Eleos MVA
Reliance Standard
10%
Free W/D
47
States
The Eleos-MVA is a fixed annuity designed for safety-conscious individuals who want guaranteed income with flexibility. You receive a locked-in interest rate for 5 years, access to 10% of your money annually without penalty, and protection if interest rates decline.
Free Withdrawal
10%/yr
Available In
47 states
Min Premium
$10,000
Surrender
5 years
Key Features
Guaranteed Interest Rate
5-year guaranteeYour interest rate is locked in for the first 5 contract years and compounded annually with daily crediting. After 5 years, rates are declared annually but never fall below the Minimum Guaranteed Interest Rate.
Penalty-Free Withdrawals
10% annuallyYou can withdraw up to 10% of your annuity value each contract year with no surrender charges. Minimum withdrawal request is $500, and you can take withdrawals as a lump sum or spread throughout the year.
Market Value Adjustment
0.5% threshold (0.25% in Florida)If interest rates drop more than 0.5% from your contract issue date, your annuity value receives a positive adjustment on early withdrawals. If rates rise, you receive a negative adjustment, but your value never falls below your premium minus withdrawals and charges.
Surrender Penalty Schedule
Years 1-5: 8%-4%; Year 6+: 0%Early withdrawal charges decline annually from 8% in Year 1 to 0% in Year 6, encouraging long-term holding while providing an exit ramp.
Nursing Home Provision
Up to 25% annually if qualifiedIf you're confined to a qualified nursing home or hospital for 90+ consecutive days and were age 74 or younger at issue, you can withdraw up to 25% of your annuity value penalty-free each year.
Premium Limits
$10,000 - $1,000,000Minimum $10,000 premium; maximum $1,000,000 for ages 0-75 and $500,000 for ages 76-85 (higher amounts require prior approval).
Highlights
Guaranteed interest rates for the first 5 years with daily crediting
Penalty-free access to 10% of your annuity value each year
Market value adjustment protects you if interest rates drop significantly
Special nursing home provision allows up to 25% penalty-free withdrawal if confined for 90+ days
Principal protection—your value never falls below premiums paid minus withdrawals and surrender charges
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
After
0%
Nursing home waiver
Best For
Conservative investors age 0-85 who want guaranteed returns, need access to some funds annually, and prioritize principal protection over growth.
Consider Alternatives If
Investors who need immediate or frequent access to all their funds, expect high returns, or have short time horizons, as surrender penalties apply to withdrawals beyond 10% annually.
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