Aspida WealthLock MYGA
About this product
WealthLock℠ MYGA is a single premium deferred fixed annuity that offers guaranteed interest accumulation over a fixed term of 2, 3, 5, or 7 years. Designed for long-term financial planning, it provides tax-deferred growth, principal protection, and predictable returns regardless of market conditions. After one year, the contract can be converted into a stream of guaranteed income, and beneficiaries receive the full contract value upon the owner's death without penalties. Additional benefits include systematic interest withdrawals, nursing home and terminal illness waivers, and access to required minimum distributions (RMDs) after 30 days.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 2 Years | 4.55% |
| 3 Years | 4.85% |
| 5 Years | 5.20% |
| 7 Years | 5.20% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $25,000.00 - $99,999.00 | 4.4% |
| $100,000.00 - $1,000,000.00 | 4.55% |
| Features | |
| Maximum Issue Age | 90 years |
Lifetime Income Details
Payout Options
Income Calculation
- Total Growth at Payout Age
- $0.00
- Current Age
- 45
- Payout Age
- 65
- Expected Lifetime (years)
- 35
- Payout Option
- Annuitization
- Annual Lifetime Income
- $0.00
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
- Life Income Only: Payments for the rest of your life, stopping upon death
- Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
- Life with Period Certain: Lifetime payments with a minimum guaranteed period
- Joint Life: Payments continue for both you and your spouse's lifetimes
- Systematic Withdrawal: Regular withdrawals of a specified amount or percentage