NEW - Try our beta Annuity Rates Simulator

Can You Buy an Annuity with Cryptocurrency? 

What Are Digital Annuities?

Annuities for Beginners: What to Ask Your Financial Advisor

Annuitization in Annuities: Turning Your Savings into Lifetime Retirement Income

Annuities vs. Bonds

Common Annuity Pitfalls to Avoid

Annuity Companies to Avoid

Annuity Due vs. Ordinary Annuity

What Happens to an Annuity When You Die? 

Integrating Technology into Retirement Life for Efficiency and Comfort

Fixed Indexed Annuity Application Process Explained: Step-by-Step Guide for U.S. Annuitants

Understanding Why Fixed Indexed Annuities Have Different Withdrawal-Charge Versions

Integrating Annuities into a Roth Conversion Strategy for FIRE

The Tax Play: How Certain Annuities Can Smooth Out FIRE Income

Why Many FIRE Advocates Avoid Annuities (and When They Should Consider)

Tax Optimization and Annuities: Smart Strategies for Retirees and Early Retirees

Using QLACs (Qualified Longevity Annuity Contracts) to Protect Against Outliving FIRE Savings

Buying Annuities in a High-Interest-Rate Environment: Timing Strategies for FIRE Planners

Partial FIRE + Partial Annuity: Designing a Hybrid Retirement Income Plan

Dynamic FIRE Withdrawal Strategies and Annuities

Best Fixed Annuity Rates in 2025

Best Fixed Indexed Annuities in 2025

Best Immediate and Deferred Annuities Rates 2025

Best Variable Annuities and Rates – A 2025 Guide for Potential Investors

How to Get the Best Annuity Rates in 2025: A Comprehensive Guide

Guaranteed vs. Non-Guaranteed Annuity Rates

Annuity Rate Factors: A Comprehensive Guide to Understanding Influential Variables

Guaranteed vs. Non-Guaranteed Annuities- Balancing Security and Potential Returns

Mastering Your Future: How to Calculate Annuity Growth Rate Effectively

Withdrawals exceeding the 10% annual free-withdrawal allowance, or full surrender during the guarantee period, are subject to surrender charges and may incur an MVA. Charges decline annually until reaching 0% at the end of the term. All funds become fully penalty-free at contract maturity.

None. All benefits are built into the base contract.

None. No annual maintenance or policy fees.

If the owner or annuitant dies before annuitization, beneficiaries receive the full accumulated value in a lump sum, unaffected by surrender charges or MVA.

After the first contract year, owners may withdraw up to 10% of accumulated value annually without surrender charges or MVA. Multiple withdrawals may be taken within this limit, subject to applicable minimums.

 funds, offering broad flexibility in how clients can structure their annuity. It accepts Non-Qualified money as well as Non-Qualified Inherited assets, and it fully supports a wide range of retirement accounts, including Traditional IRAs, Roth IRAs, SEP IRAs, Inherited IRAs, and Inherited Roth IRAs. However, the product does not accept 401(k) or SIMPLE IRA contributions, ensuring that funding aligns only with eligible account types and approved rollover or transfer sources.

The Heritage Classic MYGA is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire duration of the selected guarantee period. The owner makes a one-time premium payment and selects a 3-, 5-, 7-, or 9-year term, during which interest grows tax-deferred.  After the first contract year, the policy allows annual penalty-free withdrawals up to 10% of the accumulated value, while withdrawals above this amount may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of each guarantee period, the owner may renew the contract into another Heritage Classic rate period, surrender without penalty, or allocate funds according to available options—subject to the requirement that the new guarantee period cannot extend beyond age 95.

At the end of each guarantee period, owners may renew into any Heritage Classic term available at that time, surrender without penalty, or reposition funds. If no request is made, the policy automatically renews into the same term at the then-current renewal rate (subject to not exceeding age 95).

Equals the account value minus surrender charges and MVA, but not less than the minimum nonforfeiture amount required by Standard Nonforfeiture Law.

 is a single-premium Multi-Year Guaranteed Annuity that provides fixed, tax-deferred accumulation and full principal protection across 3-, 5-, 7-, and 9-year guarantee periods. It offers predictable, contractually guaranteed interest rates insulated from market volatility, making it suitable for conservative savers seeking steady, dependable growth. With penalty-free access beginning after year one and multiple built-in health-related waivers, Heritage Classic delivers simple mechanics, strong liquidity advantages, and consistent long-term planning benefits

Withdrawals exceeding the penalty-free interest withdrawals, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the renewal window.

Beginning 30 days after issue, the owner may take systematic interest withdrawals—

• Withdrawals above interest or unscheduled withdrawals may incur surrender charges and MVA

If the owner dies before annuitization, beneficiaries receive the full contract value in a lump sum, unaffected by surrender charges or MVA. Once annuitized, remaining payments follow the elected settlement option.

Heritage Premier Plus includes four built-in health-related benefits:

• Year 1: Up to 10% of accumulated value

• Year 2+: Up to 50% of accumulated value

After the first 30 days, owners may take systematic interest-only withdrawals without surrender charges or MVA, subject to a $100 per-withdrawal minimum. Withdrawals in excess of interest-only amounts may be subject to surrender charges and MVA.

 funds. The Heritage Premier Plus MYGA accepts a range of funding types, including Non-Qualified assets, Traditional IRAs, Roth IRAs, SEP IRAs, Inherited IRAs, and Inherited Roth IRAs.

Heritage Premier Plus is a Single Premium Deferred Annuity (SPDA) that provides a guaranteed interest rate structure consisting of a higher first-year rate and guaranteed base rates for the remainder of the term. Interest is credited and compounded daily. After the contract has been active for 30 days, systematic interest withdrawals may be taken without penalty (minimum $100). All other withdrawals, including partial or full surrenders, may result in surrender charges and a Market Value Adjustment (MVA), except in California where no MVA applies.  At the end of the guarantee period, the accumulated value becomes fully liquid, allowing the owner to withdraw, renew into a future Heritage Premier Plus term (subject to age limitations), transfer, or annuitize.

At the end of each guarantee period, the Heritage Premier Plus MYGA enters a renewal window during which the owner may renew the contract for the same term at the declared renewal rate, surrender the policy without surrender charges or MVA, apply the contract value to an available settlement option, select a different available guarantee period, or take a partial penalty-free withdrawal and renew the remaining value into a new term. If no election is made during this window, the contract automatically renews for the same guarantee period at the then-current renewal rate, provided renewal does not extend beyond age 95.

The surrender value equals the account value minus any applicable surrender charges and MVA, but not less than the minimum nonforfeiture benefit required by Standard Nonforfeiture Law.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) offering enhanced first-year interest crediting followed by fixed guaranteed rates for the remainder of the term. Available in 3-, 5-, 7-, and 9-year durations, Heritage Premier Plus is designed for clients seeking higher early-year accumulation combined with stable, tax-deferred growth and full principal protection. With systematic interest-withdrawal capability after 30 days and multiple built-in health-related benefits, Heritage Premier Plus supports both accumulation goals and adaptable income planning needs.

Withdrawals beyond permitted interest withdrawals, or full surrenders during the guarantee period, are subject to the following surrender charges (± MVA except CA). Charges decline annually and end at 0% after the term.

Withdrawals exceeding the available penalty-free interest-only withdrawals, or a full surrender during the guarantee period, are subject to surrender charges and may also incur an MVA. Charges decline each year until reaching 0% at the end of the term. All funds become fully penalty-free at the end of the guarantee period or during the renewal window. California and New York do not offer this product.

All four health-related benefits listed above are included automatically (no rider fees).

None. No annual policy, maintenance, or administrative fees.

If the owner dies before annuitization, beneficiaries receive the accumulated value at death in a lump sum, unaffected by surrender charges or MVA. Once annuitized, remaining payments follow the elected settlement option.

Heritage Premier includes all of the following health-related benefits:

• Year 2+ : Up to 50% of accumulated value

After the contract has been in force for 30 days, owners may request systematic penalty-free withdrawals of interest, subject to a $100 minimum per withdrawal. Principal withdrawals may be subject to surrender charges and MVA.

 funds. The Heritage Premier MYGA accepts a wide range of funding types, including Non-Qualified assets, NQ-Inherited assets, Traditional IRAs, Roth IRAs, SEP IRAs, Inherited IRAs, and Inherited Roth IRAs. (Not available for 401(k), 403(b), or SIMPLE IRA transfers.)

Heritage Premier is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate for the entire chosen guarantee period. A one-time premium is deposited, and interest begins accumulating immediately. After the contract has been active for 30 days, the owner may request systematic withdrawals of accumulated interest (minimum $100), providing penalty-free liquidity during the term. Any non-interest withdrawals or surrenders may be subject to surrender charges and a Market Value Adjustment (MVA), except in California where no MVA applies.  At the end of the guarantee period, the accumulated value becomes fully liquid without surrender charges, allowing the owner to withdraw funds, renew at then-current rates, or transfer to another annuity option.

At the end of each guarantee period, the Heritage Premier MYGA enters a renewal window during which the owner may renew the contract for any available Heritage Premier term at the declared renewal rate, surrender the policy without any surrender charges or MVA, apply the contract value to an available settlement option, select a different guarantee period, or take a partial penalty-free withdrawal and renew the remaining value into a new term. If no election is made during this window, the contract renews to an available term of equal or shorter duration, provided the term does not extend past age 95.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) designed to provide strong guaranteed fixed interest growth with increased liquidity compared to pure accumulation MYGAs. Available in 3-, 5-, 7-, and 9-year guarantee periods, Heritage Premier offers predictable, tax-deferred accumulation with the ability to take systematic interest withdrawals beginning after the first 30 days. With competitive yields, early interest accessibility, and built-in health-related benefits, Heritage Premier supports conservative savers seeking dependable growth and flexible access to interest earnings.

Withdrawals other than allowable RMDs during the guarantee period are subject to surrender charges and may incur an MVA. Charges decline annually and reach 0% at the end of the selected term.

None - product includes no optional riders.

None. No annual fees or contract charges.

Upon owner/annuitant death, the beneficiary receives the full accumulated value, with no surrender charges or MVA applied.

Heritage Elite includes no health-related or hardship waivers.

Heritage Elite does not provide standard penalty-free withdrawal allowances.

• Only RMDs (after year one) are allowed without surrender penalties.

 funds. It can be issued using Non-Qualified money, NQ-Inherited funds, Traditional IRAs, Roth IRAs, SEP IRAs, and Inherited IRA or Inherited Roth IRA dollars. It is not available for 401(k), 403(b), or SIMPLE IRA funding.

Heritage Elite is a Single Premium Deferred Annuity (SPDA) in which the owner makes a one-time premium contribution and selects a 3-, 5-, 7-, or 9-year guarantee term. During this period, the contract credits a fixed, guaranteed interest rate for the entire term. Heritage Elite is structured as a pure accumulation MYGA — there are no penalty-free withdrawals during the guarantee period, except for Required Minimum Distributions after the first year. Any withdrawal beyond RMDs may trigger surrender charges and an MVA (Market Value Adjustment), where applicable.  At the end of the guarantee period, the contract becomes completely penalty-free, allowing full withdrawal, renewal, or transfer.

At the end of the guarantee period, owners may renew into any Heritage Elite guarantee period offered, provided the new term does not extend the contract beyond age 95. Full surrender, annuitization, or transfer options are available during this window without penalty.

Equals accumulated value minus surrender charges and, where applicable, MVA.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) designed for savers seeking guaranteed, tax-deferred interest accumulation with strong fixed yields and full principal protection. Available in 3-, 5-, 7-, and 9-year guarantee periods, Heritage Elite provides predictable growth insulated from market volatility. The product focuses on long-term accumulation rather than liquidity, offering competitive fixed yields with no penalty-free withdrawals during the guarantee period, except for required minimum distributions where applicable. Heritage Elite supports conservative financial planning by delivering simple, secure, contractually guaranteed interest performance throughout the entire term.

Withdrawals beyond the 10% annual free amount (starting in year 2) or early surrenders may incur surrender charges and MVA (except CA). Charges decline annually and reach 0% after the term.

All listed health-related benefits are included automatically at no additional cost.

None. No annual policy fees or maintenance charges.

The accumulated value at death is paid to beneficiaries without surrender charges or MVA.

Heritage Classic includes four built-in health-related benefits:

• No free withdrawals during contract year 1

• Beginning contract year 2: Up to 10% of accumulated value each year may be withdrawn without surrender charges

Withdrawals beyond these allowances may incur surrender charges and MVA.

Non-Qualified, NQ-Inherited, Traditional IRA, Roth IRA, SEP IRA, Inherited IRA, and Inherited Roth IRA.

Qualified business is limited to CO, ME, SD & WY.

This annuity product is structured to offer financial security through guaranteed rates and options for penalty-free liquidity in certain situations. Policyholders benefit from a straightforward accumulation strategy without ongoing premiums. The product allows flexibility for renewal upon the end of a guarantee period and includes provisions for hardship withdrawals due to health-related events.

At the end of each Guarantee Period, the contract may be renewed for any Interest Rate Guarantee Period currently being offered at the time the renewal election is made, provided that the new Rate Guarantee Period does not extend past the attained age of 95. Renewals must be within the Heritage Classic products.

Accumulated value minus applicable Surrender Charges and Market Value Adjustment (MVA) for withdrawals above the free withdrawal amount.

 is a single-premium Multi-Year Guaranteed Annuity (MYGA) designed for savers who want strong, guaranteed fixed interest accumulation along with meaningful liquidity. Available in 3-, 5-, 7-, and 9-year guarantee periods, Heritage Classic provides tax-deferred growth, full principal protection, and penalty-free access to a portion of the account value after the first contract year. With built-in health-related benefits and straightforward contract mechanics, Heritage Classic offers dependable growth and flexibility for individuals who may need limited access to funds during the term.

Capitol Life – Capitol Advantage MYGA (3-, 5-, 7-Year Terms)

Liberty Bankers / Capitol Life – Heritage Premier Plus

Liberty Bankers / Capitol Life – Heritage Premier

Liberty Bankers / Capitol Life – Heritage Elite

Liberty Bankers / Capitol Life – Heritage Classic