Best Guaranteed Annuity Rates

Apollo - MVA (Most States)

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Key Takeaways

  • The Apollo - MVA is a Single Premium Deferred Annuity with a Market Value Adjustment which caters to safety conscious individuals.
  • It offers multiple premium stages, from initial minimum of $5,000, to age-based maximums ranging from $500,000 to $1million.
  • Various income options are available, from life annuity to joint and last survivor annuity.
  • Offers 10% annual penalty-free withdrawal and up to 10% annuity penalty-free withdrawal post first year.
  • Death benefits are payable to beneficiaries, with different structures based on the annuitant's identity.
  • Provides option for nursing home care, with penalty-free withdrawal under certain circumstances.

Pros and Cons of Apollo - MVA (Most States)


  • Provides guaranteed growth and tax-deferred earnings.
  • Allows flexibility in accessing money from first day of contract.
  • Option to rollover or transfer funds from IRAs or qualified pension without surrender penalties.
  • Offers provision for penalty-free access upon confinement in nursing home care.


  • Market value adjustment applies to early withdrawals and full surrender of annuity within the first seven years.
  • Subject to surrender penalties on early withdrawal beyond penalty-free amount.
  • Death benefit equals annuity value only if the owner is the annuitant.
  • Requires ownership and annuitant to be the same person for non-natural entities.
The Apollo - MVA is a Single Premium Deferred Annuity with a Market Value Adjustment. The minimum initial contribution is $5,000. Systematic withdrawal of interest or 10% annual withdrawal beginning in the first year. Cumulative beginning in year 3 up to a maximum of 30% of the single premium.

Minimum Premium:
  • $5,000 
Maximum Premium: 
  • Age 0-75 - $1,000,000 
  • Age 76-85 - $500,000 
(premium over thresholds above require prior approval.)

Income Options 
  • Life annuity—A monthly income payable over the annuitant’s lifetime. 
  • Life annuity with payments certain—A monthly income payable over the annuitant’s lifetime with the additional guarantee that in the event of death prior to the end of the specified period (such as 5, 10 or as long as 20 years), payments will continue to your designated beneficiary for the remainder of the specified period. 
  • Designated period annuity—A monthly income payable in equal installments for a specified period (such as 5, 10 or as long as 20 years). 
  • Joint and last survivor annuity—A monthly income payable over the lifetime of an annuitant and thereafter during the lifetime of a designated surviving annuitant. 

Death Benefit
Your annuity contract’s death benefit is payable to your beneficiary upon your death. If you are also the annuitant, then your policy’s death benefit will be equal to the annuity’s value. If the annuitant is someone other than you, the policy’s death benefit is equal to the annuity value less any applicable surrender charges.

Funding Your Annuity
  • IRA rollovers & transfers - All of our fixed annuities can be purchased as Traditional Individual Retirement Annuities with rollover funds from qualified employer plans or rollovers or transfers from existing IRA accounts with other financial institutions 
  • Roth IRA conversions -  All of our fixed annuities can be purchased as Roth Individual Retirement Annuities and can be used to convert Traditional IRAs to Roth IRAs 
TSP funds have to be rolled into an IRA.
Reliance Standard only issues
Inherited IRA annuity contracts under the following qualifications:
  1. The Beneficiary (new owner) must be the original (1st Generation) beneficiary of the deceased Traditional/SEP IRA Owner.
  2. The Beneficiary (new owner) must be age 65 or younger.
  3. The original Traditional/SEP IRA Owner’s Date of Death may be no more than five years from the application date.
  4. The original Traditional/SEP IRA Owner’s Date of Death must have occurred prior to January 1, 2020.
Partial Withdrawals: During the first 12 months of your contract, you can withdraw up to 10% of the single premium paid penalty-free, and, in any contract year thereafter, up to 10% of the annuity value penalty-free. If you should withdraw more than the penalty-free amount in any contract year, the entire amount withdrawn during that contract year is subject to the applicable MVA and surrender charges.

Cumulative Withdrawal Benefit: If no penalty-free withdrawal is taken in contract year two or any contract year thereafter, the amount of that contract years penalty-free withdrawal may be carried over into the following year. If no withdrawals are made for one or more successive years, the penalty-free withdrawal will accumulate up to a maximum penalty-free withdrawal limit of 30% of the single premium paid. Any penalty-free withdrawal carry over balance will return to zero as soon as a penalty free withdrawal of any amount is taken. 

Traditional Fixed Annuity Interest Rates

Surrender Years First Year Yield Term Guaranteed Yield Term Current Yield
7 6.6% 3.51% 4.89%

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