6-Year MYGA with RMD Rider
6-Year MYGA with RMD Rider
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 6 years | 5% |
The minimum deposit is $10,000.
Other than the Surrender Charge, KSKJ Life will not deduct fees, charges, or loading amounts from contributions or the Accumulated Fund Value either before or at the Maturity Date.
Penalty-free withdrawals are available through riders. These riders will result in a reduction of the crediting rate.
Required Minimum Distribution Rider
Beginning in the second Certificate Year, the Withdrawal Charges will be waived for Required Minimum Distributions attributed to this Certificate. The Required Minimum Distribution will be calculated as prescribed under the Internal Revenue Code.
Please note that the Required Minimum Distribution Rider is included into this product. The product without the Required Minimum Distribution Rider is available separately.
To submit an application for a KSKJ Life annuity, please contact KSKJ Life at 855-332-8809 or by [email protected]
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Required Minimum Distribution Rider | Yes | 0.10% rate reduction |
Waivers
Death
Surrender Charge or MVA waived on death.
Nursing Home
Enhanced Benefit allows the owner to withdraw 50% of the value if the owner is confined to a Nursing home for 90 continuous days or more. There is no charge for this benefit.
Terminal Illness
Enhanced Benefit allows the owner to withdraw 50% of the value if the owner is diagnosed with a terminal illness. There is no charge for this benefit.
Annuitization
Surrender charges are not waived on annuitization/election of income option if within the surrender period.
Surrender Window
After the initial guarantee period, if an owner does not choose one of the options provided, the contract will automatically renew for another multi-year period of the same duration. Surrender charges and Market Value Adjustments will be waived within the first 30-days of the new multi-year guarantee period, but will apply after that 30-day period.
RMD
Allows for withdrawal of RMD each calendar year on qualified annuity contracts.
- A.M. Best -
