Discovery Plus (3-Year)
The Discovery Plus (3-Year) Annuity is a fantastic investment tool for those planning retirements. One of its greatest assets is its flexibility, offering growth and liquidity that adjust to your specific needs. You don't have to worry about outliving your savings anymore. Besides, it's a safe investment, with guaranteed reserves that will always match your annuity value.
How about charges? Here comes the good news: you aren't digging into your savings to cover set-up fees or other auxiliary costs. This top benefit means your premium begins accruing interest immediately. Additionally, you have the liberty to withdraw part of the accrued interest penalty-free right from the first year. Certainly, with the Discovery Plus Annuity you'd be harnessing the power of tax-deferred growth for your golden years.
Discovery Plus (3-Year)
Ratings:
- A.M. Best B++
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.2% |
Annuitant’s Actual Issue Age
- 0-99
- $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.
Tax Qualifier
- 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 (3-Year) annuity.
Waivers
Death
Surrender Charges are waived upon death of the Annuitant.
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