Western United Life Assurance Company
4.7
based on complex data
Annuity Educator Rating
Annuity review

Discovery Plus

The Discovery Plus Annuity is a safe and reassuring choice for those planning for their golden years. Issued by the Western United Life Assurance Company, it guarantees both premium and interest. Plus, there are no sales charges or fees to worry about and it offers tax-deferred growth! Interest is earned and remains untaxed until withdrawn, so your money starts working for you from the get-go.

It's designed to work for you in multiple ways. You can choose a guarantee period of 3, 5, or 7 years. Plus, your annuity can be set to make regular distributions, meeting your need for consistent cash flow. The minimum premium amount is affordable, and surrender charges are waived upon your unfortunate demise. The best part is the death benefit which can help ease wealth transfers and reduce probate process hassles. This annuity surely eases the worrisome part of planning for retirement.

Discovery Plus-brochure Discovery Plus-brochure

Discovery Plus

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About Product

Premium Type
Single Premium
Fee withdrawal:
Interest only
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
84
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP
Launch Date
09/01/2020

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
5 years 4.5%
7 years 4.55%
Discovery Plus MYGA offers the growth and liquidity to meet your retirement savings needs.

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. 

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

Year by Year Account Balance

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Riders

No Riders for Discovery Plus annuity.

Waivers

Death

Surrender Charges are waived upon death of the Annuitant.

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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