What is the minimum guaranteed surrender value for Oceanview Life – Harbourview (2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms)?

Harbourview MYGA is a Single Premium Deferred Annuity (SPDA) that credits a fixed interest rate set at issue for the chosen guarantee period. After the first 12 months, the contract provides annual penalty-free access up to 10% of the account/contract value (minimum withdrawal applies), while withdrawals above that amount may trigger surrender charges and a Market Value Adjustment (MVA) (MVA not applicable in California). At the end of the guarantee period, Oceanview notifies the owner and the contract may be renewed, surrendered, or transferred, with renewal rates declared at that time; Oceanview’s rate sheet language indicates this notification occurs within 30 days prior to the end of the initial guarantee period.

What is the minimum premium amount for Oceanview Life – Harbourview (2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms)?

The minimum premium amount is $20,000.

What is the maximum issue age for Oceanview Life – Harbourview (2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms)?

The maximum issue age is 89 years.

What is the current interest rate for Oceanview Life – Harbourview (2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms)?

The current interest rate is 4.6%.

What is the surrender charge schedule for Oceanview Life – Harbourview (2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms)?

Withdrawals above the annual 10% free-withdrawal allowance (or full surrender) during the guarantee period are subject to surrender charges and may also be subject to an MVA (except where not applicable, such as California). Charges generally decline each year until they reach 0% at the end of the surrender period, and the contract becomes penalty-free at the end of the guarantee period.

What are the best rates available for Oceanview Life – Harbourview (2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms)?

The best available rate is 5.35% for a 10 year term.

Oceanview Life

Oceanview Life – Harbourview (2-, 3-, 4-, 5-, 6-, 7-, and 10-year terms)

About this product

The Oceanview Life Harbourview MYGA is a single-premium Multi-Year Guaranteed Annuity (MYGA) designed for conservative accumulation, providing fixed, guaranteed interest for the full duration of the selected guarantee period (2, 3, 4, 5, 6, 7, or 10 years). It offers principal protection, tax-deferred growth on most contracts, and straightforward access features after the first contract year, making it a simple option for clients seeking stable, guaranteed growth without direct market exposure.

Available Rates

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

2 Years	4.95%
3 Years	4.95%
4 Years	5.10%
5 Years	4.75%
6 Years	5.25%
7 Years	5.00%
10 Years	5.35%

Available Guarantee Periods

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

$20,000.00 - $69,000.00	4.6%
$70,000.00 - $99,999.00	4.95%
$100,000.00 - $1,000,000.00	4.95%

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