Navigator Ultra MVA
The Western United Life Assurance Company has grown into a reputable force in the life insurance and retirement planning sector, serving its customers since 1963. With a focus on providing life insurance and annuity solutions in addition to excellent customer service, the company’s mission is to deliver support to retirees seeking reliable insurance solutions. Western United stands out for its Medicare Supplement insurance policies and short to mid-term fixed-rate annuities. Such product offerings further cement and validate their mission, which aligns with their role as a member amidst the Manhattan Life group of companies.
Navigator Ultra MVA
Ratings:
- A.M. Best B++
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.8% |
| 5 years | 5.15% |
| 7 years | 5.2% |
Annuitant’s Actual Issue Age
- 0-75
- $10,000 - $1,000,000
- Non-Qualified;
- IRA including Roth, SEP, Simple, & Traditional
- TSP accepted as a rollover to IRA
- Inherited/Beneficiary IRA usually taken as a direct transfer
- Not permitted
Must be set up as Electronic Funds Transfer (EFT).
Market Value Adjustment (MVA)
Your Navigator Ultra 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.
Auto Renewal
Your Contract will automatically renew at the end of each Guarantee Period for a new guarantee period. The new period will have the same term, surrender charge schedule and MVA, along with a newly declared interest rate.
Riders
No Riders for Navigator Ultra MVA annuity.
Waivers
Surrender Window
After the initial guarantee period, you will have 30 days 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.
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