LunarGuard 5

LunarGuard is an Individual Single Premium Multi-Year Guaranteed Annuity 
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.