RateProtector NY
The RateProtector NY is a fantastic fixed annuity product for those looking to maintain and grow their assets. It focuses on helping those nearing, or in retirement, achieve financial independence. The product offers guarantees such as principal preservation and tax deferral. This annuity also includes a death benefit and flexible withdrawal options to accommodate your financial needs.
One of the key highlights of the RateProtector NY is its resilience to volatile market cycles. It ensures not just the preservation of your original investment, but also guarantees a minimum interest rate. This implies that your contract value isn't affected by market downturns. This product is perfectly suited for those who value financial stability and growth.
RateProtector NY
Ratings:
- A.M. Best A
- Fitch A
- S&P A
- Moody's A3
- Comdex 74
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.85% |
| 5 years | 3.65% |
| 7 years | 3.65% |
- Preservation of principal
- Guaranteed interest rates: The product has a guaranteed interest rate that will not change during the 3, 5, or 7-year guaranteed option period and credited daily.
- Tax-deferred interest accumulation
- Preservation of your legacy
Jackson RateProtector is available for a single premium payment of $10,000 for nonqualified and qualified money. Premium may not exceed $1,000,000 without prior approval. Jackson RateProtector may be issued to individuals aged 0-85.
Use some of your money each year, free of withdrawal charges
Each contract year you may withdraw up to a specified percentage of the accumulated value of your fixed annuity without incurring a withdrawal charge or an excess interest adjustment/market value adjustment, if applicable.
Death Benefit will be the accumulated value
No Return of Premium feature.
Note: TSP funds have to be rolled into an IRA.
Riders
No Riders for RateProtector NY annuity.
Waivers
Extended Care
After the first contract anniversary, if you (or a joint owner) are by medical necessity confined to a nursing home or hospital for 90 consecutive days, you may withdraw (one time only) up to 100% of the accumulated contract value without incurring a withdrawal charge. Home Health Care acceptable, it would require 24 hour in home care.
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