MYGA 5

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About Product

Premium Type

Single Premium

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$5,000

Maximum Contribution

$300,000

Min Age Qualified

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, Profit Sharing, Traditional IRA, Spousal IRA, Pension, IRA Rollover, 401a, IRA Transfer, TSA 403b, SEP IRA, KEOGH, IRA-Roth, SIMPLE IRA, 457 plan, 1035 Exchange, Stretch IRA, Inherited IRA, NQ Stretch, TSP, Roth Conversion (Partial), and Roth Conversion (Full)

Launch Date

07/01/2026

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
5 years	4.6%

The MYGA 5 is a single premium multi-year guarantee annuity offering tax-deferred growth with interest compounded daily. The interest rate is locked at issue and guaranteed for the full five-year term. It is available in both qualified and non-qualified plans, including ROTH, with joint spousal ownership available on non-qualified contracts.

Minimum Deposit
$5,000 – Maximum $300,000 (Q/NQ)
Single premium.
Home office approval is required for amounts over the maximum deposit shown.

Issue Age
18 to 90.

Access to Funds
A 10% penalty-free withdrawal is available each contract year. Distributions above the penalty-free amount during the surrender period are subject to a surrender charge. There are no surrender penalties after the initial term.

Death Benefit
The death benefit is the full account value.

Penalty-Free Withdrawals

Interest Withdrawal available after only 30 days, Penalty-Free
10% Annual Withdrawal – up to 10% of the cash value each year (contractual)
RMD – Required Minimum Distributions for qualified plans are always Penalty-Free
Death Benefit – if the annuitant passes away, Penalty-Free
Annuitization – if converted to an income stream equal to the original issued annuity term, Penalty-Free

Additional Details

Western Catholic Union is a fraternal benefit society.
WCU honors a 45-day rate lock - must receive funds from transferring company within 45 days of receipt of app.
All plans include a Living Benefit Rider

Riders

No Riders for MYGA 5 annuity.

Waivers

Death

Nursing Home

Nursing Home: Up to 50% coverage, Penalty-Free. This benefit applies only in the second year of the certificate and beyond, with each eligible event limited to one occurrence. Available only for issue ages 80 and under.

Terminal Illness

Heart Attack: Up to 25% coverage, Penalty-Free. Cancer Diagnosis: Up to 25% coverage, Penalty-Free. These benefits apply only in the second year of the certificate and beyond, with each eligible event limited to one occurrence.

Unemployment

Unemployment: Up to 50% coverage, Penalty-Free. This benefit applies only in the second year of the certificate and beyond, with each eligible event limited to one occurrence. Available for those aged 64 and younger.