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

Staysail MYGA is a Single Premium Deferred Annuity (SPDA) that credits a fixed simple-interest rate for the entire duration of the selected guarantee period. The owner makes a single premium payment and selects a 3-, 5-, or 7-year term, during which interest accrues tax-deferred and the crediting rate remains fully guaranteed for the entire term. This version includes the Liquidity Rider, allowing annual penalty-free withdrawals of up to 10% of the Accumulation Value. Withdrawals above this limit may be subject to surrender charges and a Market Value Adjustment (MVA). Required Minimum Distributions (RMDs) are always available without penalty, regardless of rider inclusion. At the end of each guarantee period, the contract automatically transitions into a 1-year guarantee period during which no surrender charges or MVA apply, giving the owner flexibility to renew, annuitize, or surrender the policy.

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

The minimum premium amount is $10,000.

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

The maximum issue age is 85 years.

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

The current interest rate is 5.1%.

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

Withdrawals exceeding the 10% annual free-withdrawal allowance, or full surrender during the guarantee period, may be subject to surrender charges and an MVA. All funds become fully penalty-free at the end of the guarantee period or during the 1-year renewal window.

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

The best available rate is 6.05% for a 7 year term.

Knighthead Life

Knighthead Life – Staysail™ MYGA (Liquidity Rider – National Version)

About this product

The Staysail™ MYGA with Liquidity Rider 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 version includes an optional Liquidity Rider that provides penalty-free access to up to 10% of the Accumulation Value each year, offering enhanced flexibility while still maintaining strong guaranteed rates and predictable performance. Designed for conservative savers who value both stability and accessible funds, Staysail supports secure, low-volatility accumulation with contractually guaranteed interest.

Available Rates

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

3 Years	5.35%
5 Years	5.85%
7 Years	6.05%

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 - $2,000,000.00	5.35%

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