Thrivent Multi-Year Guarantee Annuity with MVA
The Thrivent Multi-Year Guarantee Annuity is a perfect fit for those mostly concerned about long-term financial goals. An excellent feature is the guaranteed fixed interest rate over several years, providing a secure and predictable income. Plus, the tax-deferral on earnings allows your money to accumulate even faster.
This annuity offers flexibility in choosing the premium amount, ranging from $10,000 to $2 million, and the guarantee period from 3 to 9 years. Another appealing benefit is the legacy feature, enabling you to leave remaining invested assets to your chosen beneficiaries. With Thrivent’s reputable standing and strong track record, this annuity product certainly stands out as a wise choice for retirement planning.
Thrivent Multi-Year Guarantee Annuity with MVA
Ratings:
- A.M. Best A++
- S&P AA+
- Moody's Aa2
- Comdex 100
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 3.8% |
| 5 years | 3.9% |
| 7 years | 4% |
| 9 years | 4.05% |
When you purchase a MYGA you will select the single premium amount that best fits your financial needs and goals. The minimum purchase is $10,000 and the maximum is $2 million.
A MYGA is available in two versions—return of premium (ROP) or market value adjustment (MVA). Each version has its pros and cons, but the version you choose will depend upon your needs, goals and overall retirement plan.
Market value adjustment (MVA)
An adjustment—either positive or negative—is made to the amount withdrawn if you make a surrender that is greater than the free surrender amount during the surrender charge period. If a surrender occurs and MYGA interest rates have decreased since the contract was issued, the adjustment will be positive, and the accumulated value will increase. If a surrender occurs and MYGA interest rates have increased since contract issue, the adjustment will be negative and the accumulated value will decrease.
Accessing your funds
With either version of MYGA, you may surrender at least 10% of the accumulated value each year without a surrender charge. The exact amount you can surrender free of charges during the guarantee period will depend on which version you have.
MVA version:
You can surrender 10% of the accumulated value each contract year.
Surrenders taken each year that exceed these amounts will be subject to a surrender charge.
Riders
No Riders for Thrivent Multi-Year Guarantee Annuity with MVA annuity.
Waivers
Surrender Window
Once you reach the end of the period you’ve chosen, you can surrender the MYGA contract with no surrender charges.
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