EverStead MYGA
EverStead MYGA
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 2 years | 4.45% |
| 3 years | 4.55% |
| 4 years | 4.55% |
| 5 years | 4.75% |
| 6 years | 4.95% |
| 7 years | 4.95% |
| 8 years | 4.95% |
| 9 years | 4.95% |
| 10 years | 4.95% |
- Choose your premium. $25,000 premium minimum to $2,000,000 maximum.
- Select the length of your contract. We offer 2-, 3-, 5-, 7-, 8-, 9-, and 10-year guarantee period options.
Ten percent (10%) of the Contract Value is available annually as a Free Withdrawal Amount. Free Withdrawal Amount is based on the Contract Value at the beginning of the most recent Contract Year.
Death Benefit
Upon death, the greater of the Contract Value or the Minimum Value will be paid to the beneficiary. The Death Benefit is free of Withdrawal Charges or MVA.
Market Value Adjustment
MVA may apply to any withdrawals in excess of the Free Withdrawal.
Annuitization
After the first Contract Year, the full Contract Value may be annuitized under any of the available annuity options (Life Income, Joint and Survivor Income, Life Income with Cash Refund and Life Income with a Period Certain of 10 or 20 years).
Free Look Period
The contract may be returned to Talcott within the Free Look Period and receive a full refund of premium, minus any withdrawals taken.
Riders
No Riders for EverStead MYGA annuity.
Waivers
Death
The Death Benefit is free of Withdrawal Charges or MVA.
Hospital
Hospital: 1. Eligibility begins after the first Contract Anniversary for Owner or Joint Owner. 2. Contract Owner must be confined to a qualified Nursing Home or Hospital for 90 consecutive days, starting after the Contract Issue Date.
Nursing Home
Nursing Home: 1. Eligibility begins after the first Contract Anniversary for Owner or Joint Owner. 2. Contract Owner must be confined to a qualified Nursing Home or Hospital for 90 consecutive days, starting after the Contract Issue Date.
Terminal Illness
Terminal Illness: 1. Eligibility begins after the first Contract Anniversary for Owner or Joint Owner. 2. Diagnosis must have occurred after the Contract Issue Date. 3. Diagnosis must be made by a certified physician that death will occur in 12 months or less following the physician's statement.
Surrender Window
There will be a 30-day window following the start of the new GOP during which the client may elect to make a full or partial withdrawal without incurring Withdrawal Charges or MVA.
RMD
Required Minimum Distributions may be taken without Withdrawal Charges or Market Value Adjustment (MVA). RMDs are considered part of the allowed Free Withdrawal Amount.
- A.M. Best A-
- Fitch A-
- S&P BBB+
- Moody's Baa1
- Comdex 57
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