Thrivent Multi-Year Guarantee Annuity with ROP (9-Year)
The Thrivent Multi-Year Guarantee Annuity (MYGA) is just what you need for a secure retirement. Your premium earns a guaranteed fixed interest at a selected rate, allowing you to accumulate assets over multiple consecutive years. The best part? The earnings on your investment are tax-deferred until you're ready to withdraw.
Your MYGA annuity lets you leave a lasting legacy, preserving unused funds for your beneficiaries. In addition, you have the flexibility to select the single premium amount, guarantee period, and between the Return of Premium (ROP) or Market Value Adjustment (MVA) options. It's an annuity product with unmatched versatility tailor-made to give you peace of mind for your golden years.
Thrivent Multi-Year Guarantee Annuity with ROP (9-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 |
|---|---|
| 9 years | 3.85% |
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 (9-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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