Navigator Elite MVA
The Navigator Elite MVA annuity product from Western United Life Assurance offers a welcome mixture of safety and growth. As guarantees from a reliable company, your premium and interest are 100% secure. Plus, thanks to tax-deferred growth, your interest and premium can start working for you faster than ever.
Flexibility is another key benefit: you can choose a guarantee period that fits your plans and you have various options for distributions, qualifying taxes and even ages for issuance. For peace of mind, the waiver of surrender charges for critical illness and no-charge access to death benefits make this annuity a solid choice for future planning.
Navigator Elite MVA
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 5 years | 4.9% |
| 7 years | 4.95% |
Annuitant’s Actual Issue Age
Your Navigator Elite MVA annuity can be issued for Annuitant ages 0-97 for the 3-year guarantee option, or ages 0-84 for the 5 and 7-year guarantee options.
Minimum/Maximum Premium
The minimum single premium amount that can be applied to your Navigator Elite MVA annuity is $10,000. The maximum is $1,000,000, without prior approval from the Company before an application is submitted.
Tax Qualifier
- Non-Qualified;
- IRA including Roth, SEP, Simple, & Traditional.
- TSP accepted as a rollover to IRA
- Inherited/Beneficiary IRA usually taken as a direct transfer
Beginning in the first year of your Navigator Elite MVA annuity, you may partially surrender (withdraw) up to 10% of your annuity value per contract year without surrender charges or Market Value Adjustment (MVA).
Your Navigator Elite MVA annuity includes a Market Value Adjustment (MVA). This feature allows us to offer a higher guaranteed interest rate on your annuity than a plan without an MVA. This adjustment may increase or decrease the amount you receive, and depends on daily changes in the Constant Maturity Treasury1 (CMT) rates from your contract date. If you do not annuitize, surrender, or withdraw more than the penalty-free amount during the surrender charge period, the MVA will not affect the value of your annuity.
Riders
No Riders for Navigator Elite MVA annuity.
Waivers
Death
Surrender Charges are waived upon death of the Annuitant.
Terminal Illness
Allows your client to surrender their entire annuity value free of surrender charges if the annuitant is diagnosed with a terminal illness. The diagnosis must result in a life expectancy of 12 months or less.
Surrender Window
After the initial guarantee period, you will have a 45-day grace period from the beginning of each subsequent guarantee period to surrender your contract without surrender charges or applicable MVA. We will send you a reminder at least 45 days before the end of each guarantee period.
- A.M. Best B++
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