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.

Western United Life Assurance Company
15 customer reviews
Navigator Ultra MVA-brochure Navigator Ultra MVA-brochure

Navigator Ultra MVA

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Ratings:

  • A.M. Best B++

About Product

Premium Type
Single Premium
Fee withdrawal:
None
Market Value Adjustment
Yes
Return Of Premium
No x
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
75
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, SIMPLE IRA, Inherited IRA, NQ Stretch, and TSP
Launch Date
09/01/2020

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%
Navigator Ultra MVA is a Single Premium, Tax-Deferred, Multi-Year Guarantee Annuity (MYGA). MYGA offers tax-deferred growth to meet your retirement savings needs.

Annuitant’s Actual Issue Age 
  • 0-75 
Minimum/Maximum Premium 
  • $10,000 - $1,000,000 
Tax Qualifier 
  • Non-Qualified; 
  • IRA including Roth, SEP, Simple, & Traditional 
Note: 
  • TSP accepted as a rollover to IRA
  • Inherited/Beneficiary IRA usually taken as a direct transfer
Penalty-free Partial Surrenders
  • Not permitted
Partial Surrenders
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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