What is the minimum guaranteed surrender value for Oceanview Life - Harbourview (California only)?

This annuity product allows clients to deposit a single premium of at least $20,000 and earn a fixed interest rate for the selected guarantee period (2 to 10 years). It supports flexible income payout options, including life-only and joint life with period certain. After the first policy year, clients may withdraw up to 10% of the contract value annually without penalty. The contract includes a full account value death benefit and is free of surrender charges after the annuity date. There are no administrative or front-end sales charges, and no MVA applies to California contracts.

What is the minimum premium amount for Oceanview Life - Harbourview (California only)?

The minimum premium amount is $20,000.

What is the maximum issue age for Oceanview Life - Harbourview (California only)?

The maximum issue age is 89 years.

What is the current interest rate for Oceanview Life - Harbourview (California only)?

The current interest rate is 1.65%.

What is the surrender charge schedule for Oceanview Life - Harbourview (California only)?

A surrender charge applies to any withdrawal in excess of the 10% free withdrawal amount during the guarantee period. The charge decreases over time depending on the selected term. For example, the 5-year term has surrender charges of 9%, 8%, 7%, 6%, and 5% in years 1 through 5, respectively. These charges are applied to the amount withdrawn over the free allowance and reduce the contract value. Note: Market Value Adjustment (MVA) is not applicable in California, and surrender charges may vary by state.

What are the best rates available for Oceanview Life - Harbourview (California only)?

The best available rate is 2.90% for a 10 year term.

Oceanview Life

Oceanview Life - Harbourview (California only)

About this product

The Harbourview MYGA California version is a single premium deferred annuity designed for residents of California seeking a long-term, guaranteed retirement savings vehicle. It provides a guaranteed interest rate for a chosen term, principal protection, and tax-deferred growth. The annuity is suitable for both qualified (e.g., IRA) and non-qualified funds, and allows policyholders to receive income through various annuitization options. This version excludes the Market Value Adjustment (MVA), in compliance with California regulations.

Available Rates

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

2 Years	1.65%
3 Years	2.35%
4 Years	2.60%
5 Years	2.60%
6 Years	2.75%
7 Years	2.80%
10 Years	2.90%

Available Guarantee Periods

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

$20,000.00 - $1,000,000.00

1.65%

Features
Maximum Issue Age	89 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