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
The most basic way to get money out of your annuity is to take a withdrawal. Each year, you can take out up to 12% of your account value with no penalties. If you need to take out more than that, a penalty (known as a “surrender charge”) will apply to whatever portion of your withdrawal is above the 12% threshold.

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. Generally speaking, if interest rates are higher when you take the withdrawal than they were when you bought the annuity, an MVA will probably decrease the amount you receive. If interest rates have dropped, an MVA will probably increase the amount you receive. 

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.