Guaranty Rate Lock
About this product
The Guaranty Rate Lock Multi-Year Guaranteed Annuity (MYGA) offers a secure way to grow retirement savings through guaranteed interest rates and tax-deferred accumulation. It shields the investor from market volatility, ensuring predictable growth over a selected term of 3 to 10 years. This product is structured to offer financial peace of mind through stability and flexibility, with the ability to renew after the guarantee period or transition to income payments for retirement. All interest earnings are compounded and remain untaxed until withdrawal, enhancing accumulation potential.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 3 Years | 3.70% |
| 4 Years | 3.90% |
| 5 Years | 5.25% |
| 6 Years | 4.10% |
| 7 Years | 5.25% |
| 8 Years | 4.10% |
| 9 Years | 4.10% |
| 10 Years | 4.10% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $10,000.00 - $99,999.00 | 3.6% |
| $100,000.00 - $249,999.00 | 3.7% |
| $250,000.00 - $1,000,000.00 | 3.7% |
| Features | |
| Maximum Issue Age | 100 years |
Lifetime Income Details
Payout Options
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