LunarGuard 3
The LunarGuard 3 annuity makes retirement planning smoother. Its key highlight is the guarantee of growth each year. This guarantees that the money in your annuity will increase at a set interest rate year after year, ensuring predictability and stability for your future. Plus, the LunarGuard 3 isn't affected by the market, so your money will continue to grow even if the financial market struggles.
Another great thing about the LunarGuard 3 annuity is that you can withdraw money from your annuity and turn your interest into income. This product allows you to enjoy your retired life to the fullest, be it traveling, supporting loved ones, or pursuing personal passions. Even better, LunarGuard 3 can provide annual payments for life once you decide to activate it. Safe, stable, and flexible, it's a strong addition to your retirement wealth strategy!
LunarGuard 3
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.85% |
Every year, the money in your annuity will increase by a set interest rate, and you’ll know that rate ahead of time. Your money may not grow as fast as it could with some other options, but that’s predictability you can bank on.
How much do you want to spend?
You can spend between $10,000 and $2 million dollars to buy your LunarGuard annuity. If you spend $100,000 or more, you’ll receive higher guaranteed growth rates.
What’s your timing look like?
There are three LunarGuard annuities to pick from, and each one guarantees growth for a different number of years: 3, 5 or 7. When those years are over, you’ll start a new guaranteed growth period for the same number of years in most cases. Figuring out when you want to retire – and when you might want to start withdrawing money – will help you decide which product fits your retirement strategy.
Withdrawals
You may withdraw 5% of the total Contract Value as of the prior contract anniversary without incurring a Surrender Charge or Market Value Adjustment. Unused Free Withdrawal amounts cannot be carried over to future Contract Years. There may be tax consequences any time a withdrawal is taken from your annuity.
Market Value Adjustment (MVA)
An adjustment made to the amount you receive if you withdraw more than you’re allowed each year. MVAs only apply during the surrender period. An MVA can increase or decrease the amount of your withdrawal depending on whether interest rates are higher or lower than when you bought the annuity.
Non-Market Value Adjustment (Non-MVA)
Some versions of the product do not include an MVA, in which case an adjustment would not be made based on changes in interest rates.
Death benefit
If you pass away before lifetime payments start, you can choose who receives your remaining account value. Other options may exist if you pass away after lifetime payments start, but they’ll depend on how many annual payments you’ve received.
Riders
No Riders for LunarGuard 3 annuity.
Waivers
Hospital
Unavailable in states: CA
Nursing Home Rider Allows access to your account value without surrender charges if the annuity’s owner requires qualified admission to a hospital or in-patient nursing facility for at least 30 consecutive days. Confinement must begin after the first contract anniversary. Available for issue ages 18-80. Not available in all states.
Nursing Home
Unavailable in states: CA
Nursing Home Rider Allows access to your account value without surrender charges if the annuity’s owner requires qualified admission to a hospital or in-patient nursing facility for at least 30 consecutive days. Confinement must begin after the first contract anniversary. Available for issue ages 18-80. Not available in all states.
RMD
The product includes Penalty-Free Withdrawal Provisions for RMD.
- A.M. Best A
- Fitch A
- Moody's Baa1
- Comdex 72
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