Discovery Plus
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Learn how an annuity can provide guaranteed income for life.
Highlights
Premium Type
|
Single Premium
|
---|---|
Max age Qualified
|
84
|
Minimum Contribution
|
$10,000
|
Maximum Contribution
|
$1,000,000
|
Market value adjustment
|
|
Return of premium
|
|
Free withdrawal
|
-100% |
Launch date
|
09/01/2020 |
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Discovery Plus MYGA offers the growth and liquidity to meet your retirement savings needs.
Annuitant’s Actual Issue Age
Annuitant’s Actual Issue Age
- 0-84
Minimum/Maximum Premium
- $10,000 - $1,000,000
Penalty-Free Withdrawals
Beginning in the first year of your Discovery Plus annuity, you may partially surrender (withdraw) the accrued interest on the date of the withdrawal or the current year Required Minimum Distribution (RMD) without surrender charges.
Beginning in the first year of your Discovery Plus annuity, you may partially surrender (withdraw) the accrued interest on the date of the withdrawal or the current year Required Minimum Distribution (RMD) without surrender charges.
Tax Qualifier
- Non-Qualified;
- IRA including Roth, SEP, Simple, and Traditional.
Note:
- TSP accepted as a rollover to IRA
- Inherited/Beneficiary IRA usually taken as a direct transfer
Find out if the Discovery Plus is the right product for you.
MYGA Interest Rates
Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
---|---|
5 years | 5% |
7 years | 5% |
Riders
No Riders for Discovery Plus annuity.
Waivers
Death
Surrender Charges are waived upon death of the Annuitant.
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