What is the minimum guaranteed surrender value for Capitol Life – Capitol Advantage MYGA (3-, 5-, 7-Year Terms)?

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.

What is the minimum premium amount for Capitol Life – Capitol Advantage MYGA (3-, 5-, 7-Year Terms)?

The minimum premium amount is $10,000.

What is the maximum issue age for Capitol Life – Capitol Advantage MYGA (3-, 5-, 7-Year Terms)?

The maximum issue age is 9 years.

What is the current interest rate for Capitol Life – Capitol Advantage MYGA (3-, 5-, 7-Year Terms)?

The current interest rate is 4.65%.

What is the surrender charge schedule for Capitol Life – Capitol Advantage MYGA (3-, 5-, 7-Year Terms)?

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.

What are the best rates available for Capitol Life – Capitol Advantage MYGA (3-, 5-, 7-Year Terms)?

The best available rate is 4.85% for a 9 year term.

Capitol Life Insurance Company

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

About this product

The Capitol Life Heritage Classic MYGA 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

Available Rates

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

3 Years	4.65%
5 Years	4.85%
7 Years	4.85%
9 Years	4.85%

Available Guarantee Periods

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

$10,000.00 - $1,000,000.00

4.65%

Features
Maximum Issue Age	9 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