What is the minimum guaranteed surrender value for Ibexis – MYGA Plus (3-, 5- and 7-year terms) CA only?

Issued by Ibexis Life & Annuity Insurance Company, this MYGA Plus is offered only in California and must not be confused with the national MYGA Plus contract. It is available for both qualified and non-qualified accounts and requires a minimum premium of $10,000. Contracts are issued up to age 85, and higher credited rates apply to deposits of $100,000 or more. Beneficiaries receive the full account value as the death benefit, without reduction for surrender charges or MVA.

What is the minimum premium amount for Ibexis – MYGA Plus (3-, 5- and 7-year terms) CA only?

The minimum premium amount is $85.

What is the maximum issue age for Ibexis – MYGA Plus (3-, 5- and 7-year terms) CA only?

The maximum issue age is 85 years.

What is the current interest rate for Ibexis – MYGA Plus (3-, 5- and 7-year terms) CA only?

The current interest rate is 4.7%.

What is the surrender charge schedule for Ibexis – MYGA Plus (3-, 5- and 7-year terms) CA only?

Withdrawals exceeding the 10% annual free-withdrawal limit, or a full surrender during the guarantee period, are subject to California’s surrender-charge schedule and may also incur a Market Value Adjustment (MVA) (where applicable). Surrender charges decline each year during the selected guarantee period. All funds become fully penalty-free at the end of the guarantee period or during the 30-day renewal window. If the contract renews into a new guarantee period, a new surrender-charge schedule begins and surrender charges reset to the initial level for the new term.

What are the best rates available for Ibexis – MYGA Plus (3-, 5- and 7-year terms) CA only?

The best available rate is 5.70% for a 7 year term.

Ibexis

Ibexis – MYGA Plus (3-, 5- and 7-year terms) CA only

About this product

The Ibexis MYGA Plus™ is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Ibexis Life & Annuity Insurance Company that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, and 7-year guarantee periods. It offers predictable, contractually guaranteed rates insulated from market volatility, while also allowing clients to allocate a portion of their premium to an Index-Linked Option that can credit a higher fixed rate if the S&P 500® Index increases on an annual point-to-point basis. With daily interest crediting, penalty-free access beginning in year two, and simple renewal mechanics, MYGA Plus™ supports long-term accumulation with stability, flexibility, and the option for enhanced crediting potential.

Available Rates

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

3 Years	5.00%
5 Years	5.50%
7 Years	5.70%

Available Guarantee Periods

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

$10,000.00 - $99,999.00	4.7%
$100,000.00 - $1,500,000.00	5%

Features
Maximum Issue Age	85 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