Staysail MYGA with Liquidity Rider
Staysail MYGA with Liquidity Rider
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 5.09% |
| 5 years | 5.06% |
| 7 years | 4.91% |
Guaranteed Option Period (GOP)
Select between 3, 5, or 7 Years. Simple interest is credited daily and is guaranteed for the entire term. Only one GOP may be elected per contract.
Withdrawals
- Premium allocations to a 3, 5 or 7-Year GOP term may be enhanced with a Free Withdrawal Rider for an interest rate reduction of 0.30% for the 3-Year GOP, 0.40% for the 5-Year GOP, and 0.50% for the 7-Year GOP.
- With the Free Withdrawal Rider, 10% Free Withdrawals of the Accumulated Value are allowed annually, based on the most recent Contract Anniversary. These distributions may be received without a Withdrawal Charge or Market Value Adjustment.
A Market Value Adjustment (MVA) may apply to any withdrawals exceeding the allowed free withdrawal amount for any GOP. The MVA may increase or decrease the amount received from the withdrawal.
Annuitization
After the first Contract Year, the Contract’s full Accumulated Value may be annuitized under any available annuity options in the Contract.
Death Benefit
Upon death, the full Accumulated Value will be paid to the Beneficiary. The Death Benefit is free of withdrawal charges or MVA.
Riders
No Riders for Staysail MYGA with Liquidity Rider annuity.
Waivers
Death
The Death Benefit is free of withdrawal charges or MVA.
Terminal Illness
Waiver provides access to 100% of the Accumulated Value up to a maximum of $250,000. Eligibility begins after the first Contract Anniversary and is available for an Owner or Joint Owner. Diagnosis may have occurred at any time on or after the Contract Issue Date. Diagnosis must be made by a certified physician that death will occur in 12 months or less following the physician’s statement. Not available in all states.
Extended Care
Waiver provides access to 100% of the Accumulated Value up to a maximum of $250,000. Eligibility begins after the first Contract Anniversary and is available for an Owner or Joint Owner. Must be confined to a qualified Hospital or Nursing Home for 90 consecutive days, starting after the Contract Issue Date. Not available in all states.
- A.M. Best A-
