What is the minimum guaranteed surrender value for Knighthead Life – Staysail™ MYGA (Liquidity Rider – California Only)?

Staysail MYGA is a Single Premium Deferred Annuity (SPDA) providing guaranteed simple-interest crediting for the entire duration of the selected guarantee period. The owner pays a single premium and selects a 3-, 5-, or 7-year term, during which interest accrues tax-deferred. This California version includes the Liquidity Rider, allowing up to 10% of the Accumulation Value to be withdrawn each year without surrender charges or MVA. Withdrawals above the 10% allotment may incur surrender charges and a Market Value Adjustment (MVA). Required Minimum Distributions (RMDs) are always available without penalty. At the end of the guarantee period, the policy automatically enters a no-penalty 1-year guarantee period where all surrender charges and MVA are waived. After the renewal period, the owner may elect renewal, surrender, or annuitization.

What is the minimum premium amount for Knighthead Life – Staysail™ MYGA (Liquidity Rider – California Only)?

The minimum premium amount is $10,000.

What is the maximum issue age for Knighthead Life – Staysail™ MYGA (Liquidity Rider – California Only)?

The maximum issue age is 85 years.

What is the current interest rate for Knighthead Life – Staysail™ MYGA (Liquidity Rider – California Only)?

The current interest rate is 5%.

What is the surrender charge schedule for Knighthead Life – Staysail™ MYGA (Liquidity Rider – California Only)?

Withdrawals exceeding the 10% annual free amount—or full surrender during the guarantee period—may trigger surrender charges and a Market Value Adjustment. All charges are waived during the 1-year no-penalty renewal period after each term.

What are the best rates available for Knighthead Life – Staysail™ MYGA (Liquidity Rider – California Only)?

The best available rate is 5.95% for a 7 year term.

Knighthead Life

Knighthead Life – Staysail™ MYGA (Liquidity Rider – California Only)

About this product

The Staysail™ MYGA with Liquidity Rider (California Only) is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Merit Life Insurance Co., offering fixed, tax-deferred interest growth and full principal protection across 3-, 5-, and 7-year guarantee periods. This California-specific version includes a Liquidity Rider that provides up to 10% annual penalty-free withdrawals, delivering enhanced flexibility while still maintaining California-approved guaranteed interest rates. Designed for conservative savers who value both stable accumulation and accessible funds, this product provides predictable growth without market exposure.

Available Rates

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

3 Years	5.25%
5 Years	5.75%
7 Years	5.95%

Available Guarantee Periods

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

$10,000.00 - $99,999.00	5%
$100,000.00 - $2,000,000.00	5.25%

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