MYGA CA
The Royal Neighbors Multi-Year Guarantee Annuity (MYGA CA) is great for plan-ahead savers, offering reassuring benefits. Investing a lump-sum premium gets you steady tax-deferred growth until maturity. What's excellent is that MYGA CA guarantees your retirement savings will always grow, thanks to two guaranteed interest rate periods.
Need emergency funds? No worries, MYGA CA allows up to a 50% withdrawal of the account value, with no surrender charges attached. Plus, the annuity's strength is underscored by Royal Neighbors' longstanding financial reliability. This annuity is truly a safe bet for securing your future.
MYGA CA
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.9% |
| 5 years | 4.35% |
| 9 years | 4.5% |
Issue Ages:
- Owner and Annuitant: 18-85, age last birthday (non-qualified, traditional, and ROTH).
- Owner and Annuitant: 21-85, age last birthday (SEP).
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.
The interest earned may be withdrawn without Surrender Charges if withdrawn at any time in the contract.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.
Riders
No Riders for MYGA CA annuity.
Waivers
Annuitization
Any internal annuitization occurring during the Guaranteed Credited Interest Rate Periods outside of the 30-day window will waive Surrender Charges at the discretion of RNA. Surrender charges will be waived for early annuitization under the following conditions: 1. If the certificate is 5 years old and at least a 5-year certain annuity is selected for the payment option; or 2. If a life contingent annuity is selected and the monthly payment is less than or equal to the monthly payment for a 5-year certain annuity. Note that when Surrender Charges are waived, the Guaranteed Minimum Value will be used if larger than the Account Value for annuitization.
Surrender Window
No Surrender Charge applies during the final 30 days of the last Certificate Year of the guaranteed interest rate period.
Emergency Access
Automatically attached to all certificates and becomes effective on the issue date of the certificate. After the first certificate anniversary, the owner is eligible for a one-time withdrawal of up to 50% of the account value as of the beginning of the certificate year without surrender charges. The maximum withdrawal is $250,000. A qualifying emergency event (listed in the contract) must be met to utilize this benefit. There is no premium charge for this rider. This rider will terminate when the owner exercises the rider and takes a partial withdrawal due to a qualifying emergency or when the certificate terminates.
- A.M. Best A
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