Western United Life Assurance Company
4.8
based on complex data
Annuity Educator Rating
Annuity review

New Horizon 7 Plus

The New Horizon 7 Plus is a trustworthy choice when planning for a worry-free retirement. It ensures a consistent stream of income, providing you financial stability for your golden years.

Its flexibility caters to diverse needs. Moreover, the innovative edge of Horizon 7 Plus is its potential for higher returns. So, rest easy knowing your future is secure with New Horizon 7 Plus.

New Horizon 7 Plus-brochure New Horizon 7 Plus-brochure

New Horizon 7 Plus

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About Product

Type
Fixed Index
Purpose
Accumulation
Term
7 Years
Surrender schedule
9.3%
8.8%
7.9%
6.9%
5.9%
5%
4%
Fee withdrawal:
5%
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP
Launch Date
01/19/2021
The Western United Life New Horizon annuity is a Single Premium, Tax-Deferred Annuity with a Market Value Adjustment (MVA) and Index-Linked Interest.
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2% Fixed
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.75% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 9% 8% 7% 6% 5% 4%

Hypothetical Projection

Comparison against S&P 500 using current rates
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Riders

No Riders for New Horizon 7 Plus annuity.

Waivers

Death

Upon Death of Anuitant.

Nursing Home

You can surrender your entire annuity value free of charge if the annuitant becomes confined to a Nursing Home for at least 90 consecutive days and meet the requirements specified in your contract. The nursing home waiver does not include home health care.

Terminal Illness

You can surrender your entire annuity value if the annuitant is diagnosed with a terminal illness that results in a life expectancy of 12 months or less and if you meet the other requirements specified in your contract.

Premium Notes

Note: 
  • TSP accepted as a rollover to IRA
  • Inherited/Beneficiary IRA usually taken as a direct transfer

Company Founded: 1963
Good Rated Company
Western United Life Assurance Company
Company Ratings
4.3
  • A.M. Best B++
Assets: $1,702,767,229
Washington

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