MYGA CA

Royal Neighbors Multi-Year Guarantee Annuity (MYGA) allows for one lump-sum premium. It will earn tax-deferred interest until maturity, which provides guaranteed growth. MYGA provides you with two guaranteed interest rate periods, each of the same length – 3, 5, or 9 years. After the second guaranteed interest rate period, the MYGA will not credit interest below the minimum guaranteed interest rate. With the two guaranteed interest rate periods and the minimum guaranteed interest rate, you will be accumulating retirement savings with the comfort in knowing your nest egg will always grow.

Issue Ages:

Minimum Premium: $10,000

Maximum Premium: Accept up to $500,000 within a one-year period without prior company approval. Amounts over $500,000 require company approval.  Maximum premium is $1,000,000.

Partial Withdrawal:
If any Partial Withdrawal reduces the Account Value below the minimum premium, the company reserves the right to pay the full surrender value and terminate the Certificate.

Surrender Charges will not apply to Partial Withdrawals of interest credited.

Each Partial Withdrawal is characterized first as a withdrawal of interest earnings and second as a withdrawal of premiums paid.

Withdrawal of Interest Earnings:
The interest earned may be withdrawn without Surrender Charges if withdrawn at any time in the contract. Each withdrawal is characterized first as a withdrawal of interest earnings and second as a withdrawal of premiums paid.

Cash Surrender Value
The Owner may surrender for Cash Surrender Value at any time on or before the Maturity Date.  Cash Surrender Value on any day is the Cash Value on the date calculation, less any indebtedness. Cash Value is equal to the greater of (a) the Account Value, less any Surrender Charge or (b) the Guaranteed Minimum Value.