What is the minimum guaranteed surrender value for Aspida WealthLock Plus MYGA?

The WealthLockSM MYGA Plus policy is a fixed annuity contract that guarantees interest earnings over 2, 3, 5, or 7-year terms. During this period, the premium grows at a fixed rate, locked in at the time of purchase. Withdrawals of up to 10% annually are allowed without penalty after the first year. If the policyholder is diagnosed with a terminal illness or confined to a nursing home after the first year, 100% of the contract value may be withdrawn penalty-free. After the selected term ends, the annuity may renew at a new rate, but the rate will never fall below the contractually stated minimum guaranteed interest rate

What is the minimum premium amount for Aspida WealthLock Plus MYGA?

The minimum premium amount is $25,000.

What is the maximum issue age for Aspida WealthLock Plus MYGA?

The maximum issue age is 90 years.

What is the current interest rate for Aspida WealthLock Plus MYGA?

The current interest rate is 4.85%.

What is the surrender charge schedule for Aspida WealthLock Plus MYGA?

The withdrawal charge schedule applies to excess withdrawals and declines annually. For example, the 5-year schedule is 9%, 8%, 7%, 6%, and 5%, becoming 0% thereafter. Charges vary by term and may also be affected by a Market Value Adjustment (MVA) depending on interest rate changes since the contract was issued

What are the best rates available for Aspida WealthLock Plus MYGA?

The best available rate is 5.65% for a 7 year term.

Aspida

Aspida WealthLock Plus MYGA

About this product

The Aspida WealthLockSM MYGA Plus is a multi-year guaranteed annuity (MYGA) offered with term options of 2, 3, 5, or 7 years. It provides a fixed interest rate for the selected term, ensuring predictable growth and full protection of your premium regardless of market performance. Designed for individuals seeking safety and accumulation, this annuity allows tax-deferred compounding and offers flexible payout options, including converting the contract value into a stream of guaranteed income. In the event of the policyholder’s death, the full contract value passes directly to beneficiaries without going through probate

Available Rates

Rates are based on current simulation settings with premium amount $100,000.00

2 Years	5.00%
3 Years	5.25%
5 Years	5.60%
7 Years	5.65%

Available Guarantee Periods

Rates are based on current simulation settings with premium amount $100,000.00

$25,000.00 - $99,999.00	4.85%
$100,000.00 - $1,000,000.00	5%

Features
Maximum Issue Age	90 years

Lifetime Income Details

Payout Options

Annuitization

Lump Sum Withdrawal

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