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 Interest is earned and remains untaxed until withdrawn, so your money starts working for you from the get-go.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
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 4.5% |
| 7 years | 4.55% |
Annuitant’s Actual Issue Age
- 0-84
- $10,000 - $1,000,000
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.
- Non-Qualified;
- IRA including Roth, SEP, Simple, and Traditional.
- TSP accepted as a rollover to IRA
- Inherited/Beneficiary IRA usually taken as a direct transfer
Riders
No Riders for Discovery Plus annuity.
Waivers
Death
Surrender Charges are waived upon death of the Annuitant.
- A.M. Best B++
