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 5.1%.

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

Withdrawals in excess of the annual 10% free-withdrawal allowance, or any full surrender prior to the end of the 3-, 5-, or 7-year guarantee period, are subject to a Withdrawal Charge (CDSC) as shown in the California-approved schedule. These charges are applied to the amount withdrawn in excess of the penalty-free limit.

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

The best available rate is 6.20% for a 7 year term.

Ibexis

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

About this product

The Ibexis MYGA Plus (California Only) is a single-premium Multi-Year Guaranteed Annuity (MYGA) that pays simple interest over guarantee periods of 3, 5, or 7 years. It is a California-specific product, designed with terms, surrender schedules, and credited rates that differ from the national MYGA Plus version. This annuity provides principal protection, guaranteed growth, and penalty-free annual withdrawals beginning in year two. No other state variations apply—these terms are exclusive to California.

Available Rates

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

3 Years	5.40%
5 Years	5.90%
7 Years	6.20%

Available Guarantee Periods

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

$10,000.00 - $99,999.00	5.1%
$100,000.00 - $1,500,000.00	5.4%

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