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6.85%
Best guaranteed rate, 7-yr, $100,000+
10%
Free withdrawal per year
46
States plus DC
Rates as of October 15, 2026. Published by Ibexis and reviewed by AdvisorWorld, with availability reviewed November 9, 2026; confirm rates and state availability before purchase.
Minimum premium
$10,000
Issue ages
0–85
7-year term: 0–80; Florida maximum 64
Terms
3, 5 or 7 years
Free withdrawal
10% per year
After the first anniversary
Market value adjustment
With a surrender charge
Not available in all states
Free look
30 days
Surrender charge period
3, 5 or 7 years
Starts at 7.75%
Explore the product
Explore MYGA Plus
Choose a question. Read the answer. Open the exact passage in the carrier’s document.
Rates for your selection
What rate could I get?
Fixed Option
5.85%Guaranteed annual simple interestEffective October 15, 2026S&P 500 Index-Linked Option
7.10%Conditional annual credit · not guaranteedEffective October 15, 2026Standard schedule for states where available, except California. State availability is confirmed at application.
The Fixed Option pays simple interest, credited daily, at an annual rate guaranteed for the term. The optional Index-Linked Option credits annually when its selected index is higher than at the previous anniversary; it is not a fixed guaranteed return. At least 50% must be allocated to the Fixed Option.
Compare every published rateProduct question 1
What guarantee terms are available?
The guarantee periods are 3, 5 or 7 years.
Product question 3
What are the issue ages?
Issue ages are 0–85 for the 3 and 5 year terms, and 0–80 for the 7 year term. Florida has a maximum age of 64. Joint ownership uses the older owner’s age.
Product question 4
How do the interest options work?
The Fixed Option pays simple interest, credited daily, at an annual rate guaranteed for the term. The optional Index-Linked Option credits annually when its selected index is higher than at the previous anniversary; it is not a fixed guaranteed return. At least 50% must be allocated to the Fixed Option.
Product question 5
When can I withdraw without surrender charges?
After the first contract anniversary, 10% of the accumulation value from the previous anniversary is available free of surrender charges. Amounts above the free withdrawal allowance incur withdrawal charges and a market value adjustment where applicable. Required minimum distributions have separate conditions described in the guide.
Product question 6
What are the surrender charges?
By contract year, the 3 year schedule is 7.75%, 7.5%, 7.25%; the 5 year schedule adds 7% and 6%; the 7 year schedule adds 5% and 4%. The schedule restarts on renewal. The guide describes a 30-day window before the end of a guarantee period to renew or withdraw free of surrender charges and market value adjustment.
Product question 7
Does a market value adjustment apply?
A market value adjustment applies whenever a withdrawal incurs a surrender charge, where available. It is not available in all states. Contract provisions and rider availability vary by state.
Product question 8
What is the death benefit?
Before the annuity income date, the death benefit is the contract value at death, free of surrender charges and any applicable market value adjustment.
Product question 9
What are the withdrawal minimums?
The minimum surrender or withdrawal is $500, with a $2,000 minimum remaining account balance. Systematic payments have a $100 minimum and can be monthly, quarterly, semiannual or annual.
Product question 10
How long is the free-look period?
The guide states a 30-day free-look period.
Availability
Is it available in my state?
✓ Listed as available · — Not currently listed. Availability from AdvisorWorld, as of November 9, 2026.
Original carrier documents
MYGA Plus™ from Ibexis is a multi-year guaranteed annuity with a Fixed Option that credits simple interest guaranteed for the full term, and an optional S&P 500 Index-Linked Option that credits only in years the index rises.
Current Rates by Term
Guaranteed fixed rates by term
The Fixed Option credits simple interest, credited daily, at an annual rate guaranteed for the full term. Rates are listed by premium band.
Standard schedule (all states where available except California)
| Premium | 3-year term | 5-year term | 7-year term |
|---|---|---|---|
| $10,000–$99,999 | 5.85% | 6.30% | 6.50% |
| $100,000–$2,000,000 | 6.15% | 6.60% | 6.85% |
California schedule
| Premium | 3-year term | 5-year term | 7-year term |
|---|---|---|---|
| $10,000–$99,999 | 5.75% | 6.20% | 6.40% |
| $100,000–$2,000,000 | 6.05% | 6.50% | 6.75% |
S&P 500 Index-Linked Option (conditional credit)
Up to 50% of premium can be allocated to this option. It credits the rate shown for a contract year only if the S&P 500 (price return) is higher than at the prior anniversary. In other years it credits nothing. These rates are not a guaranteed fixed return or an APY.
Standard schedule (all states where available except California)
| Premium | 3-year term | 5-year term | 7-year term |
|---|---|---|---|
| $10,000–$99,999 | 7.10% | 7.35% | 7.60% |
| $100,000–$2,000,000 | 7.50% | 7.75% | 8.00% |
California schedule
| Premium | 3-year term | 5-year term | 7-year term |
|---|---|---|---|
| $10,000–$99,999 | 7.00% | 7.25% | 7.50% |
| $100,000–$2,000,000 | 7.40% | 7.65% | 7.90% |
Ibexis prints one rate schedule for most states and a separate one for California. State availability is confirmed at application.
Product Specifications
- Guarantee terms
- 3, 5 or 7 years
- Premium
- $10,000 minimumUp to $2,000,000 without prior company approval.
- Issue ages
- 3 and 5 year terms: 0–85. 7 year term: 0–80.Florida maximum is 64 for every term. Joint owners use the older owner’s age.
- Fixed Option
- Simple interest, credited dailyThe annual rate is guaranteed for the term.
- Index-Linked Option
- S&P 500 (price return), annual creditCredits its declared rate for a year only if the index is higher than at the prior anniversary. Otherwise there is no credit that year.
- Allocation
- At least 50% to the Fixed OptionAt least 50% of premium must go to the Fixed Option; up to 50% may go to the S&P 500 Index-Linked Option. The allocation applies for the guarantee period; the specimen contract allows reallocation at the start of the next guarantee period.
- Minimum renewal rates
- Fixed 0.05%. Index-Linked 0.50%.
Included Benefits and Optional Features
Included with the contract
- Death benefit
- Contract value at deathPaid free of surrender charges and market value adjustment.
- Systematic withdrawals
- Monthly, quarterly, semiannual or annualMinimum $100 per payment.
Optional or conditional
- Index-Linked Option allocation
- Optional, up to 50% of premiumChosen at application. The specimen contract allows reallocation at the start of the next guarantee period. Its credit is conditional and is not a guaranteed return.
- Surrender charge waivers
- Extended care and terminal illness, where availableExtended care: 90 consecutive days in a hospital or certified long-term care facility, after the first anniversary. Terminal illness: death expected within 12 months or less. Not available in all states.
- Rate lock
- 45 days, with conditionsAn application in good order within 14 days of signing locks the rate for 45 days from the signed date.
Getting Money Out
Surrender charges apply to withdrawals above the free amount during the guarantee term.
Surrender charge by contract year
| Contract year | 3-year term | 5-year term | 7-year term |
|---|---|---|---|
| Year 1 | 7.75% | 7.75% | 7.75% |
| Year 2 | 7.50% | 7.50% | 7.50% |
| Year 3 | 7.25% | 7.25% | 7.25% |
| Year 4 | — | 7.00% | 7.00% |
| Year 5 | — | 6.00% | 6.00% |
| Year 6 | — | — | 5.00% |
| Year 7 | — | — | 4.00% |
The schedule resets to 7.75% when the contract renews.
- Free withdrawal
- 10% per yearAvailable after the first contract anniversary, based on the prior-anniversary accumulation value. Free of surrender charges. Excess withdrawals incur the surrender charge and a market value adjustment where applicable.
- Market value adjustment
- Applies whenever a surrender charge appliesNot available in all states.
- Minimum withdrawal
- $500Minimum remaining balance $2,000.
How to Think About This Contract
Where it stands out
- The Fixed Option rate is guaranteed for the full 3, 5 or 7 year term.
- Rates are published by premium band ($10,000–$99,999 and $100,000–$2,000,000) and by term.
- The optional Index-Linked Option can credit a higher rate in years the S&P 500 rises.
- 10% of the prior-anniversary value can be withdrawn each year after year one without a surrender charge.
What to weigh
- The Index-Linked Option credits nothing in a year the S&P 500 does not rise. Its rate is not a guaranteed return and not an APY.
- At least 50% of premium must go to the Fixed Option. Reallocation between the options is allowed only at the start of the next guarantee period, with written notice at least 5 business days before the current period ends (specimen contract).
- Withdrawals above the free amount incur a surrender charge and, where it applies, a market value adjustment.
- The surrender schedule starts again at 7.75% on renewal.
- Not available in New Jersey, New York, Vermont or Wisconsin.
Free Comparison Report
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Contract Facts
Issuer
Ibexis Life & Annuity Insurance Company, Jefferson City, Missouri (NAIC 69272)
Contract form
ICC22-MPC-0322
Issue ages
0–85 (3 and 5 year); 0–80 (7 year)
Florida maximum 64.
Premium
$10,000 to $2,000,000
Free-look period
30 days
Annuitization
After the first contract year
Renewal
30-day window
Renew at the new rate with a new surrender schedule and market value adjustment, or withdraw free of charges. Renewals continue to age 95.
Rate lock
14-day application window, 45-day lock
Death benefit
Contract value
State availability
Available in all states and DC except New Jersey, New York, Vermont and Wisconsin (per the carrier state sheet as of July 1, 2026). Product features and rates can differ by state; availability is confirmed at application.
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Carrier Ratings
Stable outlook; rating effective July 2026. Financial strength reflects the insurer’s ability to pay claims. It does not describe how a crediting option will perform.
Sources
- Ibexis MYGA Plus At-a-Glance, Rev 08/26 (form ICC22-MPC-0322)
Carrier product guide (PDF).
- Ibexis MYGA Plus rate sheet
Ibexis publishes its latest rate sheet on its product page. The rate tables above show their own effective date.
- Ibexis MYGA Plus specimen contract ICC22-MPC-0322
- Ibexis MYGA Plus state availability sheet, as of July 1, 2026
Carrier state availability and financial strength rating (PDF, page 1).
- Ibexis MYGA Plus rate-lock terms and disclosures, rate sheet effective October 15, 2026
Rate-lock conditions, withdrawal-charge disclosures and financial strength rating (PDF, page 2).
Public carrier documents accessed October 31, 2026.
Issued by Ibexis Life & Annuity Insurance Company, Jefferson City, Missouri (NAIC 69272). Guarantees depend on the claims-paying ability of the issuer. Rates, terms and availability can change; the issued contract controls.
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