What is the minimum guaranteed surrender value for Ibexis MYGA Plus?

Under policy form ICC22‑MPC‑0322, clients receive guaranteed simple interest credited daily under the fixed option and may optionally allocate up to 50% of premium into an S&P 500® index‑linked option credited annually when the index has increased. The contract renews automatically at maturity unless the policyholder elects to withdraw funds during the 30‑day window. Death benefits equal contract value are paid free of surrender charges. Waivers for extended care and terminal illness permit penalty‑free access after the first year. Only standard annuitization and transfer options apply, with no separate administrative fees shown.

What is the minimum premium amount for Ibexis MYGA Plus?

The minimum premium amount is $85.

What is the maximum issue age for Ibexis MYGA Plus?

The maximum issue age is 85 years.

What is the current interest rate for Ibexis MYGA Plus?

The current interest rate is 5.2%.

What is the surrender charge schedule for Ibexis MYGA Plus?

The contract includes a surrender charge schedule reset at each renewal: charges begin at 7.75% in year 1, decreasing annually (for 3‑year: 7.75%, 7.50%, 7.25%; 5‑year: +7%, 6%; 7‐year: +7%, 6%, 5%, 4%), and any withdrawal incurring charge also triggers a Market Value Adjustment. The 30‑day renewal window allows penalty‑free withdrawals or transfers at maturity. Waivers apply for terminal illness and extended care benefits. Charges and MVA vary by state.

What are the best rates available for Ibexis MYGA Plus?

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

Ibexis

Ibexis MYGA Plus

About this product

The MYGA Plus™ is a multi‑year guaranteed, single‑premium deferred fixed annuity that offers clients a choice of 3‑, 5‑, or 7‑year guarantee periods during which they can allocate funds between a fixed interest crediting option and an index‑linked option tied to the S&P 500®. With principal protection guaranteed and competitive rates, the product aims to deliver safety paired with potential upside in a clear, straightforward structure.

Available Rates

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

3 Years	5.50%
5 Years	6.00%
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	5.2%
$100,000.00 - $1,500,000.00	5.5%

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