Thrivent Multi-Year Guarantee Annuity with ROP (7-Year)
The Thrivent Multi-Year Guarantee Annuity with ROP is a great tool for retirement planning. It offers dependable interest earning with a guaranteed fixed rate, and the best part is tax-deferred growth, which lets your investment accumulate faster. In addition, you choose the premium and guarantee period to match your financial needs and timing. No need to worry about outlasting your savings.
Another comforting feature is the legacy benefit; you can pass any remaining investment to loved ones or your favorite causes. And if needs change, you can access your money, up to 10% of the annuity’s value each year without a surrender charge. Plus, Thrivent is a highly-rated, solid organization that's been providing financial solutions for over 120 years. A fantastic choice for a more secure retirement!
Thrivent Multi-Year Guarantee Annuity with ROP (7-Year)
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 |
|---|---|
| 7 years | 3.75% |
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.
Return of premium (ROP)
Thrivent guarantees that if the contract is terminated, it will pay in cash no less than the premium paid less the sum of any previous surrenders.
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.
ROP version:
You can accumulate free surrenders up to a maximum of 25%. The accumulation takes place as follows:
- 10% free each contract year.
- 20% free if no surrenders in the prior contract year.
- 25% free if no surrenders in the prior two contract years.
Riders
No Riders for Thrivent Multi-Year Guarantee Annuity with ROP (7-Year) 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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