4.9
based on complex data
Annuity Educator Rating
Annuity review
MYGA 5-Year Annuity
Secure your future with MYGA 5-Year Annuity from PRCUA! This perfect plan is designed to help people of all age groups. With a minimal initial deposit of just $1,500, it's a financial lifeboat for your family's future. Plus, say goodbye to service charges with this competitive product.
Flexibility is king here! Not only is this annuity available for non-qualified funds, but also Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, and TSA. Best yet, you can annually pull 10% of your account value penalty-free. It's a perfect blend of stability and fluidity.
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About Product
Premium Type
Flexible Premium
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$1,500
Maximum Contribution
$500,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and SIMPLE IRA
Launch Date
09/01/2022
Traditional Fixed Annuity Interest Rates
Surrender Years | First Year Yield | Term Guaranteed Yield | Term Current Yield |
---|---|---|---|
5 | 5.25% | 3.9% | 5.25% |
PRCUA offers annuity plans in our portfolio of financial products. Our annuities play an important part in helping current and prospective members to secure their family’s financial future. The annuities offered in our portfolio are extremely competitive in today’s market. Best of all, our annuity products have no service charges.
Issue Age
0 - 90
Minimum Initial Deposit
$1,500
Minimum Optional Additional Deposit
$25
Plan Types
Non-Qualified, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, TSA
Annual Surrender Charge Free Withdrawals Allowed
Up to 10% of the account value can be withdrawn annually without surrender charges within term period.
Issue Age
0 - 90
Minimum Initial Deposit
$1,500
Minimum Optional Additional Deposit
$25
Plan Types
Non-Qualified, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE-IRA, TSA
Annual Surrender Charge Free Withdrawals Allowed
Up to 10% of the account value can be withdrawn annually without surrender charges within term period.
Withdrawals may be taxable and a 10% IRS penalty may apply to withdrawals taken before age 59½.
Riders
No Riders for MYGA 5-Year Annuity annuity.
Waivers
No Waivers for MYGA 5-Year Annuity annuity.
Company Founded: 1873
Good Rated
Company
Company Ratings
4.9
- A.M. Best -
Assets: $227,549,823
Illinois