ECAccumulate
Retire comfortably with the ECAccumulate Fixed Annuity. It's a safe investment designed for tax-deferred growth, backed by SBLI's 100-year record of financial strength. Be it unforeseen circumstances or mandatory minimum distributions, you can easily access a range of withdrawal options.
Whether it's triggering a stream of income for life or ensuring your beneficiary gets the full accumulated value upon your death, this annuity product has got you covered. Plus, enjoy the power of tax deferral in growing your retirement money. Secure your dream retirement by investing with ECAccumulate today!
ECAccumulate
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 5.15% |
The ECAccumulate Fixed Annuity offers competitive initial interest rates that are guaranteed for five years.
Market Value Adjustment (MVA)
An MVA is an adjustment to withdrawals or surrenders that are made prior to the end of the initial interest rate guarantee period.
Death Benefit
Upon death of the Owner, the accumulated value is paid to the beneficiary unless the Owner specified a non-lump sum payment.
Free Withdrawal Provision
From the first contract year, the Owner can partially surrender up to 5% of the accumulated value each contract year without incurring any surrender charges or MVA. If the total partial surrenders in any contract year exceed the free amount, surrender charges and MVA will apply to the excess amount surrendered in that contract year. Surrenders may be subject to Federal/State income tax and, if taken prior to age 59 ½, an additional 10% Federal penalty tax. Please consult your tax advisor.
Annuitization
The Owner may choose a lifetime of income or another payout option currently available. Contracts annuitized within the first three contract years may be subject to MVA and surrender charges.
Riders
No Riders for ECAccumulate annuity.
Waivers
Nursing Home
You may surrender all or withdraw a portion of your accumulated value without any surrender charges or MVA if you are confined in a nursing facility for 30 consecutive days.
Terminal Illness
You may surrender all or withdraw a portion of your accumulated value without any surrender charges or MVA if you have been diagnosed as having a terminal condition with not more than 12 months to live.
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