Company Ratings
4.1
  • A.M. Best -
Assets: $334,000,000
Pennsylvania

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