Bankers Elite 9

With the Bankers Elite 9 annuity, you're planning for a secure future. This product provides competitive rates and guaranteed returns without exposing you to stock market risks. It is an attractive alternative to CDs, allowing your retirement savings not only to grow but also to enjoy the benefit of tax deferment. Plus, there are no annual maintenance fees, so your money works harder for you.

Moving into the specifics, this annuity offers multiple interest rate guarantees and is available up to age 90. It is the perfect choice if you are looking for a product designed to accumulate money for retirement and do not foresee needing to access funds during the contract period. At the end of the selected term, your annuity account will be fully liquid, offering you complete control over your finances.

Bankers Elite 9

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About Product

Premium Type

Single Premium

Fee withdrawal:

None

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, 401a, IRA Transfer, SEP IRA, IRA-Roth, Inherited IRA, NQ Stretch, and TSP

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
9 years	4.8%

Bankers Elite 9 is a Single Premium Deferred Annuity designed to accumulate money for retirement. It is suitable for use as an IRA or as an attractive alternative to CDs and other taxable vehicles. (Not available as 403(b) or SIMPLE IRA.) You can start your Bankers Elite annuity with a minimum premium of $10,000 (Non-Qualified) or $5,000 (Qualified).

How Interest is Credited
Interest is credited at an initial interest rate guaranteed for the Initial Guarantee Period you select. At the end of the Initial Guarantee Period and each contract year thereafter, a new rate will be declared for the following contract year. Each year after the Initial Guarantee Period you select, the minimum guaranteed interest rate can vary between 1% and 3% from year to year. The minimum guaranteed interest rate is calculated each contract year after the Initial Guarantee Period by using the average of the five-year Constant Treasury Rate for each business day starting with October 15th of the preceding calendar year and ending with December 15th of the preceding calendar year, less one hundred twenty-five basis points, then rounded to the nearest 120th of 1%. This rate will not exceed 3% nor fall below 1%. Your interest is credited and compounded daily to yield our declared annual rate.

Liquidity
After the contract has been in force for thirty (30) days, you may withdraw a portion of your policy value by making a partial surrender. All partial surrenders (including required minimum distributions from qualified retirement accounts) will be reduced by any applicable surrender charges and MVA. The amount of a partial surrender must be at least one hundred dollars ($100). The remaining Accumulated Value after any partial surrender must be at least one thousand dollars ($1,000). A 10% IRS penalty may apply to all amounts withdrawn before the owner reaches age 59½.

Market Value Adjustment (MVA)
The Market Value Adjustment is an amount by which we adjust the Accumulation Value. An MVA will apply to a full surrender or to a partial withdrawal during the Initial Guarantee Period. The MVA may increase or decrease your Accumulation Value, depending on whether interest rates have fallen or risen from the time of purchase. If interest rates have declined, your Accumulated Value could be higher. If interest rates have increased, your Accumulated Value could be lower. The MVA is not assessed after the Initial Guarantee Period. Assets subject to MVA are not held in a separate account.

Note: we take TSP as a rollover to IRA.