What is the minimum guaranteed surrender value for Knighthead Life – Staysail™ MYGA (No 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 one-time premium payment and selects a 3-, 5-, or 7-year term, during which interest grows tax-deferred and the rate remains fully guaranteed. This version does not include a liquidity rider, so it does not offer an annual penalty-free withdrawal allowance; however, Required Minimum Distributions (RMDs) are always free of surrender charges or MVA. Withdrawals exceeding RMDs may be subject to surrender charges and a Market Value Adjustment (MVA). At the end of each guarantee period, the contract automatically transitions into a 1-year guarantee period with no surrender charges or MVA, after which the owner may renew, surrender, or annuitize the contract value.

What is the minimum premium amount for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – National Version)?

The minimum premium amount is $10,000.

What is the maximum issue age for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – National Version)?

The maximum issue age is 85 years.

What is the current interest rate for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – National Version)?

The current interest rate is 5.35%.

What is the surrender charge schedule for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – National Version)?

Withdrawals exceeding the allowable amount (RMD only) or full surrender during the guarantee period may be subject to both surrender charges and a Market Value Adjustment (MVA). All funds become fully penalty-free at the end of the guarantee period or during the 1-year no-charge renewal period.

What are the best rates available for Knighthead Life – Staysail™ MYGA (No Liquidity Rider – National Version)?

The best available rate is 6.50% for a 7 year term.

Knighthead Life

Knighthead Life – Staysail™ MYGA (No Liquidity Rider – National Version)

About this product

The Staysail™ MYGA (No Liquidity Rider) is a single-premium Multi-Year Guaranteed Annuity (MYGA) issued by Merit Life Insurance Co. that provides fixed, tax-deferred interest growth and full principal protection across 3-, 5-, and 7-year guarantee periods. This version delivers the highest available guaranteed rates because it does not include a free-withdrawal feature, making it ideal for conservative savers who prioritize maximum accumulation and long-term stability over liquidity. With straightforward mechanics, strong contractual guarantees, and optional health-based waivers, the Staysail MYGA supports secure, predictable retirement planning insulated from market volatility.

Available Rates

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

3 Years	5.60%
5 Years	6.30%
7 Years	6.50%

Available Guarantee Periods

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

$10,000.00 - $99,999.00	5.35%
$100,000.00 - $2,000,000.00	5.6%

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