Stellar Security
Looking for a reliable annuity? Stellar Security 5 Year Guaranteed Annuity promises a confident future! This Single Premium Deferred Fixed Multi-Year Annuity guarantees an interest rate, waives withdrawal charges conditionally, and provides a monthly income at maturity.
Thoughtfully designed for individuals aged 18-90, it offers free withdrawals up to 10% of the previous contract anniversary's Contract Value and even waives withdrawal charges for tax-qualified withdrawals. This annuity can be an important pillar of your retirement plan!
Stellar Security
Ratings:
- A.M. Best B+
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 3.95% |
Issue Ages
18-90 Available with prior Home Office Approval for individuals under 18 years of age.
Free Withdrawals
Withdrawals up to 10% of the previous contract anniversary’s Contract Value and is allowed once per Contract Year, beginning on the contract’s first anniversary. Interest Only withdrawals are available after 1st month.
Required Minimum Distribution
Withdrawal charges will be waived or free for tax-qualified withdrawals that are necessary to meet IRS Required Minimum Distributions after the sixth contract month.
Death Benefit
The amount of the Death Benefit will be the greater of the Contract Value without any reduction due to any Withdrawal Charge, or the Guarantee Minimum Surrender Value
Riders
No Riders for Stellar Security annuity.
Waivers
Death
Withdrawal charges will be waived upon death of the Owner (or Joint Owner), or the Annuitant if the Owner is not a natural person.
Confinement
The Medical Facility Benefit is a waiver benefit provided free of any charges or fees. The waiver is standard on all Qualified and Non-Qualified Contracts when an individual owner, or if Jointly Owned, the oldest Owner has not attained Age eighty-five (85) on the Contract Effective Date. If the Owner is a Non-Natural Person entity, the Age restriction is based on the Age of the annuitant. You are eligible for the Medical Facility Benefit after the first Contract Anniversary, if your confinement began after the Contract Effective Date, and you satisfy all the requirements of this benefit. The Medical Facility Benefit requires a minimum sixty (60) day consecutive stay at a Health Care Facility. Mental health and substances abuse facilities do not qualify. The maximum Free Withdrawal Amount under the benefit is calculated at time of disbursement at 50% of the Contract Value on the previous Contract Anniversary date.
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