Western United Life Assurance Company
5
based on complex data
Annuity Educator Rating
Annuity review

Future Select 5

The Future Select 5 Annuity by Western United Life Assurance is a secure and favourable investment for your golden years. It guarantees 100% of your premium and interest which immediately goes to work for your growth. Moreover, there are no hidden costs, so your single premium is fully utilized from day one. Its tax-deferred growth feature helps your investment grow faster.

You can choose a guarantee period of 5 or 7 years and regular, periodic distributions as per your requirements - monthly, quarterly, semi-annual, or annual - making it flexible for financial planning. What's assuring is the guaranteed return of your premium, ensuring your hard-earned money is always safe. Plus, if the annuitant passes, the beneficiary receives a swift full sum, avoiding unnecessary fees or delays, which can be a great help during challenging times.

Future Select 5-brochure Future Select 5-brochure

Future Select 5

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About Product

Premium Type
Single Premium
Fee withdrawal:
15%
Market Value Adjustment
No
Return Of Premium
Yes
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
90
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP
Launch Date
03/21/2016

MYGA Interest Rates

Term
Rate
Annual percentage yield (APY)
earned over the investment term
5 years 4%
Future Select is a Single Premium, Tax-Deferred, Multi-Year Guarantee Annuity (MYGA). MYGA offers the growth and liquidity to meet your retirement savings needs. 

Annuitant's Actual Issue Age 
  • 0-90 
Minimum/Maximum Premium 
  • $10,000 - $1,000,000  
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
Penalty-Free Withdrawals
Beginning in the first year of your Future Select annuity, you may partially surrender (withdraw) up to 15% of the Annuity Value per calendar year without surrender charges.

Guaranteed Return of Premium
The surrender value of your contract will never be less than the premium you paid, minus any partial surrenders you’ve taken.

Death Benefits
If the Annuitant dies before payments begin, your beneficiary has access to the full annuity value as a single sum or as one of 6 other settlement options. Because this death benefit avoids probate, it can ease inter-generational wealth transfers and reduce fees and delays associated with the probate process. 

Year by Year Account Balance

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Riders

No Riders for Future Select 5 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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