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Active Product: Knighthead Life – Staysail™ MYGA (No Liquidity Rider – National Version)
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.
Important Disclaimer
The results displayed here are for simulation purposes only and do not represent financial advice or real-world values. Please consult a qualified financial professional before making any investment decisions.
Available Rates
| 3 Years | 5.60% |
| 5 Years | 6.30% |
| 7 Years | 6.50% |
Available Guarantee Periods
Rates based on investment amount $100,000.00
| $10,000.00 - $99,999.00 | 5.35% |
| $100,000.00 - $2,000,000.00 | 5.60% |
Features
| Maximum Issue Age | 85 years |
Growth Projection
How your money grows
Based on your issue age (55) and target payout age (62), the following guarantee period will be applied:
| Guarantee Period | 7 years |
| Rate | 6.50% |
| Age | 55 - 62 |
Summary
| Total years to payout | 30 |
| Total guarantee periods applied | 5 |
Lifetime Income Details
Payout Options
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