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Best Guaranteed Annuity Rates
2-Year
5.25%
3-Year
6.25%
5-Year
6.30%
7-Year
5.80%
10-Year
5.80%

Discovery 6

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Learn how an annuity can provide guaranteed income for life.

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  

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
6 years 4.65%

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