Discovery 6

Choose the Discovery 6 Annuity for security in your retirement planning! With this robust annuity, you benefit from guaranteed returns thanks to Western United Life Assurance, a company legally bound to maintain reserves matching your annuity's surrender value. You have the flexibility to select from several guarantee periods that suit your specific needs, ranging from 3 to 7 years.

This annuity is user-friendly with penalty-free withdrawals of up to 15% of the Annuity Value per calendar year on 5, 6, or 7-year plans, available from the first year of your annuity. Plus, you can easily set up regular distributions to suit your income needs. With a minimal single premium, Discovery 6 can be an ideal choice for anyone aged 0-84, seeking assured and steady returns for their golden years.

Discovery 6

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About Product

Premium Type

Single Premium

Fee withdrawal:

15%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$1,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP

Launch Date

01/01/2015

MYGA Interest Rates

Term	Rate Annual percentage yield (APY) earned over the investment term
6 years	4.35%

The Discovery annuity is a single premium deferred, multi-year guarantee annuity. You have a choice of guarantee periods ranging from 3 to 7 years. Western United Life Assurance Company (WULA), as a legal reserve life insurance company, is legally required to maintain reserves equal to the surrender value of your Discovery annuity at all times. Insurance laws require levels of capital and surplus that provide an even greater margin of safety. Both premium and interest are 100% guaranteed by Western United Life Assurance Company.

Penalty-Free Withdrawals
Beginning in the first year of your Discovery annuity, you may withdraw (Partial Surrender) the accumulated interest or RMD on the 3 year plan, or up to 15% of the Annuity Value per calendar year on the 5, 6, or 7 year plans without fees or charges.

Distribution Options
Your Discovery annuities can be set up to make regular periodic distributions, such as monthly interest. Partial Surrenders may be made on a monthly, quarterly, semiannual or annual basis and need to be set up as Electronic Fund Transfer (EFT).

Minimum Single Premium

$10,000 for 3, 5, and 7 year plans
$25,000 for 6 year plan
Over $1,000,000 requires approval from the Home Office before submitting an application

Tax Qualifier

Non-qualified, or
Qualified, including Traditional IRA, Roth IRA, SEP IRA and Simple IRA.

Note:

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

Issue Ages
Annuitant’s actual age on the contract date, which is the date of issue, must be:

0-99 for 3 year plan
0-84 for 5, 6 and 7 year plans

Year by Year Account Balance

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Investment Amount

Riders

No Riders for Discovery 6 annuity.

Waivers

Death

If the Annuitant dies before payments have begun under a Settlement Option, surrender charges are waived. If the Annuitant and Owner are not the same person, and the Owner dies while the Annuitant is still alive, surrender charges are not waived.

Company Founded: 1963

Good Rated Company

Western United Life Assurance Company

Company Ratings

4.3